988 Shares in Manhattan Associates, Inc. (NASDAQ:MANH) Acquired by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT purchased a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 988 shares of the software maker’s stock, valued at approximately $244,000.

Several other large investors have also recently made changes to their positions in MANH. Private Advisor Group LLC purchased a new position in shares of Manhattan Associates in the fourth quarter worth about $270,000. Panagora Asset Management Inc. increased its stake in Manhattan Associates by 54.6% in the 4th quarter. Panagora Asset Management Inc. now owns 2,751 shares of the software maker’s stock worth $592,000 after purchasing an additional 971 shares during the period. Norges Bank bought a new stake in Manhattan Associates in the fourth quarter valued at approximately $146,984,000. Coldstream Capital Management Inc. boosted its stake in shares of Manhattan Associates by 8.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 2,567 shares of the software maker’s stock valued at $553,000 after purchasing an additional 204 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in shares of Manhattan Associates by 1.9% in the fourth quarter. Wells Fargo & Company MN now owns 369,315 shares of the software maker’s stock worth $79,521,000 after purchasing an additional 6,754 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Manhattan Associates Stock Up 0.3 %

Shares of MANH opened at $275.94 on Friday. Manhattan Associates, Inc. has a 52 week low of $182.97 and a 52 week high of $278.08. The stock has a market cap of $16.99 billion, a P/E ratio of 90.18 and a beta of 1.50. The business’s 50 day moving average price is $252.26 and its 200-day moving average price is $240.39.

Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, July 23rd. The software maker reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.22. The firm had revenue of $265.30 million for the quarter, compared to analysts’ expectations of $255.83 million. Manhattan Associates had a return on equity of 84.54% and a net margin of 20.54%. The company’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.63 earnings per share. On average, equities analysts anticipate that Manhattan Associates, Inc. will post 3.01 EPS for the current year.

Insiders Place Their Bets

In other news, EVP James Stewart Gantt sold 6,000 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $256.50, for a total transaction of $1,539,000.00. Following the sale, the executive vice president now owns 46,287 shares in the company, valued at $11,872,615.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MANH shares. Loop Capital upped their price target on shares of Manhattan Associates from $265.00 to $285.00 and gave the company a “buy” rating in a report on Monday, September 16th. StockNews.com downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. DA Davidson lifted their price objective on Manhattan Associates from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, Citigroup increased their target price on Manhattan Associates from $220.00 to $257.00 and gave the stock a “neutral” rating in a research report on Friday, June 28th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Manhattan Associates presently has an average rating of “Moderate Buy” and an average target price of $260.29.

About Manhattan Associates

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Warehouse Management Solution for managing goods and information across the distribution centers; Manhattan Active Warehouse Management, a cloud native and version less application for the associate; and Transportation Management Solution for helping shippers navigate their way through the demands and meet customer service expectations at the lowest possible freight costs; Manhattan SCALE, a portfolio of logistics execution solution; and Manhattan Active Omni, which offers order management, store inventory and fulfillment, POS, and customer engagement tools for enterprises and stores.