22,333 Shares in Manhattan Associates, Inc. $MANH Bought by Deutsche Bank AG

Deutsche Bank AG acquired a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 22,333 shares of the software maker’s stock, valued at approximately $3,110,000.

Other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 buying an additional 5,128 shares during the last quarter. Goldman Sachs Group Inc. increased its position in 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 during the 1st quarter valued at approximately $987,000. Focus Partners Wealth raised its stake in Manhattan Associates by 181.4% during the 1st quarter. Focus Partners Wealth now owns 2,400 shares of the software maker’s stock valued at $415,000 after acquiring an additional 1,547 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in shares of Manhattan Associates in the 2nd quarter valued at approximately $446,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MANH has been the topic of a number of recent research reports. Morgan Stanley set a $180.00 target price on Manhattan Associates in a report on Wednesday, July 29th. Citigroup lifted their price objective on shares of Manhattan Associates from $177.00 to $193.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Robert W. Baird boosted their price objective on shares of Manhattan Associates from $218.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday. Wall Street Zen cut shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Stifel Nicolaus lifted their target price on shares of Manhattan Associates from $200.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Manhattan Associates has a consensus rating of “Moderate Buy” and a consensus target price of $213.40.

Manhattan Associates Price Performance

Manhattan Associates stock opened at $215.89 on Thursday. Manhattan Associates, Inc. has a 1-year low of $119.06 and a 1-year high of $220.31. The company has a market cap of $12.59 billion, a PE ratio of 61.86 and a beta of 0.93. The stock’s 50 day moving average price is $170.31 and its 200 day moving average price is $150.07.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings data on Tuesday, July 28th. The software maker reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.07. Manhattan Associates had a return on equity of 86.72% and a net margin of 18.67%.The firm had revenue of $297.79 million during the quarter, compared to analysts’ expectations of $289.03 million. During the same quarter in the prior year, the business posted $1.31 earnings per share. Manhattan Associates’s revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts anticipate that Manhattan Associates, Inc. will post 3.87 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Eric Andrew Clark sold 3,000 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $197.76, for a total value of $593,280.00. Following the completion of the transaction, the chief executive officer owned 89,638 shares in the company, valued at $17,726,810.88. This trade represents a 3.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP James Stewart Gantt sold 5,139 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $195.53, for a total transaction of $1,004,828.67. Following the completion of the sale, the executive vice president owned 55,676 shares of the company’s stock, valued at $10,886,328.28. This trade represents a 8.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 9,139 shares of company stock worth $1,744,879. Corporate insiders own 0.84% of the company’s stock.

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.