Hsbc Holdings PLC Has $8.64 Million Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Hsbc Holdings PLC reduced its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 17.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,871 shares of the software maker’s stock after selling 7,298 shares during the quarter. Hsbc Holdings PLC owned about 0.06% of Manhattan Associates worth $8,640,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TD Asset Management Inc raised its stake in Manhattan Associates by 234.2% during the 4th quarter. TD Asset Management Inc now owns 549,308 shares of the software maker’s stock worth $118,277,000 after buying an additional 384,941 shares during the period. M&G Plc bought a new stake in shares of Manhattan Associates during the first quarter valued at approximately $77,433,000. Epoch Investment Partners Inc. raised its position in shares of Manhattan Associates by 110.6% during the fourth quarter. Epoch Investment Partners Inc. now owns 369,352 shares of the software maker’s stock worth $79,529,000 after purchasing an additional 193,951 shares during the period. Fiera Capital Corp bought a new position in shares of Manhattan Associates in the 2nd quarter worth $44,705,000. Finally, Public Employees Retirement Association of Colorado lifted its holdings in shares of Manhattan Associates by 1,624.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 113,297 shares of the software maker’s stock worth $24,395,000 after purchasing an additional 106,726 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Manhattan Associates Trading Up 1.9 %

Shares of Manhattan Associates stock opened at $281.28 on Tuesday. The firm has a market capitalization of $17.32 billion, a P/E ratio of 91.92 and a beta of 1.50. The business’s fifty day simple moving average is $253.77 and its 200 day simple moving average is $240.45. Manhattan Associates, Inc. has a 12 month low of $182.97 and a 12 month high of $282.52.

Manhattan Associates (NASDAQ:MANH) last issued 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 period in the previous year, the firm earned $0.63 EPS. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. Analysts predict that Manhattan Associates, Inc. will post 3.01 EPS for the current fiscal year.

Insider Transactions at Manhattan Associates

In related news, EVP James Stewart Gantt sold 6,000 shares of the company’s stock in a transaction that occurred on 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 owns 46,287 shares in the company, valued at $11,872,615.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.72% of the stock is currently owned by company insiders.

Manhattan Associates 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.