Vestmark Advisory Solutions Inc. Sells 274 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Vestmark Advisory Solutions Inc. lowered its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,394 shares of the software maker’s stock after selling 274 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Manhattan Associates were worth $4,176,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. grew its holdings in shares of Manhattan Associates by 259.4% in the fourth quarter. Blue Trust Inc. now owns 115 shares of the software maker’s stock worth $25,000 after acquiring an additional 83 shares during the period. Bear Mountain Capital Inc. bought a new stake in shares of Manhattan Associates in the fourth quarter worth $26,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Manhattan Associates during the fourth quarter valued at about $26,000. Lindbrook Capital LLC grew its holdings in Manhattan Associates by 28.8% during the fourth quarter. Lindbrook Capital LLC now owns 206 shares of the software maker’s stock valued at $44,000 after purchasing an additional 46 shares during the period. Finally, UMB Bank n.a. grew its holdings in Manhattan Associates by 25.9% during the fourth 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. Institutional investors own 98.45% of the company’s stock.

Insider Buying and Selling

In related news, CEO Eddie Capel sold 10,897 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $247.73, for a total value of $2,699,513.81. Following the transaction, the chief executive officer now owns 242,153 shares of the company’s stock, valued at $59,988,562.69. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Manhattan Associates 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 owns 57,093 shares in the company, valued at $14,207,022.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 value of $2,699,513.81. Following the sale, the chief executive officer now owns 242,153 shares of the company’s stock, valued at approximately $59,988,562.69. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

Manhattan Associates Price Performance

Shares of MANH traded up $1.92 during mid-day trading on Friday, reaching $210.76. 331,805 shares of the company’s stock traded hands, compared to its average volume of 467,394. The stock has a market cap of $12.98 billion, a P/E ratio of 68.88 and a beta of 1.45. The stock’s 50-day moving average is $240.00 and its two-hundred day moving average is $226.89. Manhattan Associates, Inc. has a 12 month low of $166.82 and a 12 month 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 (EPS) 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 company had revenue of $238.26 million for the quarter, compared to analysts’ expectations of $223.99 million. Research analysts predict that Manhattan Associates, Inc. will post 2.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Manhattan Associates Profile

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.