Sanctuary Advisors LLC Makes New Investment in Manhattan Associates, Inc. $MANH

Sanctuary Advisors LLC bought a new stake in Manhattan Associates, Inc. (NASDAQ:MANH) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 3,882 shares of the software maker’s stock, valued at approximately $541,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MANH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Manhattan Associates by 72.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,245 shares of the software maker’s stock worth $2,124,000 after purchasing an additional 5,128 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Manhattan Associates by 9.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker’s stock worth $86,532,000 after buying an additional 41,571 shares in the last quarter. Empowered Funds LLC acquired a new position in Manhattan Associates during the 1st quarter worth $987,000. Focus Partners Wealth boosted its position in Manhattan Associates by 181.4% in the 1st quarter. Focus Partners Wealth now owns 2,400 shares of the software maker’s stock valued at $415,000 after buying an additional 1,547 shares during the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Manhattan Associates in the 2nd quarter valued at $446,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Buying and Selling

In other Manhattan Associates news, EVP James Stewart Gantt sold 5,139 shares of Manhattan Associates stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $195.53, for a total value of $1,004,828.67. Following the sale, the executive vice president directly owned 55,676 shares in the company, valued at approximately $10,886,328.28. The trade was a 8.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eric Andrew Clark sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $197.76, for a total value of $593,280.00. Following the transaction, the chief executive officer directly owned 89,638 shares of the company’s stock, valued at $17,726,810.88. This trade represents a 3.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 9,139 shares of company stock worth $1,744,879. 0.84% of the stock is owned by insiders.

Analyst Ratings Changes

MANH has been the subject of a number of recent research reports. Wall Street Zen downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Stifel Nicolaus lifted their price target on shares of 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 target on shares of Manhattan Associates from $218.00 to $260.00 and gave the stock an “outperform” rating in a research note on Wednesday. Barclays cut their price objective on shares of Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Finally, Weiss Ratings raised shares of Manhattan Associates from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 14th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $213.40.

Manhattan Associates Trading Down 0.2%

MANH stock opened at $223.28 on Friday. The business’s 50-day moving average price is $173.96 and its two-hundred day moving average price is $151.13. Manhattan Associates, Inc. has a 1-year low of $119.06 and a 1-year high of $227.03. The firm has a market cap of $13.02 billion, a PE ratio of 63.98 and a beta of 0.93.

Manhattan Associates (NASDAQ:MANH) last posted its 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 business had revenue of $297.79 million during the quarter, compared to analysts’ expectations of $289.03 million. During the same period in the prior year, the business earned $1.31 EPS. Manhattan Associates’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, analysts forecast that Manhattan Associates, Inc. will post 3.87 earnings per share for the current year.

Manhattan Associates Company 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.