DekaBank Deutsche Girozentrale Sells 5,821 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

DekaBank Deutsche Girozentrale decreased its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 24.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 17,920 shares of the software maker’s stock after selling 5,821 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Manhattan Associates were worth $3,860,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of MANH. Teachers Retirement System of The State of Kentucky raised its stake in shares of Manhattan Associates by 59.9% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 21,612 shares of the software maker’s stock worth $4,271,000 after purchasing an additional 8,094 shares in the last quarter. Highland Capital Management LLC bought a new stake in shares of Manhattan Associates during the 4th quarter worth approximately $1,142,000. Redhawk Wealth Advisors Inc. bought a new stake in shares of Manhattan Associates during the 4th quarter worth approximately $1,050,000. Zions Bancorporation N.A. raised its stake in shares of Manhattan Associates by 6.2% during the 3rd quarter. Zions Bancorporation N.A. now owns 8,418 shares of the software maker’s stock worth $1,664,000 after purchasing an additional 489 shares in the last quarter. Finally, Nordea Investment Management AB bought a new stake in shares of Manhattan Associates during the 3rd quarter worth approximately $842,000. Institutional investors own 98.45% of the company’s stock.

Insider Activity at Manhattan Associates

In other Manhattan Associates news, CEO Eddie Capel sold 10,897 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $247.73, for a total value of $2,699,513.81. Following the completion of the transaction, the chief executive officer now directly owns 242,153 shares in the company, valued at $59,988,562.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP James Stewart Gantt sold 680 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $248.84, for a total transaction of $169,211.20. Following the completion of the transaction, the executive vice president now directly owns 57,093 shares in the company, valued at $14,207,022.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eddie Capel sold 10,897 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $247.73, for a total value of $2,699,513.81. Following the transaction, the chief executive officer now owns 242,153 shares of the company’s stock, valued at $59,988,562.69. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by insiders.

Manhattan Associates Price Performance

Shares of NASDAQ MANH opened at $237.81 on Friday. The stock’s fifty day moving average price is $248.48 and its two-hundred day moving average price is $225.14. Manhattan Associates, Inc. has a one year low of $152.32 and a one year high of $266.94. The firm has a market cap of $14.64 billion, a price-to-earnings ratio of 84.33 and a beta of 1.44.

Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, January 30th. The software maker reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.23. The company had revenue of $238.26 million for the quarter, compared to analyst estimates of $223.99 million. Manhattan Associates had a return on equity of 84.08% and a net margin of 19.01%. On average, equities analysts anticipate that Manhattan Associates, Inc. will post 2.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Truist Financial upped their price objective on Manhattan Associates from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. StockNews.com upgraded Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. Citigroup started coverage on Manhattan Associates in a research note on Wednesday, March 13th. They issued a “neutral” rating and a $260.00 price target on the stock. Raymond James increased their price target on Manhattan Associates from $214.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Finally, Rosenblatt Securities increased their price target on Manhattan Associates from $215.00 to $225.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Manhattan Associates has an average rating of “Moderate Buy” and a consensus price target of $231.29.

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.