Tower Research Capital LLC TRC trimmed its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH – Free Report) by 45.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,694 shares of the software maker’s stock after selling 2,213 shares during the period. Tower Research Capital LLC TRC’s holdings in Manhattan Associates were worth $417,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently bought and sold shares of the business. GW&K Investment Management LLC raised its position in Manhattan Associates by 2.9% during the first quarter. GW&K Investment Management LLC now owns 696,782 shares of the software maker’s stock valued at $107,897,000 after buying an additional 19,441 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Manhattan Associates by 0.3% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,148 shares of the software maker’s stock valued at $4,359,000 after buying an additional 78 shares during the period. Convergence Investment Partners LLC acquired a new position in Manhattan Associates in the 1st quarter worth about $329,000. Russell Investments Group Ltd. increased its position in Manhattan Associates by 14.5% in the 1st quarter. Russell Investments Group Ltd. now owns 83,832 shares of the software maker’s stock worth $12,788,000 after purchasing an additional 10,603 shares during the last quarter. Finally, Braun Stacey Associates Inc. increased its position in Manhattan Associates by 135.2% in the 1st quarter. Braun Stacey Associates Inc. now owns 214,904 shares of the software maker’s stock worth $33,278,000 after purchasing an additional 123,552 shares during the last quarter. 97.09% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Manhattan Associates news, Director Linda T. Hollembaek sold 1,800 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $190.00, for a total value of $342,000.00. Following the completion of the sale, the director now owns 11,747 shares in the company, valued at approximately $2,231,930. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Manhattan Associates news, Director Linda T. Hollembaek sold 1,800 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $190.00, for a total value of $342,000.00. Following the completion of the sale, the director now owns 11,747 shares in the company, valued at approximately $2,231,930. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Edmond Eger sold 1,885 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $189.45, for a total value of $357,113.25. Following the completion of the transaction, the director now directly owns 12,385 shares of the company’s stock, valued at $2,346,338.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,206 shares of company stock worth $1,685,274. 0.85% of the stock is currently owned by company insiders.
Manhattan Associates Stock Up 1.7 %
Manhattan Associates (NASDAQ:MANH – Get Free Report) last announced its earnings results on Tuesday, July 25th. The software maker reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.13. Manhattan Associates had a return on equity of 75.18% and a net margin of 17.21%. The firm had revenue of $231.02 million during the quarter, compared to the consensus estimate of $216.43 million. Analysts anticipate that Manhattan Associates, Inc. will post 2.17 EPS for the current year.
Wall Street Analyst Weigh In
Several brokerages have weighed in on MANH. StockNews.com began coverage on Manhattan Associates in a research report on Thursday, August 17th. They issued a “buy” rating on the stock. DA Davidson upped their target price on Manhattan Associates from $160.00 to $175.00 in a research report on Wednesday, July 26th. Truist Financial upped their target price on Manhattan Associates from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Rosenblatt Securities increased their price objective on Manhattan Associates from $160.00 to $196.00 and gave the company a “neutral” rating in a report on Wednesday, July 26th. Finally, Raymond James increased their price objective on Manhattan Associates from $165.00 to $214.00 and gave the company an “outperform” rating in a report on Wednesday, July 26th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $206.50.
Read Our Latest Stock Analysis on Manhattan Associates
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 Manhattan SCALE, a portfolio of logistics execution solutions that provide trading partner management, yard management, optimization, warehouse management, and transportation execution services; and Manhattan Active, a set of enterprise and omnichannel solution, which include enterprise solutions and omnichannel solutions for store.
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