Manhattan Associates, Inc. (NASDAQ:MANH) Shares Sold by Menard Financial Group LLC

Menard Financial Group LLC lessened its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 9.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,421 shares of the software maker’s stock after selling 262 shares during the period. Menard Financial Group LLC’s holdings in Manhattan Associates were worth $681,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC lifted its stake in shares of Manhattan Associates by 18.7% during the 1st quarter. Janus Henderson Group PLC now owns 2,746 shares of the software maker’s stock worth $687,000 after purchasing an additional 432 shares during the period. Atria Investments Inc increased its stake in shares of Manhattan Associates by 3.3% during the 1st quarter. Atria Investments Inc now owns 5,574 shares of the software maker’s stock valued at $1,395,000 after acquiring an additional 177 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Manhattan Associates by 11.4% during the 2nd quarter. GAMMA Investing LLC now owns 804 shares of the software maker’s stock worth $198,000 after acquiring an additional 82 shares during the period. DNB Asset Management AS boosted its position in shares of Manhattan Associates by 11.3% in the second quarter. DNB Asset Management AS now owns 9,734 shares of the software maker’s stock worth $2,401,000 after acquiring an additional 989 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Manhattan Associates in the second quarter valued at approximately $37,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Manhattan Associates Stock Up 3.7 %

Shares of NASDAQ:MANH opened at $297.09 on Wednesday. The company has a 50 day moving average of $282.79 and a two-hundred day moving average of $258.27. Manhattan Associates, Inc. has a 52-week low of $199.23 and a 52-week high of $307.50. The company has a market capitalization of $18.15 billion, a price-to-earnings ratio of 84.40 and a beta of 1.50.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings results on Tuesday, October 22nd. The software maker reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.29. The firm had revenue of $266.70 million for the quarter, compared to the consensus estimate of $262.90 million. Manhattan Associates had a net margin of 21.38% and a return on equity of 84.55%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.79 EPS. On average, equities analysts anticipate that Manhattan Associates, Inc. will post 3.39 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on MANH shares. Raymond James increased their price target on shares of Manhattan Associates from $255.00 to $305.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Truist Financial increased their target price on Manhattan Associates from $275.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. DA Davidson upped their price target on Manhattan Associates from $285.00 to $315.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Loop Capital lifted their price objective on Manhattan Associates from $265.00 to $285.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Finally, Citigroup increased their target price on shares of Manhattan Associates from $257.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $290.78.

Insider Activity at Manhattan Associates

In other Manhattan Associates news, EVP James Stewart Gantt sold 3,475 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $288.10, for a total transaction of $1,001,147.50. Following the completion of the transaction, the executive vice president now directly owns 42,812 shares of the company’s stock, valued at $12,334,137.20. This trade represents a 7.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Bruce Richards sold 4,150 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $289.73, for a total transaction of $1,202,379.50. Following the completion of the sale, the senior vice president now owns 22,086 shares in the company, valued at approximately $6,398,976.78. This trade represents a 15.82 % decrease in their position. The disclosure for this sale can be found here. 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.