Manhattan Associates, Inc. (NASDAQ:MANH) Shares Sold by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV lowered its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 7.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,893 shares of the software maker’s stock after selling 146 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Manhattan Associates were worth $533,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. M&G Plc acquired a new stake in Manhattan Associates during the 1st quarter worth about $77,433,000. Fiera Capital Corp purchased a new position in shares of Manhattan Associates during the 2nd quarter valued at approximately $44,705,000. Squarepoint Ops LLC lifted its stake in shares of Manhattan Associates by 448.9% in the 2nd quarter. Squarepoint Ops LLC now owns 160,649 shares of the software maker’s stock valued at $39,629,000 after purchasing an additional 131,381 shares during the period. Russell Investments Group Ltd. boosted its holdings in Manhattan Associates by 173.2% during the first quarter. Russell Investments Group Ltd. now owns 163,497 shares of the software maker’s stock worth $40,893,000 after buying an additional 103,645 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its position in Manhattan Associates by 27.2% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 385,311 shares of the software maker’s stock valued at $94,898,000 after buying an additional 82,420 shares during the period. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Insider Transactions at Manhattan Associates

In related news, EVP James Stewart Gantt sold 6,000 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $256.50, for a total transaction of $1,539,000.00. Following the completion of the transaction, the executive vice president now owns 46,287 shares of the company’s stock, valued at approximately $11,872,615.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.72% of the company’s stock.

Manhattan Associates Price Performance

NASDAQ MANH opened at $282.41 on Friday. The stock’s 50 day simple moving average is $261.70 and its 200-day simple moving average is $242.16. The company has a market cap of $17.39 billion, a PE ratio of 92.29 and a beta of 1.50. Manhattan Associates, Inc. has a 1-year low of $182.97 and a 1-year high of $287.63.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MANH shares. Loop Capital upped their price objective on shares of Manhattan Associates from $265.00 to $285.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Citigroup increased their price target on Manhattan Associates from $257.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. DA Davidson upped their target price on Manhattan Associates from $260.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, StockNews.com cut shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $264.57.

About Manhattan Associates

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.