Vontobel Holding Ltd. Invests $420,000 in Manhattan Associates, Inc. (NASDAQ:MANH)

Vontobel Holding Ltd. purchased a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 1,952 shares of the software maker’s stock, valued at approximately $420,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MANH. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Manhattan Associates by 9.9% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 141,346 shares of the software maker’s stock valued at $30,435,000 after acquiring an additional 12,772 shares in the last quarter. Lecap Asset Management Ltd. bought a new position in shares of Manhattan Associates in the 4th quarter valued at approximately $291,000. Louisiana State Employees Retirement System bought a new position in shares of Manhattan Associates in the 4th quarter valued at approximately $3,725,000. AlphaQ Advisors LLC bought a new position in shares of Manhattan Associates in the 4th quarter valued at approximately $220,000. Finally, Cerity Partners LLC bought a new position in Manhattan Associates in the 4th quarter worth approximately $287,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Manhattan Associates Trading Up 1.0 %

MANH opened at $230.63 on Wednesday. The stock has a market cap of $14.20 billion, a PE ratio of 81.78 and a beta of 1.44. Manhattan Associates, Inc. has a 1 year low of $152.32 and a 1 year high of $266.94. The stock’s 50 day simple moving average is $245.97 and its 200-day simple moving average is $227.06.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MANH. Citigroup began coverage on Manhattan Associates in a report on Wednesday, March 13th. They set a “neutral” rating and a $260.00 price target for the company. Truist Financial upped their price target on Manhattan Associates from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Rosenblatt Securities reiterated a “neutral” rating and set a $225.00 price target on shares of Manhattan Associates in a report on Monday, April 15th. Finally, Raymond James upped their price target on Manhattan Associates from $214.00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Manhattan Associates currently has a consensus rating of “Moderate Buy” and a consensus price target of $231.29.

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates news, CEO Eddie Capel sold 10,897 shares of the company’s stock in a transaction on 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 directly owns 242,153 shares in the company, valued at $59,988,562.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Manhattan Associates news, EVP James Stewart Gantt sold 680 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $248.84, for a total value of $169,211.20. Following the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Eddie Capel sold 10,897 shares of the stock in a transaction on 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. Company insiders own 0.85% of the company’s stock.

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.