SkyView Investment Advisors LLC Has $1.24 Million Stock Position in Manhattan Associates, Inc. (NASDAQ:MANH)

SkyView Investment Advisors LLC lifted its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,018 shares of the software maker’s stock after buying an additional 46 shares during the quarter. SkyView Investment Advisors LLC’s holdings in Manhattan Associates were worth $1,238,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. M&G Plc acquired a new position in shares of Manhattan Associates during the 1st quarter worth about $77,433,000. Epoch Investment Partners Inc. increased its position in Manhattan Associates by 110.6% during the fourth quarter. Epoch Investment Partners Inc. now owns 369,352 shares of the software maker’s stock worth $79,529,000 after buying an additional 193,951 shares during the last quarter. Fiera Capital Corp bought a new stake in Manhattan Associates in the second quarter valued at approximately $44,705,000. Squarepoint Ops LLC raised its stake in Manhattan Associates by 448.9% in the second quarter. Squarepoint Ops LLC now owns 160,649 shares of the software maker’s stock valued at $39,629,000 after buying an additional 131,381 shares during the period. Finally, Public Employees Retirement Association of Colorado lifted its position in shares of Manhattan Associates by 1,624.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 113,297 shares of the software maker’s stock valued at $24,395,000 after buying an additional 106,726 shares during the last quarter. 98.45% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP James Stewart Gantt sold 6,000 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $256.50, for a total transaction of $1,539,000.00. Following the sale, the executive vice president now directly owns 46,287 shares of the company’s stock, valued at approximately $11,872,615.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.72% of the company’s stock.

Manhattan Associates Stock Performance

NASDAQ:MANH opened at $280.25 on Friday. Manhattan Associates, Inc. has a 52 week low of $182.97 and a 52 week high of $287.63. The firm’s 50-day simple moving average is $258.44 and its 200 day simple moving average is $241.32. The firm has a market cap of $17.25 billion, a price-to-earnings ratio of 91.58 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, topping the consensus estimate of $0.96 by $0.22. The company had revenue of $265.30 million for the quarter, compared to analysts’ expectations of $255.83 million. Manhattan Associates had a net margin of 20.54% and a return on equity of 84.54%. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the firm earned $0.63 earnings per share. Sell-side analysts anticipate that Manhattan Associates, Inc. will post 3.01 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MANH shares. DA Davidson boosted their target price on Manhattan Associates from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Loop Capital increased their price objective 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. Citigroup lifted their target price on shares of Manhattan Associates from $257.00 to $287.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, StockNews.com cut shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Manhattan Associates presently has a consensus rating of “Moderate Buy” and a consensus price target of $264.57.

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.