Raleigh Capital Management Inc. Purchases 195 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Raleigh Capital Management Inc. raised its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 78.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 442 shares of the software maker’s stock after buying an additional 195 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Manhattan Associates were worth $124,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MANH. Sunbelt Securities Inc. boosted its position in Manhattan Associates by 57.1% during the first quarter. Sunbelt Securities Inc. now owns 779 shares of the software maker’s stock worth $195,000 after purchasing an additional 283 shares during the period. DGS Capital Management LLC increased its holdings in shares of Manhattan Associates by 13.4% in the 1st quarter. DGS Capital Management LLC now owns 7,412 shares of the software maker’s stock worth $1,855,000 after buying an additional 877 shares during the last quarter. Janiczek Wealth Management LLC grew its position in Manhattan Associates by 4.6% in the first quarter. Janiczek Wealth Management LLC now owns 1,492 shares of the software maker’s stock worth $373,000 after acquiring an additional 65 shares in the last quarter. Capital Insight Partners LLC increased its stake in Manhattan Associates by 0.7% in the first quarter. Capital Insight Partners LLC now owns 14,980 shares of the software maker’s stock valued at $3,748,000 after acquiring an additional 106 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Manhattan Associates by 67.7% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 3,312 shares of the software maker’s stock worth $829,000 after purchasing an additional 1,337 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MANH has been the subject of a number of research reports. StockNews.com cut shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Robert W. Baird upped their price objective on shares of Manhattan Associates from $263.00 to $304.00 and gave the company an “outperform” rating in a research note on Tuesday. Truist Financial upped their target price on Manhattan Associates from $275.00 to $310.00 and gave the company a “buy” rating in a report on Friday, October 11th. Citigroup upped their target price on Manhattan Associates from $257.00 to $287.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Finally, DA Davidson upped their price target on Manhattan Associates from $260.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $275.75.

Insiders Place Their Bets

In other Manhattan Associates news, EVP James Stewart Gantt sold 6,000 shares of Manhattan Associates stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $256.50, for a total value of $1,539,000.00. Following the sale, the executive vice president now owns 46,287 shares of the company’s stock, valued at $11,872,615.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.72% of the company’s stock.

Manhattan Associates Stock Down 1.1 %

Shares of MANH opened at $292.32 on Wednesday. Manhattan Associates, Inc. has a 52 week low of $182.97 and a 52 week high of $307.50. The stock has a market cap of $18.00 billion, a price-to-earnings ratio of 95.53 and a beta of 1.50. The business has a 50-day simple moving average of $272.92 and a two-hundred day simple moving average of $246.07.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings data on Tuesday, July 23rd. The software maker reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.22. Manhattan Associates had a return on equity of 84.54% and a net margin of 20.54%. The firm had revenue of $265.30 million during the quarter, compared to analyst estimates of $255.83 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, equities analysts anticipate that Manhattan Associates, Inc. will post 3.01 earnings per share for the current fiscal 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.