Landscape Capital Management L.L.C. Makes New Investment in Manhattan Associates, Inc. $MANH

Landscape Capital Management L.L.C. acquired a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,978 shares of the software maker’s stock, valued at approximately $972,000.

Other large investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Manhattan Associates by 72.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,245 shares of the software maker’s stock worth $2,124,000 after acquiring an additional 5,128 shares during the period. Goldman Sachs Group Inc. increased its position in Manhattan Associates by 9.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker’s stock valued at $86,532,000 after purchasing an additional 41,571 shares during the period. Empowered Funds LLC purchased a new position in Manhattan Associates during the 1st quarter valued at about $987,000. Focus Partners Wealth raised its holdings in shares of Manhattan Associates by 181.4% in the 1st quarter. Focus Partners Wealth now owns 2,400 shares of the software maker’s stock valued at $415,000 after purchasing an additional 1,547 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in shares of Manhattan Associates in the 2nd quarter valued at about $446,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Manhattan Associates Price Performance

MANH stock opened at $214.56 on Monday. The firm has a 50 day moving average of $165.78 and a 200 day moving average of $148.45. The stock has a market capitalization of $12.51 billion, a PE ratio of 61.48 and a beta of 0.93. Manhattan Associates, Inc. has a 52 week low of $119.06 and a 52 week high of $220.31.

Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, July 28th. The software maker reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.07. The company had revenue of $297.79 million for the quarter, compared to the consensus estimate of $289.03 million. Manhattan Associates had a net margin of 18.67% and a return on equity of 86.72%. Manhattan Associates’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.31 EPS. On average, equities research analysts expect that Manhattan Associates, Inc. will post 3.87 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP James Stewart Gantt sold 5,139 shares of the company’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $195.53, for a total value of $1,004,828.67. Following the transaction, the executive vice president directly owned 55,676 shares of the company’s stock, valued at $10,886,328.28. This represents a 8.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eric Andrew Clark sold 3,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer directly owned 89,638 shares in the company, valued at approximately $17,726,810.88. The trade was a 3.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,139 shares of company stock worth $1,744,879 over the last three months. Corporate insiders own 0.84% of the company’s stock.

Analysts Set New Price Targets

MANH has been the subject of a number of analyst reports. Weiss Ratings upgraded Manhattan Associates from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 14th. Robert W. Baird boosted their target price on shares of Manhattan Associates from $186.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Stifel Nicolaus increased their price target on shares of Manhattan Associates from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Citigroup raised their price target on shares of Manhattan Associates from $177.00 to $193.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Finally, Wall Street Zen downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Manhattan Associates currently has an average rating of “Moderate Buy” and an average price target of $209.20.

Manhattan Associates 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.