Los Angeles Capital Management LLC Has $82.60 Million Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Los Angeles Capital Management LLC increased its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 383,622 shares of the software maker’s stock after acquiring an additional 16,556 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Manhattan Associates were worth $82,601,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Lindbrook Capital LLC increased its holdings in shares of Manhattan Associates by 28.8% during the 4th quarter. Lindbrook Capital LLC now owns 206 shares of the software maker’s stock worth $44,000 after acquiring an additional 46 shares during the last quarter. Capital Insight Partners LLC boosted its stake in Manhattan Associates by 0.4% in the 3rd quarter. Capital Insight Partners LLC now owns 15,161 shares of the software maker’s stock valued at $2,997,000 after purchasing an additional 57 shares during the period. Signaturefd LLC boosted its stake in Manhattan Associates by 4.7% in the 3rd quarter. Signaturefd LLC now owns 1,274 shares of the software maker’s stock valued at $252,000 after purchasing an additional 57 shares during the period. UMB Bank n.a. boosted its stake in Manhattan Associates by 25.9% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the software maker’s stock valued at $61,000 after purchasing an additional 58 shares during the period. Finally, Raleigh Capital Management Inc. boosted its stake in Manhattan Associates by 19.3% in the 3rd quarter. Raleigh Capital Management Inc. now owns 395 shares of the software maker’s stock valued at $78,000 after purchasing an additional 64 shares during the period. 98.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MANH shares. William Blair restated a “market perform” rating on shares of Manhattan Associates in a research note on Wednesday, April 24th. Raymond James boosted their price target on Manhattan Associates from $214.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. DA Davidson upgraded Manhattan Associates from a “neutral” rating to a “buy” rating and boosted their price target for the company from $220.00 to $240.00 in a research note on Thursday, April 25th. Truist Financial boosted their price target on Manhattan Associates from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $225.00 target price on shares of Manhattan Associates in a research report on Wednesday, April 24th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $234.86.

Insider Buying and Selling

In related news, EVP James Stewart Gantt sold 680 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $248.84, for a total transaction of $169,211.20. Following the completion of the sale, the executive vice president now directly owns 57,093 shares in the company, valued at approximately $14,207,022.12. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Eddie Capel sold 10,897 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $247.73, for a total transaction of $2,699,513.81. Following the completion of the sale, the chief executive officer now directly owns 242,153 shares in the company, valued at approximately $59,988,562.69. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP James Stewart Gantt sold 680 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $248.84, for a total value of $169,211.20. Following the completion of the transaction, the executive vice president now owns 57,093 shares of the company’s stock, valued at $14,207,022.12. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.

Manhattan Associates Stock Up 1.1 %

Shares of NASDAQ:MANH traded up $2.23 during trading on Thursday, reaching $210.00. 133,099 shares of the company traded hands, compared to its average volume of 390,459. The company’s 50 day moving average is $241.55 and its two-hundred day moving average is $226.98. The firm has a market capitalization of $12.93 billion, a PE ratio of 67.90 and a beta of 1.45. Manhattan Associates, Inc. has a 52 week low of $166.82 and a 52 week high of $266.94.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data on Tuesday, January 30th. The software maker reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.23. Manhattan Associates had a return on equity of 85.28% and a net margin of 19.91%. The business had revenue of $238.26 million during the quarter, compared to the consensus estimate of $223.99 million. As a group, research analysts anticipate that Manhattan Associates, Inc. will post 2.72 EPS for the current year.

About Manhattan Associates

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.