Epoch Investment Partners Inc. Reduces Holdings in Manhattan Associates, Inc. $MANH

Epoch Investment Partners Inc. lessened its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 11.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 460,461 shares of the software maker’s stock after selling 61,921 shares during the quarter. Epoch Investment Partners Inc. owned about 0.78% of Manhattan Associates worth $61,297,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in MANH. Eagle Bay Advisors LLC acquired a new position in Manhattan Associates during the fourth quarter worth $27,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Manhattan Associates by 448.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock valued at $28,000 after buying an additional 112 shares in the last quarter. BNP Paribas acquired a new stake in shares of Manhattan Associates in the fourth quarter valued at $39,000. TD Private Client Wealth LLC raised its holdings in shares of Manhattan Associates by 83.8% in the 4th quarter. TD Private Client Wealth LLC now owns 239 shares of the software maker’s stock valued at $41,000 after buying an additional 109 shares during the period. Finally, V Square Quantitative Management LLC purchased a new stake in shares of Manhattan Associates in the 4th quarter valued at $44,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on MANH shares. Weiss Ratings raised shares of Manhattan Associates from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 14th. Barclays reduced their target price on shares of Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Rothschild & Co Redburn set a $145.00 price target on shares of Manhattan Associates in a research report on Thursday, April 16th. DA Davidson reiterated a “buy” rating and issued a $200.00 price objective on shares of Manhattan Associates in a research note on Wednesday, May 20th. Finally, Robert W. Baird boosted their target price on Manhattan Associates from $183.00 to $186.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Manhattan Associates has an average rating of “Moderate Buy” and a consensus price target of $201.00.

Insider Activity

In related news, CEO Eric Andrew Clark sold 1,000 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $146.77, for a total value of $146,770.00. Following the transaction, the chief executive officer directly owned 92,638 shares of the company’s stock, valued at $13,596,479.26. This trade represents a 1.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.84% of the company’s stock.

Manhattan Associates Stock Performance

MANH opened at $151.67 on Friday. Manhattan Associates, Inc. has a one year low of $119.06 and a one year high of $229.57. The company has a market cap of $8.97 billion, a P/E ratio of 42.48 and a beta of 0.97. The business’s 50-day simple moving average is $145.84 and its 200-day simple moving average is $145.09.

Manhattan Associates (NASDAQ:MANH) last posted its earnings results on Tuesday, April 21st. The software maker reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.14. The firm had revenue of $282.21 million during the quarter, compared to analysts’ expectations of $273.70 million. Manhattan Associates had a return on equity of 78.13% and a net margin of 19.68%.The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.19 earnings per share. As a group, analysts predict that Manhattan Associates, Inc. will post 3.77 earnings per share for the current fiscal year.

About Manhattan Associates

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.