Hennion & Walsh Asset Management Inc. Has $955,000 Stock Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Hennion & Walsh Asset Management Inc. lifted its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 16.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,872 shares of the software maker’s stock after acquiring an additional 560 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Manhattan Associates were worth $955,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in Manhattan Associates during the 4th quarter worth about $5,100,000. Cerity Partners LLC bought a new stake in Manhattan Associates in the 4th quarter valued at $287,000. Vontobel Holding Ltd. acquired a new position in Manhattan Associates in the 4th quarter valued at $420,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Manhattan Associates by 33.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,581 shares of the software maker’s stock valued at $2,278,000 after buying an additional 2,637 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in Manhattan Associates by 27.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 5,083 shares of the software maker’s stock valued at $1,094,000 after buying an additional 1,083 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

NASDAQ:MANH opened at $257.35 on Wednesday. Manhattan Associates, Inc. has a 52-week low of $182.97 and a 52-week high of $266.94. The business’s fifty day moving average is $242.76 and its 200 day moving average is $238.06. The firm has a market cap of $15.85 billion, a price-to-earnings ratio of 84.10 and a beta of 1.50.

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

Insider Activity

In related news, EVP James Stewart Gantt sold 6,000 shares of the business’s stock in a transaction dated 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 directly owns 46,287 shares in the company, valued at $11,872,615.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MANH. DA Davidson increased their target price on Manhattan Associates from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. William Blair restated a “market perform” rating on shares of Manhattan Associates in a research report on Wednesday, April 24th. StockNews.com downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Loop Capital raised their price objective on Manhattan Associates from $250.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $225.00 price objective on shares of Manhattan Associates in a research note on Wednesday, April 24th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Manhattan Associates has a consensus rating of “Moderate Buy” and a consensus target price of $257.43.

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.