Landscape Capital Management L.L.C. Takes Position in Manhattan Associates, Inc. $MANH

Landscape Capital Management L.L.C. acquired a new position in Manhattan Associates, Inc. (NASDAQ:MANH) during the second quarter, Holdings Channel.com reports. The firm acquired 6,978 shares of the software maker’s stock, valued at approximately $972,000.

Several other institutional investors have also recently made changes to their positions in the business. NewEdge Advisors LLC lifted its position in Manhattan Associates by 3.3% during the second quarter. NewEdge Advisors LLC now owns 1,852 shares of the software maker’s stock valued at $366,000 after purchasing an additional 59 shares during the period. Tower Research Capital LLC TRC grew its position in Manhattan Associates by 2.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,708 shares of the software maker’s stock worth $555,000 after purchasing an additional 69 shares during the period. Covestor Ltd grew its position in Manhattan Associates by 12.2% during the 4th quarter. Covestor Ltd now owns 670 shares of the software maker’s stock worth $116,000 after purchasing an additional 73 shares during the period. Verdence Capital Advisors LLC raised its stake in shares of Manhattan Associates by 3.4% during the 4th quarter. Verdence Capital Advisors LLC now owns 2,322 shares of the software maker’s stock valued at $402,000 after buying an additional 76 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in shares of Manhattan Associates by 1.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 6,369 shares of the software maker’s stock valued at $1,104,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Insider Buying and Selling

In other news, EVP James Stewart Gantt sold 5,139 shares of the stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $195.53, for a total transaction of $1,004,828.67. Following the transaction, the executive vice president owned 55,676 shares in the company, valued at $10,886,328.28. This trade represents a 8.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Eric Andrew Clark sold 3,000 shares of Manhattan Associates stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $197.76, for a total transaction of $593,280.00. Following the completion of the sale, the chief executive officer directly owned 89,638 shares in the company, valued at $17,726,810.88. This represents a 3.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,139 shares of company stock worth $1,744,879 in the last quarter. Insiders own 0.84% of the company’s stock.

Wall Street Analyst Weigh In

MANH has been the subject of several analyst reports. Morgan Stanley set a $180.00 price objective on Manhattan Associates in a report on Wednesday, July 29th. Wall Street Zen cut Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Barclays reduced their price target on Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Robert W. Baird boosted their price target on Manhattan Associates from $186.00 to $218.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Finally, Stifel Nicolaus upped their price objective on Manhattan Associates from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Manhattan Associates currently has a consensus rating of “Moderate Buy” and a consensus price target of $209.20.

Manhattan Associates Stock Performance

NASDAQ MANH opened at $214.56 on Monday. The stock has a market capitalization of $12.51 billion, a price-to-earnings ratio of 61.48 and a beta of 0.93. The stock has a 50-day moving average of $165.78 and a 200 day moving average of $148.45. Manhattan Associates, Inc. has a twelve month low of $119.06 and a twelve month high of $220.31.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Tuesday, July 28th. The software maker reported $1.39 EPS for the quarter, beating the consensus estimate of $1.32 by $0.07. The company had revenue of $297.79 million for the quarter, compared to analyst estimates of $289.03 million. Manhattan Associates had a return on equity of 86.72% and a net margin of 18.67%.Manhattan Associates’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company earned $1.31 earnings per share. Equities analysts predict that Manhattan Associates, Inc. will post 3.87 EPS for the current fiscal year.

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.