2,619 Shares in Manhattan Associates, Inc. $MANH Bought by Vise Technologies Inc.

Vise Technologies Inc. purchased a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,619 shares of the software maker’s stock, valued at approximately $365,000.

A number of other hedge funds have also modified their holdings of MANH. Geode Capital Management LLC boosted its holdings in Manhattan Associates by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 1,753,909 shares of the software maker’s stock valued at $305,199,000 after purchasing an additional 88,005 shares during the last quarter. MUFG Securities EMEA plc purchased a new position in shares of Manhattan Associates during the 4th quarter valued at about $6,066,000. John G Ullman & Associates Inc. acquired a new position in shares of Manhattan Associates in the 4th quarter valued at about $2,106,000. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in shares of Manhattan Associates by 30.6% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 187,555 shares of the software maker’s stock valued at $32,505,000 after buying an additional 43,955 shares during the period. Finally, BlackRock Inc. purchased a new stake in shares of Manhattan Associates in the second quarter worth about $944,285,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Manhattan Associates news, CEO Eric Andrew Clark sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $197.76, for a total value of $593,280.00. Following the transaction, the chief executive officer owned 89,638 shares in the company, valued at approximately $17,726,810.88. This trade represents a 3.24% decrease in their position. The sale 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 approximately $10,886,328.28. This represents a 8.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 9,139 shares of company stock worth $1,744,879 in the last 90 days. 0.84% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MANH. Citigroup raised their target price on Manhattan Associates from $177.00 to $193.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Wall Street Zen lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. DA Davidson raised their price objective on shares of Manhattan Associates from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Weiss Ratings raised shares of Manhattan Associates from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 14th. Finally, Stifel Nicolaus boosted their target price on shares of Manhattan Associates from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $209.20.

Manhattan Associates Stock Down 0.0%

MANH opened at $213.10 on Wednesday. The company has a market cap of $12.43 billion, a price-to-earnings ratio of 61.06 and a beta of 0.93. Manhattan Associates, Inc. has a 52-week low of $119.06 and a 52-week high of $220.31. The firm’s fifty day simple moving average is $168.64 and its two-hundred day simple moving average is $149.52.

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

Manhattan Associates Profile

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.