6,000 Shares of Manhattan Associates, Inc. $MANH Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,000 shares of the software maker’s stock, valued at approximately $1,192,000.

A number of other large investors have also recently made changes to their positions in MANH. Bank of America Corp DE purchased a new stake in Manhattan Associates in the second quarter worth approximately $75,136,000. William Blair Investment Management LLC bought a new position in shares of Manhattan Associates during the 2nd quarter valued at $94,049,000. BlackRock Inc. bought a new position in shares of Manhattan Associates during the 2nd quarter valued at $944,285,000. Engineers Gate Manager LP boosted its stake in shares of Manhattan Associates by 1,309.1% in the 2nd quarter. Engineers Gate Manager LP now owns 132,846 shares of the software maker’s stock worth $18,499,000 after buying an additional 123,418 shares during the last quarter. Finally, Man Group plc purchased a new position in shares of Manhattan Associates in the 2nd quarter worth $7,809,000. 98.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Manhattan Associates news, Director Linda Hollembaek sold 1,315 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $250.00, for a total value of $328,750.00. Following the completion of the sale, the director owned 10,953 shares in the company, valued at $2,738,250. This represents a 10.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.84% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on the company. Citigroup lifted their price objective on Manhattan Associates from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, October 28th. Stifel Nicolaus increased their target price on Manhattan Associates from $250.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, October 28th. Truist Financial reissued a “buy” rating and issued a $305.00 target price (up from $240.00) on shares of Manhattan Associates in a research report on Wednesday, October 28th. UBS Group set a $305.00 target price on Manhattan Associates in a research report on Wednesday, October 28th. Finally, Robert W. Baird boosted their price target on Manhattan Associates from $218.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, August 26th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Manhattan Associates presently has a consensus rating of “Moderate Buy” and a consensus target price of $261.11.

Manhattan Associates Stock Performance

Shares of MANH stock traded up $0.78 during mid-day trading on Friday, reaching $257.15. 324,895 shares of the company’s stock traded hands, compared to its average volume of 933,116. Manhattan Associates, Inc. has a 12 month low of $119.06 and a 12 month high of $263.47. The firm has a 50 day moving average price of $224.11 and a two-hundred day moving average price of $170.87. The firm has a market capitalization of $14.93 billion, a PE ratio of 72.03 and a beta of 0.85.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, October 27th. The software maker reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.09. Manhattan Associates had a return on equity of 98.67% and a net margin of 18.41%. The company had revenue of $306.19 million for the quarter, compared to analysts’ expectations of $297.01 million. During the same period last year, the firm earned $1.36 EPS. Manhattan Associates’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities analysts expect that Manhattan Associates, Inc. will post 3.88 earnings per share for the current fiscal year.

Manhattan Associates Company Profile

Manhattan Associates (NASDAQ: MANH) develops software and provides services that help businesses manage supply chains, inventory and commerce operations. Its solutions support activities such as warehouse and transportation management, order fulfillment, labor management and coordination of sales across online and physical channels. The company’s product portfolio includes Manhattan Active, a cloud-native platform designed to connect supply chain and omnichannel commerce functions. Manhattan Associates serves organizations across industries including retail, manufacturing, wholesale distribution and consumer goods, with customers and operations in markets around the world.