Manhattan Associates, Inc. (NASDAQ:MANH) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lessened its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 10.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,343 shares of the software maker’s stock after selling 503 shares during the period. Crossmark Global Holdings Inc.’s holdings in Manhattan Associates were worth $1,071,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. CenterBook Partners LP acquired a new stake in shares of Manhattan Associates during the 4th quarter valued at approximately $761,000. Russell Investments Group Ltd. increased its stake in Manhattan Associates by 9.1% during the fourth quarter. Russell Investments Group Ltd. now owns 59,852 shares of the software maker’s stock valued at $12,923,000 after purchasing an additional 4,986 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Manhattan Associates by 82.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 26,894 shares of the software maker’s stock worth $5,791,000 after purchasing an additional 12,124 shares during the period. Vinva Investment Management Ltd raised its holdings in shares of Manhattan Associates by 69.5% during the fourth quarter. Vinva Investment Management Ltd now owns 39,571 shares of the software maker’s stock worth $8,570,000 after purchasing an additional 16,229 shares during the period. Finally, Weiss Asset Management LP bought a new position in shares of Manhattan Associates in the 4th quarter worth about $1,417,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. StockNews.com lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Citigroup raised their price target on Manhattan Associates from $220.00 to $257.00 and gave the stock a “neutral” rating in a report on Friday, June 28th. DA Davidson upped their price objective on Manhattan Associates from $260.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Redburn Atlantic initiated coverage on shares of Manhattan Associates in a report on Tuesday, May 14th. They set a “buy” rating and a $260.00 price target for the company. Finally, Loop Capital lifted their price objective on shares of Manhattan Associates from $250.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Manhattan Associates presently has a consensus rating of “Moderate Buy” and a consensus price target of $257.43.

Insider Buying and Selling at Manhattan Associates

In other news, EVP James Stewart Gantt sold 6,000 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $256.50, for a total value of $1,539,000.00. Following the completion of the sale, the executive vice president now owns 46,287 shares in the company, valued at $11,872,615.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.72% of the stock is currently owned by corporate insiders.

Manhattan Associates Stock Up 0.4 %

Shares of NASDAQ MANH opened at $264.43 on Friday. The stock has a market cap of $16.28 billion, a P/E ratio of 86.42 and a beta of 1.50. The firm’s 50-day simple moving average is $247.24 and its 200 day simple moving average is $238.93. Manhattan Associates, Inc. has a fifty-two week low of $182.97 and a fifty-two week high of $266.94.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings results on Tuesday, July 23rd. The software maker reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.22. Manhattan Associates had a net margin of 20.54% and a return on equity of 84.54%. The company had revenue of $265.30 million during the quarter, compared to analyst estimates of $255.83 million. During the same period in the prior year, the business posted $0.63 EPS. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Manhattan Associates, Inc. will post 3.01 earnings per share for the current fiscal year.

Manhattan Associates Company 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.