Toronto Dominion Bank Boosts Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Toronto Dominion Bank boosted its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 30.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 7,842 shares of the software maker’s stock after purchasing an additional 1,850 shares during the quarter. Toronto Dominion Bank’s holdings in Manhattan Associates were worth $2,207,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Manhattan Associates by 15.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,080 shares of the software maker’s stock valued at $513,000 after buying an additional 280 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Manhattan Associates by 26.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,348 shares of the software maker’s stock valued at $1,319,000 after purchasing an additional 1,105 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Manhattan Associates by 238.4% in the 2nd quarter. Blue Trust Inc. now owns 555 shares of the software maker’s stock worth $139,000 after purchasing an additional 391 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of Manhattan Associates by 16.9% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 3,872 shares of the software maker’s stock worth $955,000 after purchasing an additional 560 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Manhattan Associates by 226.8% during the second quarter. First Horizon Advisors Inc. now owns 232 shares of the software maker’s stock valued at $57,000 after purchasing an additional 161 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Manhattan Associates Price Performance

NASDAQ:MANH opened at $298.17 on Monday. The firm has a market capitalization of $18.21 billion, a price-to-earnings ratio of 84.71 and a beta of 1.50. The business has a fifty day moving average price of $286.25 and a 200-day moving average price of $262.54. Manhattan Associates, Inc. has a one year low of $199.23 and a one year high of $312.60.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings results on Tuesday, October 22nd. The software maker reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.29. Manhattan Associates had a return on equity of 84.55% and a net margin of 21.38%. The business had revenue of $266.70 million during the quarter, compared to analysts’ expectations of $262.90 million. During the same quarter in the prior year, the business posted $0.79 earnings per share. The business’s quarterly revenue was up 11.9% on a year-over-year basis. On average, equities research analysts expect that Manhattan Associates, Inc. will post 3.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP James Stewart Gantt sold 3,475 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $288.10, for a total transaction of $1,001,147.50. Following the completion of the sale, the executive vice president now owns 42,812 shares in the company, valued at approximately $12,334,137.20. This trade represents a 7.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Bruce Richards sold 4,150 shares of Manhattan Associates stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $289.73, for a total value of $1,202,379.50. Following the sale, the senior vice president now directly owns 22,086 shares in the company, valued at $6,398,976.78. This trade represents a 15.82 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MANH shares. Robert W. Baird boosted their target price on Manhattan Associates from $263.00 to $304.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Loop Capital increased their price objective on shares of Manhattan Associates from $265.00 to $285.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Raymond James raised their target price on shares of Manhattan Associates from $255.00 to $305.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. DA Davidson boosted their target price on shares of Manhattan Associates from $285.00 to $315.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Citigroup raised their price target on Manhattan Associates from $257.00 to $287.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $290.78.

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.