First National Bank of Omaha Purchases Shares of 8,486 Manhattan Associates, Inc. $MANH

First National Bank of Omaha purchased a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,486 shares of the software maker’s stock, valued at approximately $1,182,000.

A number of other hedge funds have also recently made changes to their positions in MANH. NewEdge Advisors LLC raised its position in Manhattan Associates by 3.3% in the 2nd quarter. NewEdge Advisors LLC now owns 1,852 shares of the software maker’s stock worth $366,000 after purchasing an additional 59 shares during the period. Tower Research Capital LLC TRC lifted its stake in Manhattan Associates by 2.6% in the third quarter. Tower Research Capital LLC TRC now owns 2,708 shares of the software maker’s stock worth $555,000 after purchasing an additional 69 shares during the last quarter. Covestor Ltd boosted its position in Manhattan Associates by 12.2% during the fourth quarter. Covestor Ltd now owns 670 shares of the software maker’s stock valued at $116,000 after buying an additional 73 shares during the period. Verdence Capital Advisors LLC boosted its position in Manhattan Associates by 3.4% during the fourth quarter. Verdence Capital Advisors LLC now owns 2,322 shares of the software maker’s stock valued at $402,000 after buying an additional 76 shares during the period. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Manhattan Associates by 1.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 6,369 shares of the software maker’s stock valued at $1,104,000 after buying an additional 80 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

Manhattan Associates Trading Up 3.8%

MANH stock opened at $205.99 on Thursday. The stock has a market capitalization of $12.01 billion, a price-to-earnings ratio of 59.02 and a beta of 0.93. The firm’s 50-day moving average price is $162.93 and its two-hundred day moving average price is $147.58. Manhattan Associates, Inc. has a 12-month low of $119.06 and a 12-month high of $220.31.

Manhattan Associates (NASDAQ:MANH) last posted its earnings results on Tuesday, July 28th. The software maker reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.07. The company had revenue of $297.79 million during the quarter, compared to analyst estimates 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 for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.31 earnings per share. Equities analysts predict that Manhattan Associates, Inc. will post 3.87 EPS for the current year.

Analyst Ratings Changes

MANH has been the topic of several analyst reports. Wall Street Zen downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Morgan Stanley set a $180.00 target price on Manhattan Associates in a report on Wednesday, July 29th. Weiss Ratings upgraded Manhattan Associates from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 14th. Stifel Nicolaus lifted their price target on Manhattan Associates from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Finally, Robert W. Baird boosted their price objective on Manhattan Associates from $186.00 to $218.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Manhattan Associates presently has a consensus rating of “Moderate Buy” and a consensus target price of $209.20.

Insider Buying and Selling

In other Manhattan Associates news, CEO Eric Andrew Clark sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $197.76, for a total value of $593,280.00. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP James Stewart Gantt sold 5,139 shares of Manhattan Associates stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 55,676 shares in the company, valued at approximately $10,886,328.28. This represents a 8.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,139 shares of company stock valued at $1,744,879 in the last ninety days. 0.84% of the stock is currently owned by corporate insiders.

Manhattan Associates Company 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.