1,353 Shares in Manhattan Associates, Inc. (NASDAQ:MANH) Bought by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. acquired a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,353 shares of the software maker’s stock, valued at approximately $291,000.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in Manhattan Associates by 259.4% during the fourth quarter. Blue Trust Inc. now owns 115 shares of the software maker’s stock worth $25,000 after purchasing an additional 83 shares during the last quarter. ST Germain D J Co. Inc. bought a new stake in Manhattan Associates in the second quarter valued at $44,000. UMB Bank n.a. lifted its stake in Manhattan Associates by 474.4% in the third quarter. UMB Bank n.a. now owns 224 shares of the software maker’s stock valued at $44,000 after buying an additional 185 shares during the last quarter. Eagle Bay Advisors LLC bought a new stake in Manhattan Associates in the second quarter valued at $36,000. Finally, First Capital Advisors Group LLC. bought a new stake in Manhattan Associates in the second quarter valued at $65,000. 98.45% of the stock is currently owned by institutional investors.

Manhattan Associates Stock Performance

Shares of MANH opened at $230.49 on Tuesday. The firm has a market capitalization of $14.19 billion, a price-to-earnings ratio of 81.73 and a beta of 1.44. Manhattan Associates, Inc. has a one year low of $152.32 and a one year high of $266.94. The stock’s fifty day moving average is $248.11 and its 200-day moving average is $225.81.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings results on Tuesday, January 30th. The software maker reported $0.78 EPS for the quarter, topping the consensus estimate of $0.55 by $0.23. Manhattan Associates had a net margin of 19.01% and a return on equity of 84.08%. The firm had revenue of $238.26 million for the quarter, compared to analysts’ expectations of $223.99 million. Analysts forecast that Manhattan Associates, Inc. will post 2.78 EPS for the current fiscal year.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MANH. Truist Financial raised their target price on Manhattan Associates from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Citigroup began coverage on Manhattan Associates in a research note on Wednesday, March 13th. They issued a “neutral” rating and a $260.00 target price on the stock. Raymond James raised their target price 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 reissued a “neutral” rating and set a $225.00 price target on shares of Manhattan Associates in a report on Monday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $231.29.

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.