Quantinno Capital Management LP Purchases 2,305 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Quantinno Capital Management LP grew its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 4.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,371 shares of the software maker’s stock after purchasing an additional 2,305 shares during the quarter. Quantinno Capital Management LP owned approximately 0.09% of Manhattan Associates worth $14,736,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Innealta Capital LLC bought a new position in Manhattan Associates during the second quarter worth $26,000. International Assets Investment Management LLC bought a new position in Manhattan Associates during the second quarter worth $27,000. DT Investment Partners LLC bought a new position in Manhattan Associates during the second quarter worth $31,000. Ashton Thomas Private Wealth LLC bought a new position in Manhattan Associates during the second quarter worth $31,000. Finally, Capital Performance Advisors LLP bought a new position in Manhattan Associates during the third quarter worth $34,000. 98.45% of the stock is owned by institutional investors.

Insider Activity at Manhattan Associates

In other news, SVP Bruce Richards sold 4,150 shares of Manhattan Associates stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $289.73, for a total value of $1,202,379.50. Following the completion of the transaction, the senior vice president now owns 22,086 shares of the company’s stock, valued at $6,398,976.78. The trade was a 15.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James Stewart Gantt sold 3,475 shares of Manhattan Associates stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $288.10, for a total value of $1,001,147.50. Following the completion of the transaction, the executive vice president now directly owns 42,812 shares of the company’s stock, valued at approximately $12,334,137.20. This represents a 7.51 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by company insiders.

Manhattan Associates Stock Up 2.1 %

Shares of NASDAQ MANH opened at $303.33 on Thursday. Manhattan Associates, Inc. has a 52 week low of $199.23 and a 52 week high of $307.50. The firm’s fifty day moving average is $282.79 and its 200 day moving average is $258.27. The company has a market cap of $18.53 billion, a price-to-earnings ratio of 86.17 and a beta of 1.50.

Manhattan Associates (NASDAQ:MANH) last issued its earnings results on Tuesday, October 22nd. The software maker reported $1.35 EPS for the quarter, topping the consensus estimate of $1.06 by $0.29. The company had revenue of $266.70 million for the quarter, compared to the consensus estimate of $262.90 million. Manhattan Associates had a net margin of 21.38% and a return on equity of 84.55%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.79 earnings per share. Equities research analysts anticipate that Manhattan Associates, Inc. will post 3.39 earnings per share for the current year.

Analyst Ratings Changes

MANH has been the topic of several research analyst reports. DA Davidson increased their target price on shares of Manhattan Associates from $285.00 to $315.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Robert W. Baird upped their price objective on shares of Manhattan Associates from $263.00 to $304.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Truist Financial upped their price objective on shares of Manhattan Associates from $275.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, October 11th. 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. Finally, Piper Sandler initiated coverage on shares of Manhattan Associates in a report on Monday, November 25th. They set an “overweight” rating and a $326.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Manhattan Associates currently has a consensus rating of “Moderate Buy” and an average target price of $290.78.

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.