Manhattan Associates, Inc. (NASDAQ:MANH) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lessened its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 25.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,228 shares of the software maker’s stock after selling 764 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Manhattan Associates were worth $322,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sowell Financial Services LLC lifted its stake in shares of Manhattan Associates by 1,090.9% during the first quarter. Sowell Financial Services LLC now owns 262 shares of the software maker’s stock worth $35,000 after purchasing an additional 240 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in shares of Manhattan Associates during the second quarter worth about $48,000. Fifth Third Bancorp lifted its stake in shares of Manhattan Associates by 267.8% during the first quarter. Fifth Third Bancorp now owns 331 shares of the software maker’s stock worth $39,000 after purchasing an additional 241 shares in the last quarter. Godsey & Gibb Associates acquired a new position in shares of Manhattan Associates during the first quarter worth about $42,000. Finally, Van ECK Associates Corp acquired a new position in shares of Manhattan Associates during the first quarter worth about $49,000. Institutional investors own 96.61% of the company’s stock.

In other news, Director John J. Huntz, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 4th. The stock was sold at an average price of $162.33, for a total transaction of $811,650.00. Following the completion of the transaction, the director now directly owns 64,808 shares of the company’s stock, valued at $10,520,282.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas E. Noonan sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, August 27th. The shares were sold at an average price of $165.66, for a total value of $3,313,200.00. Following the transaction, the director now directly owns 107,969 shares of the company’s stock, valued at $17,886,144.54. The disclosure for this sale can be found here. 0.77% of the stock is owned by insiders.

Several research firms recently commented on MANH. Truist boosted their price target on Manhattan Associates from $172.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, August 30th. Rosenblatt Securities boosted their price target on Manhattan Associates from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, July 28th. Zacks Investment Research upgraded Manhattan Associates from a “hold” rating to a “buy” rating and set a $179.00 price target on the stock in a research note on Tuesday, August 3rd. Benchmark boosted their price target on Manhattan Associates from $165.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, August 30th. Finally, TheStreet cut Manhattan Associates from a “b” rating to a “c+” rating in a research note on Tuesday. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $177.71.

Shares of Manhattan Associates stock opened at $160.56 on Friday. The firm has a market cap of $10.18 billion, a P/E ratio of 104.26 and a beta of 1.98. Manhattan Associates, Inc. has a fifty-two week low of $83.74 and a fifty-two week high of $167.75. The business has a 50-day moving average price of $158.68 and a 200 day moving average price of $141.37.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data on Monday, July 26th. The software maker reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.18. The firm had revenue of $166.11 million during the quarter, compared to analyst estimates of $156.98 million. Manhattan Associates had a return on equity of 46.33% and a net margin of 15.93%. Manhattan Associates’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 earnings per share. On average, equities analysts anticipate that Manhattan Associates, Inc. will post 1.49 EPS for the current year.

About Manhattan Associates

Manhattan Associates, Inc engages in designing, building and delivering supply chain commerce solutions by converging front-end sales with back-end supply chain. It operates through the following geographical segments: The Americas, Europe, Middle East and Africa and Asia Pacific. The company was founded by Deepak Raghavan in October 1990 and is headquartered in Atlanta, GA.

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Institutional Ownership by Quarter for Manhattan Associates (NASDAQ:MANH)

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