Manhattan Associates, Inc. (NASDAQ:MANH) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 13.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,762 shares of the software maker’s stock after purchasing an additional 332 shares during the quarter. Janus Henderson Group PLC’s holdings in Manhattan Associates were worth $777,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MANH. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Manhattan Associates by 15.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,080 shares of the software maker’s stock valued at $513,000 after buying an additional 280 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Manhattan Associates by 26.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,348 shares of the software maker’s stock worth $1,319,000 after purchasing an additional 1,105 shares during the period. Blue Trust Inc. boosted its holdings in shares of Manhattan Associates by 238.4% during the second quarter. Blue Trust Inc. now owns 555 shares of the software maker’s stock worth $139,000 after purchasing an additional 391 shares during the last quarter. Chesley Taft & Associates LLC grew its position in shares of Manhattan Associates by 20.8% in the second quarter. Chesley Taft & Associates LLC now owns 2,035 shares of the software maker’s stock valued at $502,000 after purchasing an additional 351 shares during the period. Finally, Hennion & Walsh Asset Management Inc. grew its position in shares of Manhattan Associates by 16.9% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 3,872 shares of the software maker’s stock valued at $955,000 after purchasing an additional 560 shares during the period. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on MANH. Robert W. Baird raised their price target on Manhattan Associates from $263.00 to $304.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Raymond James raised their target price on shares of Manhattan Associates from $255.00 to $305.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Citigroup boosted their target price on shares of Manhattan Associates from $257.00 to $287.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Truist Financial increased their price target on shares of Manhattan Associates from $275.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Finally, Piper Sandler assumed coverage on shares of Manhattan Associates in a research note on Monday, November 25th. They set an “overweight” rating and a $326.00 price objective for the company. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Manhattan Associates has an average rating of “Moderate Buy” and a consensus target price of $290.78.

Insiders Place Their Bets

In other Manhattan Associates news, EVP James Stewart Gantt sold 3,475 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $288.10, for a total value of $1,001,147.50. Following the transaction, the executive vice president now owns 42,812 shares in the company, valued at $12,334,137.20. The trade was a 7.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Bruce Richards sold 4,150 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $289.73, for a total value of $1,202,379.50. Following the sale, the senior vice president now owns 22,086 shares of the company’s stock, valued at $6,398,976.78. This represents a 15.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.

Manhattan Associates Trading Down 3.7 %

NASDAQ:MANH opened at $298.17 on Friday. The firm’s fifty day simple moving average is $286.25 and its 200 day simple moving average is $262.25. Manhattan Associates, Inc. has a twelve month low of $199.23 and a twelve month high of $312.60. The firm has a market capitalization of $18.21 billion, a price-to-earnings ratio of 84.71 and a beta of 1.50.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Tuesday, October 22nd. The software maker reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.29. Manhattan Associates had a return on equity of 84.55% and a net margin of 21.38%. The company had revenue of $266.70 million for the quarter, compared to analysts’ expectations of $262.90 million. During the same quarter in the previous year, the firm posted $0.79 earnings per share. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. On average, analysts predict that Manhattan Associates, Inc. will post 3.39 earnings per share for the current year.

Manhattan Associates 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.