Raleigh Capital Management Inc. Has $142,000 Stock Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Raleigh Capital Management Inc. lifted its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 19.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 526 shares of the software maker’s stock after buying an additional 84 shares during the period. Raleigh Capital Management Inc.’s holdings in Manhattan Associates were worth $142,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. HB Wealth Management LLC acquired a new position in Manhattan Associates in the 4th quarter worth about $315,000. Merit Financial Group LLC bought a new stake in shares of Manhattan Associates during the fourth quarter worth about $436,000. West Coast Financial LLC increased its stake in shares of Manhattan Associates by 0.5% in the fourth quarter. West Coast Financial LLC now owns 42,369 shares of the software maker’s stock valued at $11,450,000 after buying an additional 207 shares during the period. Carolina Wealth Advisors LLC increased its stake in shares of Manhattan Associates by 342.9% in the fourth quarter. Carolina Wealth Advisors LLC now owns 784 shares of the software maker’s stock valued at $212,000 after buying an additional 607 shares during the period. Finally, Redhawk Wealth Advisors Inc. raised its holdings in Manhattan Associates by 3.9% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 5,273 shares of the software maker’s stock valued at $1,425,000 after buying an additional 198 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

Manhattan Associates Price Performance

NASDAQ MANH opened at $284.96 on Friday. The stock has a market capitalization of $17.41 billion, a P/E ratio of 80.95 and a beta of 1.52. The business has a 50 day simple moving average of $282.01 and a 200 day simple moving average of $270.90. Manhattan Associates, Inc. has a one year low of $205.12 and a one year high of $312.60.

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

Insider Buying and Selling

In related news, EVP James Stewart Gantt sold 3,475 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $288.10, for a total transaction of $1,001,147.50. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Bruce Richards sold 4,150 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $6,398,976.78. The trade was a 15.82 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on MANH shares. StockNews.com cut shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Piper Sandler began coverage on Manhattan Associates in a report on Monday, November 25th. They issued an “overweight” rating and a $326.00 price objective for the company. Truist Financial raised their target price on Manhattan Associates from $275.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Citigroup upped their price target on Manhattan Associates from $287.00 to $306.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Finally, DA Davidson raised their price objective on Manhattan Associates from $285.00 to $315.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $292.89.

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.