Epoch Investment Partners Inc. Reduces Position in Manhattan Associates, Inc. $MANH

Epoch Investment Partners Inc. decreased its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 11.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 460,461 shares of the software maker’s stock after selling 61,921 shares during the period. Epoch Investment Partners Inc.’s holdings in Manhattan Associates were worth $61,297,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Manhattan Associates by 72.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,245 shares of the software maker’s stock valued at $2,124,000 after acquiring an additional 5,128 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Manhattan Associates by 9.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker’s stock valued at $86,532,000 after acquiring an additional 41,571 shares during the period. Empowered Funds LLC purchased a new stake in Manhattan Associates in the 1st quarter valued at $987,000. Focus Partners Wealth raised its position in Manhattan Associates by 181.4% in the 1st quarter. Focus Partners Wealth now owns 2,400 shares of the software maker’s stock valued at $415,000 after purchasing an additional 1,547 shares during the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in Manhattan Associates during the 2nd quarter worth $446,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Weiss Ratings raised shares of Manhattan Associates from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 14th. Rothschild & Co Redburn set a $145.00 price objective on Manhattan Associates in a research report on Thursday, April 16th. Stifel Nicolaus set a $200.00 target price on Manhattan Associates in a research note on Wednesday, May 20th. Robert W. Baird upped their price target on Manhattan Associates from $183.00 to $186.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Finally, Wall Street Zen downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $201.00.

Insider Transactions at Manhattan Associates

In other news, CEO Eric Andrew Clark sold 1,000 shares of Manhattan Associates stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $146.77, for a total transaction of $146,770.00. Following the completion of the sale, the chief executive officer directly owned 92,638 shares in the company, valued at approximately $13,596,479.26. This trade represents a 1.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.84% of the company’s stock.

Manhattan Associates Stock Up 2.9%

NASDAQ:MANH opened at $151.67 on Friday. The firm’s fifty day simple moving average is $145.84 and its 200-day simple moving average is $145.09. The stock has a market cap of $8.97 billion, a PE ratio of 42.48 and a beta of 0.97. Manhattan Associates, Inc. has a fifty-two week low of $119.06 and a fifty-two week high of $229.57.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data on Tuesday, April 21st. The software maker reported $1.24 EPS for the quarter, beating the consensus estimate of $1.10 by $0.14. The firm had revenue of $282.21 million during the quarter, compared to analysts’ expectations of $273.70 million. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.19 earnings per share. Equities analysts anticipate that Manhattan Associates, Inc. will post 3.77 earnings per share for the current year.

Manhattan Associates Company Profile

Manhattan Associates, Inc (NASDAQ: MANH) is a provider of supply chain and omnichannel commerce software solutions designed to optimize the flow of goods, information and funds across enterprise operations. Its flagship offerings include warehouse management, transportation management, order management and omnichannel fulfillment applications. These solutions are delivered through a cloud-native platform called Manhattan Active, which enables retailers, manufacturers, carriers and third-party logistics providers to orchestrate inventory, manage distribution and improve customer service in real time.

Key product areas include Manhattan Active Warehouse Management, which automates and optimizes warehouse operations from receiving through shipping; Manhattan Active Transportation Management, supporting carrier selection, routing and freight payment; and Manhattan Active Omni, which unifies order capture, inventory visibility and fulfillment across stores, distribution centers and e-commerce channels.