Paragon Capital Management Inc. Purchases 103 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Paragon Capital Management Inc. lifted its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,673 shares of the software maker’s stock after acquiring an additional 103 shares during the period. Manhattan Associates makes up approximately 1.3% of Paragon Capital Management Inc.’s portfolio, making the stock its 29th biggest position. Paragon Capital Management Inc.’s holdings in Manhattan Associates were worth $1,646,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MANH. Stifel Financial Corp increased its stake in shares of Manhattan Associates by 4.6% in the 4th quarter. Stifel Financial Corp now owns 59,921 shares of the software maker’s stock valued at $12,902,000 after acquiring an additional 2,608 shares in the last quarter. Bank of Nova Scotia raised its holdings in shares of Manhattan Associates by 101.8% during the fourth quarter. Bank of Nova Scotia now owns 2,971 shares of the software maker’s stock valued at $640,000 after purchasing an additional 1,499 shares during the period. KBC Group NV bought a new position in shares of Manhattan Associates during the 4th quarter worth about $1,381,000. CIBC Private Wealth Group LLC grew its stake in shares of Manhattan Associates by 0.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 11,772 shares of the software maker’s stock valued at $2,535,000 after buying an additional 108 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Manhattan Associates by 18.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 401,563 shares of the software maker’s stock valued at $86,465,000 after buying an additional 62,031 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Manhattan Associates Trading Up 0.9 %

NASDAQ MANH opened at $277.36 on Thursday. The business has a fifty day simple moving average of $260.54 and a 200 day simple moving average of $241.66. Manhattan Associates, Inc. has a 12 month low of $182.97 and a 12 month high of $287.63. The firm has a market capitalization of $17.08 billion, a P/E ratio of 90.64 and a beta of 1.50.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, July 23rd. The software maker reported $1.18 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $255.83 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. As a group, sell-side analysts predict that Manhattan Associates, Inc. will post 3.01 EPS for the current fiscal year.

Analyst Ratings Changes

MANH has been the topic of several recent research reports. DA Davidson increased their price target on Manhattan Associates from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. StockNews.com cut Manhattan Associates from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Citigroup boosted their price target on shares of Manhattan Associates from $257.00 to $287.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Finally, Loop Capital upped their price objective on shares of Manhattan Associates from $265.00 to $285.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Manhattan Associates has a consensus rating of “Moderate Buy” and a consensus target price of $264.57.

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 that occurred 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 transaction, the executive vice president now directly owns 46,287 shares of the company’s stock, valued at $11,872,615.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.72% of the company’s stock.

About Manhattan Associates

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.