Cerity Partners LLC Purchases Shares of 1,333 Manhattan Associates, Inc. (NASDAQ:MANH)

Cerity Partners LLC purchased a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,333 shares of the software maker’s stock, valued at approximately $287,000.

A number of other large investors have also made changes to their positions in the company. Custom Index Systems LLC bought a new stake in shares of Manhattan Associates during the 4th quarter valued at about $382,000. International Assets Investment Management LLC bought a new stake in shares of Manhattan Associates during the 4th quarter valued at about $5,100,000. Meeder Asset Management Inc. bought a new stake in shares of Manhattan Associates during the 4th quarter valued at about $2,039,000. Nisa Investment Advisors LLC grew its stake in shares of Manhattan Associates by 0.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 16,426 shares of the software maker’s stock valued at $3,537,000 after purchasing an additional 132 shares during the period. Finally, Asset Management One Co. Ltd. grew its stake in shares of Manhattan Associates by 2.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 77,873 shares of the software maker’s stock valued at $16,866,000 after purchasing an additional 1,507 shares during the period. 98.45% of the stock is currently owned by institutional investors.

Insider Transactions at Manhattan Associates

In other news, EVP James Stewart Gantt sold 680 shares of the company’s stock in a transaction that occurred on 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 directly owns 57,093 shares of the company’s stock, valued at approximately $14,207,022.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Eddie Capel sold 10,897 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $247.73, for a total transaction of $2,699,513.81. Following the sale, the chief executive officer now directly owns 242,153 shares of the company’s stock, valued at approximately $59,988,562.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James Stewart Gantt sold 680 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $248.84, for a total value 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 disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

MANH has been the subject of a number of recent research reports. Citigroup cut their price objective on Manhattan Associates from $260.00 to $220.00 and set a “neutral” rating for the company in a research note on Wednesday. Rosenblatt Securities reiterated a “neutral” rating and set a $225.00 price objective on shares of Manhattan Associates in a research note on Wednesday. DA Davidson upgraded Manhattan Associates from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $220.00 to $240.00 in a research note on Thursday. Raymond James boosted their price objective 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, Truist Financial boosted their price objective on Manhattan Associates from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $234.86.

Manhattan Associates Trading Up 0.3 %

NASDAQ MANH opened at $209.02 on Friday. The stock’s 50 day moving average is $243.64 and its 200 day moving average is $226.91. Manhattan Associates, Inc. has a 12 month low of $164.55 and a 12 month high of $266.94. The stock has a market cap of $12.87 billion, a PE ratio of 68.31 and a beta of 1.44.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Tuesday, January 30th. The software maker reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.23. Manhattan Associates had a return on equity of 85.28% and a net margin of 19.91%. The company had revenue of $238.26 million for the quarter, compared to analysts’ expectations of $223.99 million. On average, analysts forecast that Manhattan Associates, Inc. will post 2.81 EPS for the current fiscal 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.