ABN Amro Investment Solutions Raises Position in Manhattan Associates, Inc. $MANH

ABN Amro Investment Solutions lifted its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 20.6% during the first quarter, HoldingsChannel reports. The fund owned 38,479 shares of the software maker’s stock after acquiring an additional 6,584 shares during the quarter. ABN Amro Investment Solutions’ holdings in Manhattan Associates were worth $5,122,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC purchased a new position in shares of Manhattan Associates during the 4th quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Manhattan Associates by 448.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock valued at $28,000 after buying an additional 112 shares in the last quarter. BNP Paribas acquired a new position in Manhattan Associates during the fourth quarter worth $39,000. TD Private Client Wealth LLC grew its holdings in Manhattan Associates by 83.8% during the fourth quarter. TD Private Client Wealth LLC now owns 239 shares of the software maker’s stock worth $41,000 after acquiring an additional 109 shares during the period. Finally, V Square Quantitative Management LLC purchased a new position in Manhattan Associates in the fourth quarter worth $44,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Manhattan Associates Stock Performance

Shares of MANH stock opened at $149.11 on Thursday. The stock has a fifty day moving average price of $145.07 and a 200 day moving average price of $145.18. The stock has a market cap of $8.82 billion, a PE ratio of 41.77 and a beta of 0.97. Manhattan Associates, Inc. has a 1 year low of $119.06 and a 1 year high of $247.22.

Manhattan Associates (NASDAQ:MANH) last posted its earnings results on Tuesday, April 21st. The software maker reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.14. Manhattan Associates had a return on equity of 78.13% and a net margin of 19.68%.The company had revenue of $282.21 million for the quarter, compared to analyst estimates of $273.70 million. During the same quarter in the prior year, the company earned $1.19 earnings per share. Manhattan Associates’s revenue was up 7.4% compared to the same quarter last year. As a group, equities research analysts predict that Manhattan Associates, Inc. will post 3.72 earnings per share for the current year.

Insider Buying and Selling at Manhattan Associates

In other news, CEO Eric Andrew Clark sold 1,000 shares of Manhattan Associates stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $146.77, for a total transaction of $146,770.00. Following the completion of the transaction, the chief executive officer owned 92,638 shares of the company’s stock, valued at $13,596,479.26. The trade was a 1.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP James Stewart Gantt sold 7,300 shares of the business’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $139.25, for a total transaction of $1,016,525.00. Following the completion of the sale, the executive vice president owned 60,815 shares in the company, valued at $8,468,488.75. This represents a 10.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. DA Davidson reissued a “buy” rating and issued a $200.00 target price on shares of Manhattan Associates in a report on Wednesday, May 20th. Stifel Nicolaus set a $200.00 price target on shares of Manhattan Associates in a research note on Wednesday, May 20th. Weiss Ratings upgraded shares of Manhattan Associates from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 14th. Citigroup increased their price target on shares of Manhattan Associates from $177.00 to $193.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Robert W. Baird boosted their price objective on shares of Manhattan Associates from $183.00 to $186.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Manhattan Associates currently has an average rating of “Moderate Buy” and a consensus target price of $201.00.

Manhattan Associates Profile

Manhattan Associates, Inc (NASDAQ: MANH) is a provider of supply chain and omnichannel commerce software solutions designed to optimize the flow of goods, information and funds across enterprise operations. Its flagship offerings include warehouse management, transportation management, order management and omnichannel fulfillment applications. These solutions are delivered through a cloud-native platform called Manhattan Active, which enables retailers, manufacturers, carriers and third-party logistics providers to orchestrate inventory, manage distribution and improve customer service in real time.

Key product areas include Manhattan Active Warehouse Management, which automates and optimizes warehouse operations from receiving through shipping; Manhattan Active Transportation Management, supporting carrier selection, routing and freight payment; and Manhattan Active Omni, which unifies order capture, inventory visibility and fulfillment across stores, distribution centers and e-commerce channels.