Manhattan Associates, Inc. (NASDAQ:MANH) Stock Position Lowered by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lessened its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 2.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 384,901 shares of the software maker’s stock after selling 8,549 shares during the quarter. Epoch Investment Partners Inc. owned 0.63% of Manhattan Associates worth $94,947,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. CenterBook Partners LP acquired a new position in Manhattan Associates in the 4th quarter valued at approximately $761,000. Nomura Asset Management Co. Ltd. increased its stake in Manhattan Associates by 82.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 26,894 shares of the software maker’s stock valued at $5,791,000 after buying an additional 12,124 shares during the period. Vinva Investment Management Ltd increased its stake in Manhattan Associates by 69.5% in the 4th quarter. Vinva Investment Management Ltd now owns 39,571 shares of the software maker’s stock valued at $8,570,000 after buying an additional 16,229 shares during the period. Weiss Asset Management LP acquired a new position in Manhattan Associates in the 4th quarter valued at approximately $1,417,000. Finally, Boston Trust Walden Corp increased its stake in Manhattan Associates by 3.3% in the 2nd quarter. Boston Trust Walden Corp now owns 109,542 shares of the software maker’s stock valued at $27,022,000 after buying an additional 3,525 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

Manhattan Associates Trading Up 0.3 %

NASDAQ MANH opened at $275.94 on Friday. The company has a fifty day simple moving average of $252.97 and a 200 day simple moving average of $240.45. The company has a market cap of $16.99 billion, a P/E ratio of 90.18 and a beta of 1.50. Manhattan Associates, Inc. has a 1 year low of $182.97 and a 1 year high of $278.08.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Tuesday, July 23rd. The software maker reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.22. The business had revenue of $265.30 million during the quarter, compared to the consensus estimate of $255.83 million. Manhattan Associates had a net margin of 20.54% and a return on equity of 84.54%. Manhattan Associates’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.63 EPS. Equities research analysts forecast that Manhattan Associates, Inc. will post 3.01 EPS for the current fiscal year.

Insider Buying and Selling at Manhattan Associates

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

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. StockNews.com lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. DA Davidson increased their price target on shares of Manhattan Associates from $260.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Citigroup increased their price target on shares of Manhattan Associates from $220.00 to $257.00 and gave the stock a “neutral” rating in a research note on Friday, June 28th. Finally, Loop Capital increased their price target on shares of Manhattan Associates from $265.00 to $285.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Four 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.29.

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.