Manhattan Associates, Inc. (NASDAQ:MANH) Shares Bought by Blue Trust Inc.

Blue Trust Inc. grew its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 238.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 555 shares of the software maker’s stock after acquiring an additional 391 shares during the period. Blue Trust Inc.’s holdings in Manhattan Associates were worth $139,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of MANH. International Assets Investment Management LLC acquired a new position in Manhattan Associates during the 4th quarter worth $5,100,000. Cerity Partners LLC purchased a new stake in shares of Manhattan Associates during the fourth quarter worth approximately $287,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Manhattan Associates by 9.9% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 141,346 shares of the software maker’s stock valued at $30,435,000 after acquiring an additional 12,772 shares in the last quarter. Vontobel Holding Ltd. purchased a new position in Manhattan Associates in the fourth quarter worth approximately $420,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Manhattan Associates by 33.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,581 shares of the software maker’s stock worth $2,278,000 after acquiring an additional 2,637 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Insider Buying and Selling at Manhattan Associates

In other news, EVP James Stewart Gantt sold 6,000 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $256.50, for a total transaction 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 Securities & Exchange Commission, which is available through this link. 0.72% of the stock is currently owned by company insiders.

Manhattan Associates Stock Up 1.5 %

NASDAQ:MANH opened at $259.74 on Tuesday. The company has a market capitalization of $15.99 billion, a PE ratio of 84.88 and a beta of 1.50. Manhattan Associates, Inc. has a 52-week low of $182.97 and a 52-week high of $266.94. The stock’s 50 day moving average price is $242.14 and its 200 day moving average price is $238.01.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, July 23rd. The software maker reported $1.18 earnings per share (EPS) 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 business had revenue of $265.30 million for the quarter, compared to analyst estimates of $255.83 million. During the same period last year, the firm posted $0.63 earnings per share. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Manhattan Associates, Inc. will post 3.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Rosenblatt Securities restated a “neutral” rating and issued a $225.00 price objective on shares of Manhattan Associates in a report on Wednesday, April 24th. StockNews.com downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. 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 report on Wednesday, July 24th. Loop Capital raised their target price on Manhattan Associates from $250.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, William Blair reaffirmed a “market perform” rating on shares of Manhattan Associates in a report on Wednesday, April 24th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $257.43.

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.