Ifrah Financial Services Inc. Cuts Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Ifrah Financial Services Inc. cut its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 13.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,053 shares of the software maker’s stock after selling 158 shares during the period. Ifrah Financial Services Inc.’s holdings in Manhattan Associates were worth $227,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. raised its stake in shares of Manhattan Associates by 259.4% during the 4th quarter. Blue Trust Inc. now owns 115 shares of the software maker’s stock worth $25,000 after buying an additional 83 shares during the period. Bear Mountain Capital Inc. purchased a new position in Manhattan Associates during the fourth quarter valued at $26,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Manhattan Associates in the fourth quarter valued at about $26,000. Lindbrook Capital LLC increased its stake in shares of Manhattan Associates by 28.8% during the fourth quarter. Lindbrook Capital LLC now owns 206 shares of the software maker’s stock worth $44,000 after purchasing an additional 46 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Manhattan Associates by 25.9% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the software maker’s stock valued at $61,000 after acquiring an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Insider Activity at Manhattan Associates

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

Analysts Set New Price Targets

Several research firms recently commented on MANH. Rosenblatt Securities reissued a “neutral” rating and issued a $225.00 price objective on shares of Manhattan Associates in a research note on Wednesday, April 24th. Truist Financial upped their price objective 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. DA Davidson upgraded Manhattan Associates from a “neutral” rating to a “buy” rating and upped their price target for the company from $220.00 to $240.00 in a research report on Thursday, April 25th. William Blair reiterated a “market perform” rating on shares of Manhattan Associates in a research report on Wednesday, April 24th. Finally, Raymond James upped their target price on Manhattan Associates from $214.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Manhattan Associates has an average rating of “Moderate Buy” and a consensus target price of $234.86.

Manhattan Associates Stock Up 0.9 %

Shares of MANH traded up $1.92 during trading on Friday, reaching $210.76. 331,805 shares of the company traded hands, compared to its average volume of 467,394. The stock has a 50-day simple moving average of $240.00 and a 200-day simple moving average of $226.89. Manhattan Associates, Inc. has a twelve month low of $166.82 and a twelve month high of $266.94. The stock has a market cap of $12.98 billion, a PE ratio of 68.88 and a beta of 1.45.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, January 30th. The software maker reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.23. Manhattan Associates had a return on equity of 85.28% and a net margin of 19.91%. The company had revenue of $238.26 million for the quarter, compared to analyst estimates of $223.99 million. On average, equities research analysts predict that Manhattan Associates, Inc. will post 2.72 EPS for the current year.

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.