First National Bank of Omaha Purchases New Position in Manhattan Associates, Inc. $MANH

First National Bank of Omaha purchased a new position in Manhattan Associates, Inc. (NASDAQ:MANH) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,486 shares of the software maker’s stock, valued at approximately $1,182,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Manhattan Associates by 72.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,245 shares of the software maker’s stock worth $2,124,000 after acquiring an additional 5,128 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Manhattan Associates by 9.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker’s stock valued at $86,532,000 after purchasing an additional 41,571 shares during the period. Empowered Funds LLC purchased a new position in shares of Manhattan Associates in the 1st quarter valued at approximately $987,000. Focus Partners Wealth boosted its position in shares of Manhattan Associates by 181.4% during the first quarter. Focus Partners Wealth now owns 2,400 shares of the software maker’s stock valued at $415,000 after purchasing an additional 1,547 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in shares of Manhattan Associates during the second quarter valued at approximately $446,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Eric Andrew Clark sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $197.76, for a total transaction of $593,280.00. Following the completion of the transaction, the chief executive officer directly owned 89,638 shares in the company, valued at $17,726,810.88. This trade represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James Stewart Gantt sold 5,139 shares of Manhattan Associates stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $195.53, for a total value of $1,004,828.67. Following the completion of the transaction, the executive vice president directly owned 55,676 shares of the company’s stock, valued at approximately $10,886,328.28. This represents a 8.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 9,139 shares of company stock worth $1,744,879. Insiders own 0.84% of the company’s stock.

Manhattan Associates Stock Up 3.8%

Manhattan Associates stock opened at $205.99 on Thursday. The company has a market capitalization of $12.01 billion, a P/E ratio of 59.02 and a beta of 0.93. The stock’s 50 day moving average is $162.93 and its 200 day moving average is $147.58. Manhattan Associates, Inc. has a twelve month low of $119.06 and a twelve month high of $220.31.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Tuesday, July 28th. The software maker reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.07. The company had revenue of $297.79 million during 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%.The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the company earned $1.31 EPS. As a group, equities analysts expect that Manhattan Associates, Inc. will post 3.87 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Morgan Stanley set a $180.00 price objective on Manhattan Associates in a report on Wednesday, July 29th. Barclays dropped their target price on shares of Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Weiss Ratings raised shares of Manhattan Associates from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 14th. Citigroup increased their price target on shares of Manhattan Associates from $177.00 to $193.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Finally, Robert W. Baird lifted their price target on shares of Manhattan Associates from $186.00 to $218.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Manhattan Associates presently has an average rating of “Moderate Buy” and a consensus price target of $209.20.

Manhattan Associates Company 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.