Dimensional Fund Advisors LP Boosts Stock Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Dimensional Fund Advisors LP lifted its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 20.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 441,314 shares of the software maker’s stock after purchasing an additional 76,378 shares during the period. Dimensional Fund Advisors LP owned 0.72% of Manhattan Associates worth $108,881,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MANH. Corient Private Wealth LLC lifted its holdings in Manhattan Associates by 88.7% in the fourth quarter. Corient Private Wealth LLC now owns 4,368 shares of the software maker’s stock worth $941,000 after buying an additional 2,053 shares during the period. Quest Partners LLC purchased a new stake in Manhattan Associates in the fourth quarter worth about $77,000. Assetmark Inc. lifted its holdings in Manhattan Associates by 18,400.0% in the fourth quarter. Assetmark Inc. now owns 1,295 shares of the software maker’s stock worth $279,000 after buying an additional 1,288 shares during the period. Advisory Services Network LLC lifted its holdings in Manhattan Associates by 52.2% in the fourth quarter. Advisory Services Network LLC now owns 4,082 shares of the software maker’s stock worth $879,000 after buying an additional 1,400 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in Manhattan Associates by 82.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 26,894 shares of the software maker’s stock worth $5,791,000 after buying an additional 12,124 shares during the period. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Manhattan Associates Stock Up 1.9 %

Shares of MANH opened at $281.28 on Tuesday. The company has a market capitalization of $17.32 billion, a P/E ratio of 91.92 and a beta of 1.50. The firm has a 50 day moving average of $253.77 and a 200 day moving average of $240.45. Manhattan Associates, Inc. has a twelve month low of $182.97 and a twelve month high of $282.52.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Tuesday, July 23rd. The software maker reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.22. The company 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%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.63 earnings per share. On average, sell-side analysts expect that Manhattan Associates, Inc. will post 3.01 EPS for the current year.

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates news, EVP James Stewart Gantt sold 6,000 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 46,287 shares in the company, valued at approximately $11,872,615.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.72% of the company’s stock.

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.