3,870 Shares in Manhattan Associates, Inc. (NASDAQ:MANH) Acquired by Duality Advisers LP

Duality Advisers LP purchased a new position in Manhattan Associates, Inc. (NASDAQ:MANH) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,870 shares of the software maker’s stock, valued at approximately $833,000.

A number of other large investors also recently added to or reduced their stakes in MANH. Teachers Retirement System of The State of Kentucky increased its position in shares of Manhattan Associates by 59.9% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 21,612 shares of the software maker’s stock valued at $4,271,000 after purchasing an additional 8,094 shares during the last quarter. Highland Capital Management LLC bought a new position in shares of Manhattan Associates during the 4th quarter valued at approximately $1,142,000. Redhawk Wealth Advisors Inc. bought a new position in Manhattan Associates in the 4th quarter valued at $1,050,000. Meeder Asset Management Inc. bought a new position in Manhattan Associates in the 4th quarter valued at $2,039,000. Finally, Louisiana State Employees Retirement System bought a new position in Manhattan Associates in the 4th quarter valued at $3,725,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on MANH. Raymond James upped their price objective on Manhattan Associates from $214.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. DA Davidson raised Manhattan Associates from a “neutral” rating to a “buy” rating and upped their price objective for the company from $220.00 to $240.00 in a research report on Thursday. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $225.00 price objective on shares of Manhattan Associates in a research report on Wednesday. Citigroup dropped their price target on Manhattan Associates from $260.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Truist Financial increased their price target on Manhattan Associates from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $234.86.

Insider Activity

In other news, CEO Eddie Capel sold 10,897 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $247.73, for a total value of $2,699,513.81. Following the transaction, the chief executive officer now directly owns 242,153 shares of the company’s stock, valued at $59,988,562.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Manhattan Associates news, EVP James Stewart Gantt sold 680 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $248.84, for a total value of $169,211.20. Following the sale, the executive vice president now directly owns 57,093 shares of the company’s stock, valued at $14,207,022.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Eddie Capel sold 10,897 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $247.73, for a total value of $2,699,513.81. Following the completion of the sale, the chief executive officer now directly owns 242,153 shares in the company, valued at $59,988,562.69. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.

Manhattan Associates Price Performance

Shares of NASDAQ MANH opened at $206.32 on Thursday. The stock has a market capitalization of $12.70 billion, a P/E ratio of 67.43 and a beta of 1.44. Manhattan Associates, Inc. has a 1-year low of $152.32 and a 1-year high of $266.94. The business has a fifty day moving average price of $245.97 and a 200 day moving average price of $227.06.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings results on Tuesday, January 30th. The software maker reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.23. Manhattan Associates had a return on equity of 87.22% and a net margin of 19.91%. The company had revenue of $238.26 million during the quarter, compared to analysts’ expectations of $223.99 million. As a group, equities research analysts anticipate that Manhattan Associates, Inc. will post 2.78 earnings per share for the current fiscal 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.