3,384 Shares in Manhattan Associates, Inc. (NASDAQ:MANH) Bought by Circle Wealth Management LLC

Circle Wealth Management LLC purchased a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,384 shares of the software maker’s stock, valued at approximately $952,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Innealta Capital LLC bought a new position in shares of Manhattan Associates in the second quarter valued at $26,000. International Assets Investment Management LLC bought a new stake in Manhattan Associates during the 2nd quarter worth approximately $27,000. DT Investment Partners LLC purchased a new stake in shares of Manhattan Associates in the second quarter worth approximately $31,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Manhattan Associates in the second quarter valued at approximately $31,000. Finally, Capital Performance Advisors LLP bought a new stake in Manhattan Associates during the third quarter worth $34,000. 98.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MANH shares. Citigroup increased their price target on Manhattan Associates from $257.00 to $287.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Robert W. Baird lifted their target price on Manhattan Associates from $263.00 to $304.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. DA Davidson increased their price target on shares of Manhattan Associates from $285.00 to $315.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Raymond James raised their price objective on shares of Manhattan Associates from $255.00 to $305.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, Loop Capital increased their target price on shares of Manhattan Associates from $265.00 to $285.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Manhattan Associates currently has a consensus rating of “Moderate Buy” and a consensus price target of $290.78.

Insiders Place Their Bets

In related news, EVP James Stewart Gantt sold 3,475 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $288.10, for a total value of $1,001,147.50. Following the completion of the transaction, the executive vice president now directly owns 42,812 shares in the company, valued at $12,334,137.20. This trade represents a 7.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.72% of the company’s stock.

Manhattan Associates Stock Performance

NASDAQ:MANH opened at $285.44 on Friday. Manhattan Associates, Inc. has a fifty-two week low of $199.23 and a fifty-two week high of $307.50. The business has a 50 day moving average price of $282.27 and a 200-day moving average price of $256.35. The firm has a market cap of $17.43 billion, a PE ratio of 81.09 and a beta of 1.52.

Manhattan Associates (NASDAQ:MANH) last posted its earnings results on Tuesday, October 22nd. The software maker reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $262.90 million. During the same period in the prior year, the business posted $0.79 earnings per share. Manhattan Associates’s revenue for the quarter was up 11.9% on a year-over-year basis. Research analysts predict that Manhattan Associates, Inc. will post 3.4 EPS for the current year.

Manhattan Associates Company 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.