Vise Technologies Inc. Acquires New Position in Manhattan Associates, Inc. $MANH

Vise Technologies Inc. acquired a new stake in Manhattan Associates, Inc. (NASDAQ:MANH) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,619 shares of the software maker’s stock, valued at approximately $365,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Manhattan Associates by 448.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock valued at $28,000 after purchasing an additional 112 shares during the period. BNP Paribas purchased a new position in Manhattan Associates during the 4th quarter worth $39,000. TD Private Client Wealth LLC raised its position in Manhattan Associates by 83.8% during the 4th quarter. TD Private Client Wealth LLC now owns 239 shares of the software maker’s stock valued at $41,000 after purchasing an additional 109 shares in the last quarter. Leonteq Securities AG bought a new stake in Manhattan Associates during the 4th quarter valued at $44,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Manhattan Associates in the 4th quarter worth $49,000. 98.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on MANH. Stifel Nicolaus raised their price target on Manhattan Associates from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Morgan Stanley set a $180.00 price objective on shares of Manhattan Associates in a research note on Wednesday, July 29th. Wall Street Zen downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Robert W. Baird boosted their price target on shares of Manhattan Associates from $186.00 to $218.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Finally, Barclays reduced their price target on shares of Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Manhattan Associates has an average rating of “Moderate Buy” and a consensus target price of $209.20.

Manhattan Associates Price Performance

MANH opened at $213.10 on Wednesday. The firm has a market capitalization of $12.43 billion, a PE ratio of 61.06 and a beta of 0.93. The business’s 50-day moving average is $168.64 and its two-hundred day moving average is $149.52. Manhattan Associates, Inc. has a 1 year low of $119.06 and a 1 year high of $220.31.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings results on Tuesday, July 28th. The software maker reported $1.39 EPS for the quarter, beating the consensus estimate of $1.32 by $0.07. Manhattan Associates had a net margin of 18.67% and a return on equity of 86.72%. The business had revenue of $297.79 million during the quarter, compared to analyst estimates of $289.03 million. During the same period in the prior year, the firm posted $1.31 earnings per share. The company’s quarterly revenue was up 9.3% on a year-over-year basis. As a group, sell-side analysts expect that Manhattan Associates, Inc. will post 3.87 EPS for the current year.

Insider Buying and Selling

In other Manhattan Associates news, CEO Eric Andrew Clark sold 3,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 89,638 shares in the company, valued at $17,726,810.88. This trade represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James Stewart Gantt sold 5,139 shares of Manhattan Associates stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $195.53, for a total transaction of $1,004,828.67. Following the completion of the transaction, the executive vice president directly owned 55,676 shares in the company, valued at $10,886,328.28. This represents a 8.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 9,139 shares of company stock valued at $1,744,879 in the last three months. 0.84% of the stock is currently owned by corporate insiders.

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.