Manhattan Associates, Inc. (NASDAQ:MANH) Holdings Lifted by Yousif Capital Management LLC

Yousif Capital Management LLC grew its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,206 shares of the software maker’s stock after purchasing an additional 327 shares during the period. Yousif Capital Management LLC’s holdings in Manhattan Associates were worth $6,289,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. grew its position in Manhattan Associates by 259.4% in the 4th quarter. Blue Trust Inc. now owns 115 shares of the software maker’s stock worth $25,000 after purchasing an additional 83 shares during the last quarter. Bear Mountain Capital Inc. bought a new position in shares of Manhattan Associates in the fourth quarter valued at approximately $26,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Manhattan Associates in the fourth quarter valued at approximately $26,000. Lindbrook Capital LLC boosted its holdings in shares of Manhattan Associates by 28.8% in the fourth quarter. Lindbrook Capital LLC now owns 206 shares of the software maker’s stock valued at $44,000 after acquiring an additional 46 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Manhattan Associates by 474.4% in the third quarter. UMB Bank n.a. now owns 224 shares of the software maker’s stock valued at $44,000 after acquiring an additional 185 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

Insider Buying and Selling at Manhattan Associates

In other news, EVP James Stewart Gantt sold 680 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $248.84, for a total transaction of $169,211.20. Following the transaction, the executive vice president now owns 57,093 shares in the company, valued at approximately $14,207,022.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP James Stewart Gantt sold 680 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $248.84, for a total value of $169,211.20. Following the transaction, the executive vice president now directly owns 57,093 shares in the company, valued at approximately $14,207,022.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eddie Capel sold 10,897 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $247.73, for a total transaction of $2,699,513.81. Following the completion of the transaction, the chief executive officer now owns 242,153 shares in the company, valued at $59,988,562.69. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

Manhattan Associates Stock Performance

Shares of NASDAQ:MANH opened at $208.30 on Friday. The company has a market cap of $12.83 billion, a PE ratio of 68.07 and a beta of 1.44. Manhattan Associates, Inc. has a 52 week low of $163.43 and a 52 week high of $266.94. The firm has a 50 day simple moving average of $245.12 and a 200 day simple moving average of $226.92.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings data on Tuesday, January 30th. The software maker reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.23. The firm had revenue of $238.26 million for the quarter, compared to analyst estimates of $223.99 million. Manhattan Associates had a net margin of 19.91% and a return on equity of 85.28%. On average, equities analysts predict that Manhattan Associates, Inc. will post 2.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MANH. DA Davidson upgraded shares of Manhattan Associates from a “neutral” rating to a “buy” rating and increased their price objective for the company from $220.00 to $240.00 in a report on Thursday. Raymond James increased their price objective on shares of Manhattan Associates from $214.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Rosenblatt Securities reiterated a “neutral” rating and issued a $225.00 price objective on shares of Manhattan Associates in a report on Wednesday. Citigroup decreased their price objective on shares of Manhattan Associates from $260.00 to $220.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Truist Financial increased their target price on shares of Manhattan Associates from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.86.

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.