Sanctuary Advisors LLC Invests $541,000 in Manhattan Associates, Inc. $MANH

Sanctuary Advisors LLC 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 & Exchange Commission. The institutional investor acquired 3,882 shares of the software maker’s stock, valued at approximately $541,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd boosted its holdings in Manhattan Associates by 448.0% in the 3rd 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 bought a new position in shares of Manhattan Associates during the 4th quarter worth about $39,000. TD Private Client Wealth LLC increased its holdings in shares of Manhattan Associates by 83.8% during the 4th quarter. TD Private Client Wealth LLC now owns 239 shares of the software maker’s stock worth $41,000 after purchasing an additional 109 shares during the period. Leonteq Securities AG acquired a new position in shares of Manhattan Associates during the fourth quarter valued at about $44,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Manhattan Associates during the fourth quarter valued at about $49,000. Institutional investors own 98.45% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Morgan Stanley set a $180.00 target price on Manhattan Associates in a research report on Wednesday, July 29th. Stifel Nicolaus upped their price target on Manhattan Associates from $200.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. DA Davidson raised their price objective on Manhattan Associates from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Weiss Ratings raised Manhattan Associates from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 14th. Finally, Wall Street Zen lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $213.40.

Manhattan Associates Price Performance

Manhattan Associates stock opened at $223.28 on Friday. The company has a market capitalization of $13.02 billion, a PE ratio of 63.98 and a beta of 0.93. Manhattan Associates, Inc. has a one year low of $119.06 and a one year high of $227.03. The business has a 50 day simple moving average of $173.96 and a 200 day simple moving average of $151.13.

Manhattan Associates (NASDAQ:MANH) last announced 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 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 analyst estimates of $289.03 million. During the same quarter in the previous year, the firm earned $1.31 EPS. Manhattan Associates’s quarterly revenue was up 9.3% on a year-over-year basis. Equities analysts anticipate that Manhattan Associates, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Manhattan Associates

In related news, EVP James Stewart Gantt sold 5,139 shares of the stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $195.53, for a total transaction of $1,004,828.67. Following the completion of the sale, the executive vice president owned 55,676 shares in the company, valued at $10,886,328.28. This trade represents a 8.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Eric Andrew Clark sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $197.76, for a total transaction of $593,280.00. Following the completion of the transaction, the chief executive officer owned 89,638 shares in the company, valued at approximately $17,726,810.88. This trade represents a 3.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,139 shares of company stock worth $1,744,879 in the last 90 days. 0.84% of the stock is owned by corporate insiders.

About Manhattan Associates

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.