Manhattan Associates, Inc. (NASDAQ:MANH) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lessened its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 98,611 shares of the software maker’s stock after selling 309 shares during the period. Public Employees Retirement Association of Colorado owned approximately 0.16% of Manhattan Associates worth $24,325,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. iA Global Asset Management Inc. lifted its position in shares of Manhattan Associates by 9.7% during the 1st quarter. iA Global Asset Management Inc. now owns 726 shares of the software maker’s stock valued at $182,000 after acquiring an additional 64 shares during the period. Janiczek Wealth Management LLC raised its holdings in Manhattan Associates by 4.6% during the first quarter. Janiczek Wealth Management LLC now owns 1,492 shares of the software maker’s stock worth $373,000 after purchasing an additional 65 shares during the last quarter. GAMMA Investing LLC boosted its position in Manhattan Associates by 11.4% during the second quarter. GAMMA Investing LLC now owns 804 shares of the software maker’s stock worth $198,000 after purchasing an additional 82 shares in the last quarter. Legacy Advisors LLC grew its holdings in Manhattan Associates by 1.3% in the second quarter. Legacy Advisors LLC now owns 6,689 shares of the software maker’s stock valued at $1,650,000 after purchasing an additional 84 shares during the last quarter. Finally, QRG Capital Management Inc. increased its position in shares of Manhattan Associates by 3.9% in the second quarter. QRG Capital Management Inc. now owns 2,567 shares of the software maker’s stock valued at $633,000 after buying an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Manhattan Associates Price Performance

Shares of MANH stock opened at $275.94 on Friday. The firm’s 50-day simple moving average is $252.97 and its 200-day simple moving average is $240.53. Manhattan Associates, Inc. has a 1-year low of $182.97 and a 1-year high of $278.08. The firm has a market cap of $16.99 billion, a P/E ratio of 90.18 and a beta of 1.50.

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

Analyst Upgrades and Downgrades

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

Insider Activity at Manhattan Associates

In other news, EVP James Stewart Gantt sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $256.50, for a total value of $1,539,000.00. Following the transaction, the executive vice president now directly owns 46,287 shares in the company, valued at approximately $11,872,615.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.72% of the stock is owned by insiders.

Manhattan Associates Company Profile

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.