Pacer Advisors Inc. Cuts Position in Manhattan Associates, Inc. $MANH

Pacer Advisors Inc. cut its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 9.8% in the 1st quarter, Holdings Channel reports. The fund owned 86,931 shares of the software maker’s stock after selling 9,482 shares during the quarter. Pacer Advisors Inc.’s holdings in Manhattan Associates were worth $11,572,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of Manhattan Associates by 5.3% during the 4th quarter. Geode Capital Management LLC now owns 1,753,909 shares of the software maker’s stock valued at $305,199,000 after purchasing an additional 88,005 shares during the last quarter. MUFG Securities EMEA plc purchased a new position in shares of Manhattan Associates during the 4th quarter valued at about $6,066,000. John G Ullman & Associates Inc. bought a new stake in Manhattan Associates in the 4th quarter worth approximately $2,106,000. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in Manhattan Associates by 30.6% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 187,555 shares of the software maker’s stock worth $32,505,000 after buying an additional 43,955 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Manhattan Associates by 771.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 63,117 shares of the software maker’s stock worth $10,939,000 after buying an additional 55,877 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

Insider Buying and Selling

In other news, EVP James Stewart Gantt sold 5,139 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $195.53, for a total value of $1,004,828.67. Following the transaction, the executive vice president owned 55,676 shares in the company, valued at approximately $10,886,328.28. This trade represents a 8.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Eric Andrew Clark sold 1,000 shares of Manhattan Associates stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $146.77, for a total transaction of $146,770.00. Following the completion of the transaction, the chief executive officer directly owned 92,638 shares in the company, valued at approximately $13,596,479.26. The trade was a 1.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.84% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on MANH. Stifel Nicolaus increased their price target on shares of Manhattan Associates from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. DA Davidson boosted their price objective on shares of Manhattan Associates from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Robert W. Baird boosted their price objective on shares of Manhattan Associates from $186.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Weiss Ratings raised shares of Manhattan Associates from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 14th. Finally, Morgan Stanley set a $180.00 target price on shares of Manhattan Associates 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 stock. According to MarketBeat.com, Manhattan Associates has an average rating of “Moderate Buy” and a consensus target price of $209.20.

Manhattan Associates Price Performance

Shares of MANH stock opened at $189.13 on Wednesday. The business has a 50-day moving average of $152.43 and a 200 day moving average of $145.47. Manhattan Associates, Inc. has a 1-year low of $119.06 and a 1-year high of $220.72. The stock has a market capitalization of $11.03 billion, a PE ratio of 54.19 and a beta of 0.93.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Tuesday, July 28th. The software maker reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.07. Manhattan Associates had a return on equity of 86.72% and a net margin of 18.67%.The business had revenue of $297.79 million for the quarter, compared to analysts’ expectations of $289.03 million. During the same period in the previous year, the firm earned $1.31 EPS. The business’s quarterly revenue was up 9.3% on a year-over-year basis. Analysts anticipate that Manhattan Associates, Inc. will post 3.87 EPS for the current year.

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.