Manhattan Associates, Inc. $MANH Shares Newly Purchased by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC acquired a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 21,095 shares of the software maker’s stock, valued at approximately $4,192,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Jacobi Capital Management LLC purchased a new stake in shares of Manhattan Associates in the third quarter worth approximately $52,000. NBH Bank purchased a new position in shares of Manhattan Associates during the second quarter valued at approximately $37,000. Versant Capital Management Inc boosted its position in shares of Manhattan Associates by 508.9% during the second quarter. Versant Capital Management Inc now owns 274 shares of the software maker’s stock valued at $38,000 after buying an additional 229 shares during the last quarter. Compass Wealth Management LLC purchased a new position in shares of Manhattan Associates during the third quarter valued at approximately $69,000. Finally, Root Financial Partners LLC bought a new stake in Manhattan Associates during the third quarter worth $71,000. 98.45% of the stock is owned by institutional investors.

Manhattan Associates Stock Performance

MANH opened at $258.86 on Thursday. Manhattan Associates, Inc. has a fifty-two week low of $119.06 and a fifty-two week high of $263.47. The firm has a 50-day moving average of $222.62 and a 200 day moving average of $170.04. The firm has a market cap of $15.03 billion, a P/E ratio of 72.51 and a beta of 0.85.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data on Tuesday, October 27th. The software maker reported $1.55 EPS for the quarter, topping the consensus estimate of $1.46 by $0.09. The business had revenue of $306.19 million for the quarter, compared to analyst estimates of $297.01 million. Manhattan Associates had a net margin of 18.41% and a return on equity of 98.67%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.36 earnings per share. Equities research analysts predict that Manhattan Associates, Inc. will post 3.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MANH shares. DA Davidson increased their price target on Manhattan Associates from $210.00 to $230.00 and gave the company a “neutral” rating in a research report on Wednesday, October 28th. Barclays lifted their price objective on shares of Manhattan Associates from $239.00 to $275.00 and gave the stock an “overweight” rating in a report on Monday, November 2nd. UBS Group set a $305.00 price objective on shares of Manhattan Associates in a report on Wednesday, October 28th. Weiss Ratings upgraded shares of Manhattan Associates from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 2nd. Finally, Morgan Stanley upgraded shares of Manhattan Associates from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $180.00 to $250.00 in a report on Monday, October 12th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Manhattan Associates currently has an average rating of “Moderate Buy” and a consensus target price of $261.11.

Insider Buying and Selling at Manhattan Associates

In other news, Director Linda Hollembaek sold 1,315 shares of the firm’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $250.00, for a total transaction of $328,750.00. Following the completion of the sale, the director owned 10,953 shares in the company, valued at $2,738,250. This trade represents a 10.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.84% of the stock is owned by corporate insiders.

Manhattan Associates Company Profile

Manhattan Associates (NASDAQ: MANH) develops software and provides services that help businesses manage supply chains, inventory and commerce operations. Its solutions support activities such as warehouse and transportation management, order fulfillment, labor management and coordination of sales across online and physical channels. The company’s product portfolio includes Manhattan Active, a cloud-native platform designed to connect supply chain and omnichannel commerce functions. Manhattan Associates serves organizations across industries including retail, manufacturing, wholesale distribution and consumer goods, with customers and operations in markets around the world.