Northwestern Mutual Wealth Management Co. Buys 274 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Northwestern Mutual Wealth Management Co. raised its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 12.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,559 shares of the software maker’s stock after acquiring an additional 274 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Manhattan Associates were worth $631,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Tobam acquired a new position in Manhattan Associates in the first quarter worth $25,000. Innealta Capital LLC acquired a new position in Manhattan Associates in the second quarter worth $26,000. Benjamin Edwards Inc. acquired a new position in Manhattan Associates in the first quarter worth $27,000. International Assets Investment Management LLC acquired a new position in Manhattan Associates in the second quarter worth $27,000. Finally, Contravisory Investment Management Inc. acquired a new position in Manhattan Associates in the first quarter worth $31,000. 98.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Manhattan Associates news, EVP James Stewart Gantt sold 6,000 shares of the 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 sale, the executive vice president now directly owns 46,287 shares in the company, valued at $11,872,615.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MANH. Loop Capital boosted their price objective on Manhattan Associates from $265.00 to $285.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Citigroup upped their price target on Manhattan Associates from $257.00 to $287.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. StockNews.com lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, DA Davidson upped their price target on Manhattan Associates from $260.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $264.57.

Manhattan Associates Trading Down 0.6 %

NASDAQ:MANH opened at $280.67 on Tuesday. Manhattan Associates, Inc. has a 1-year low of $182.97 and a 1-year high of $287.63. The business’s 50-day moving average price is $262.67 and its two-hundred day moving average price is $242.50. The firm has a market capitalization of $17.28 billion, a price-to-earnings ratio of 91.72 and a beta of 1.50.

Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, July 23rd. The software maker reported $1.18 earnings per share 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 firm had revenue of $265.30 million for the quarter, compared to analyst estimates of $255.83 million. During the same quarter in the prior year, the firm posted $0.63 earnings per share. The company’s quarterly revenue was up 14.8% on a year-over-year basis. Sell-side analysts predict that Manhattan Associates, Inc. will post 3.01 earnings per share for the current year.

Manhattan Associates 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.