Segall Bryant & Hamill LLC Decreases Stake in Manhattan Associates, Inc. $MANH

Segall Bryant & Hamill LLC cut its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 44.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 47,573 shares of the software maker’s stock after selling 38,359 shares during the period. Segall Bryant & Hamill LLC’s holdings in Manhattan Associates were worth $6,333,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MANH. Vanguard Group Inc. increased its stake in Manhattan Associates by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 6,957,028 shares of the software maker’s stock worth $1,205,723,000 after acquiring an additional 136,708 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in Manhattan Associates by 35.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,580,241 shares of the software maker’s stock valued at $447,182,000 after purchasing an additional 671,589 shares during the last quarter. AQR Capital Management LLC lifted its position in Manhattan Associates by 6.9% during the fourth quarter. AQR Capital Management LLC now owns 2,219,539 shares of the software maker’s stock valued at $384,668,000 after purchasing an additional 142,407 shares during the last quarter. Morgan Stanley grew its stake in shares of Manhattan Associates by 2.5% in the 4th quarter. Morgan Stanley now owns 2,178,422 shares of the software maker’s stock worth $377,543,000 after buying an additional 53,037 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Manhattan Associates by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 1,753,909 shares of the software maker’s stock worth $305,199,000 after buying an additional 88,005 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

Shares of NASDAQ MANH opened at $187.24 on Tuesday. The business’s 50 day moving average price is $151.44 and its 200-day moving average price is $145.36. Manhattan Associates, Inc. has a fifty-two week low of $119.06 and a fifty-two week high of $220.72. The company has a market cap of $11.08 billion, a price-to-earnings ratio of 53.65 and a beta of 0.97.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings results on Tuesday, July 28th. The software maker reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.07. Manhattan Associates had a return on equity of 86.72% and a net margin of 18.67%.The firm had revenue of $297.79 million during the quarter, compared to analyst estimates of $289.03 million. During the same period last year, the company earned $1.31 EPS. Manhattan Associates’s quarterly revenue was up 9.3% compared to the same quarter last year. Sell-side analysts predict that Manhattan Associates, Inc. will post 3.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MANH. Rothschild & Co Redburn set a $145.00 target price on shares of Manhattan Associates in a research report on Thursday, April 16th. Stifel Nicolaus lifted their price target on Manhattan Associates from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Robert W. Baird boosted their price objective on Manhattan Associates from $186.00 to $218.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Citigroup upped their price objective on Manhattan Associates from $177.00 to $193.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Finally, Morgan Stanley set a $180.00 price objective on Manhattan Associates in a research note on Wednesday, July 29th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $209.20.

Insider Buying and Selling at Manhattan Associates

In other news, CEO Eric Andrew Clark sold 1,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $146.77, for a total value of $146,770.00. Following the transaction, the chief executive officer directly owned 92,638 shares in the company, valued at approximately $13,596,479.26. This represents a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP James Stewart Gantt sold 5,139 shares of the firm’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $195.53, for a total transaction of $1,004,828.67. Following the completion of the transaction, the executive vice president directly owned 55,676 shares in the company, valued at $10,886,328.28. This represents a 8.45% decrease in their position. The SEC filing for this sale provides additional information. 0.84% of the stock is currently owned by company insiders.

About Manhattan Associates

Manhattan Associates, Inc (NASDAQ: MANH) is a provider of supply chain and omnichannel commerce software solutions designed to optimize the flow of goods, information and funds across enterprise operations. Its flagship offerings include warehouse management, transportation management, order management and omnichannel fulfillment applications. These solutions are delivered through a cloud-native platform called Manhattan Active, which enables retailers, manufacturers, carriers and third-party logistics providers to orchestrate inventory, manage distribution and improve customer service in real time.

Key product areas include Manhattan Active Warehouse Management, which automates and optimizes warehouse operations from receiving through shipping; Manhattan Active Transportation Management, supporting carrier selection, routing and freight payment; and Manhattan Active Omni, which unifies order capture, inventory visibility and fulfillment across stores, distribution centers and e-commerce channels.