Ameritas Investment Partners Inc. Acquires 5,903 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Ameritas Investment Partners Inc. increased its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 43.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,496 shares of the software maker’s stock after acquiring an additional 5,903 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Manhattan Associates were worth $4,809,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in MANH. CenterBook Partners LP bought a new stake in shares of Manhattan Associates during the 4th quarter valued at about $761,000. Nomura Asset Management Co. Ltd. grew its holdings in shares of Manhattan Associates by 82.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 26,894 shares of the software maker’s stock worth $5,791,000 after acquiring an additional 12,124 shares during the period. Vinva Investment Management Ltd raised its position in shares of Manhattan Associates by 69.5% in the 4th quarter. Vinva Investment Management Ltd now owns 39,571 shares of the software maker’s stock worth $8,570,000 after acquiring an additional 16,229 shares in the last quarter. Weiss Asset Management LP purchased a new position in shares of Manhattan Associates in the 4th quarter valued at approximately $1,417,000. Finally, Boston Trust Walden Corp boosted its position in shares of Manhattan Associates by 3.3% during the second quarter. Boston Trust Walden Corp now owns 109,542 shares of the software maker’s stock valued at $27,022,000 after purchasing an additional 3,525 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on MANH shares. Citigroup raised their price objective on Manhattan Associates from $220.00 to $257.00 and gave the company a “neutral” rating in a research report on Friday, June 28th. Loop Capital lifted their price target on shares of Manhattan Associates from $265.00 to $285.00 and gave the company a “buy” rating in a research report on Monday, September 16th. StockNews.com cut shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, DA Davidson lifted their target price on shares of Manhattan Associates from $260.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Four investment analysts have rated the stock with a hold rating and five have given a buy 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 $260.29.

Manhattan Associates Stock Performance

Shares of NASDAQ MANH opened at $275.94 on Friday. The firm’s 50 day moving average price is $252.97 and its 200-day moving average price is $240.53. Manhattan Associates, Inc. has a 52-week low of $182.97 and a 52-week high of $278.08. The company has a market cap of $16.99 billion, a PE ratio of 90.18 and a beta of 1.50.

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

Insider Activity at Manhattan Associates

In other Manhattan Associates news, EVP James Stewart Gantt sold 6,000 shares of the business’s stock in a transaction dated 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 owns 46,287 shares of the company’s stock, valued at approximately $11,872,615.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.72% of the stock is currently owned by insiders.

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.