Manhattan Associates, Inc. $MANH Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP lessened its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 22.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 99,963 shares of the software maker’s stock after selling 29,257 shares during the quarter. Quantinno Capital Management LP’s holdings in Manhattan Associates were worth $13,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Manhattan Associates by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 6,957,028 shares of the software maker’s stock valued at $1,205,723,000 after buying an additional 136,708 shares during the period. T. Rowe Price Investment Management Inc. raised its position in Manhattan Associates by 35.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,580,241 shares of the software maker’s stock worth $447,182,000 after buying an additional 671,589 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Manhattan Associates by 6.9% in the 4th quarter. AQR Capital Management LLC now owns 2,219,539 shares of the software maker’s stock worth $384,668,000 after acquiring an additional 142,407 shares during the period. Morgan Stanley lifted its stake in shares of Manhattan Associates by 2.5% in the 4th quarter. Morgan Stanley now owns 2,178,422 shares of the software maker’s stock worth $377,543,000 after acquiring an additional 53,037 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Manhattan Associates by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 1,753,909 shares of the software maker’s stock valued at $305,199,000 after acquiring an additional 88,005 shares in the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Manhattan Associates

In related news, EVP James Stewart Gantt sold 5,139 shares of the firm’s stock in a transaction that occurred on 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 $10,886,328.28. This trade represents a 8.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Eric Andrew Clark sold 1,000 shares of Manhattan Associates stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $146.77, for a total value of $146,770.00. Following the transaction, the chief executive officer directly owned 92,638 shares of the company’s stock, valued at approximately $13,596,479.26. This represents a 1.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.84% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MANH. Morgan Stanley set a $180.00 price target on shares of Manhattan Associates in a research note on Wednesday, July 29th. Robert W. Baird raised their price objective 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. Barclays lowered their price objective on Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. DA Davidson increased their target price on Manhattan Associates from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Finally, Wall Street Zen cut Manhattan Associates from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Manhattan Associates has a consensus rating of “Moderate Buy” and an average price target of $209.20.

Manhattan Associates Stock Down 2.2%

Shares of MANH opened at $187.24 on Tuesday. Manhattan Associates, Inc. has a 52-week low of $119.06 and a 52-week high of $220.72. The company has a 50-day simple moving average of $151.44 and a 200-day simple moving average of $145.36. The company has a market capitalization of $11.08 billion, a PE ratio of 53.65 and a beta of 0.97.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings data on Tuesday, July 28th. The software maker reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.07. Manhattan Associates had a net margin of 18.67% and a return on equity of 86.72%. The firm had revenue of $297.79 million for the quarter, compared to the consensus estimate of $289.03 million. During the same quarter in the previous year, the firm earned $1.31 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. On average, research analysts anticipate that Manhattan Associates, Inc. will post 3.87 EPS for the current year.

About Manhattan Associates

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.