Huntington National Bank Buys 49 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Huntington National Bank increased its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 879 shares of the software maker’s stock after purchasing an additional 49 shares during the quarter. Huntington National Bank’s holdings in Manhattan Associates were worth $247,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in shares of Manhattan Associates by 47.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,186 shares of the software maker’s stock worth $334,000 after buying an additional 382 shares in the last quarter. Boston Trust Walden Corp increased its position in Manhattan Associates by 3.3% during the 2nd quarter. Boston Trust Walden Corp now owns 109,542 shares of the software maker’s stock valued at $27,022,000 after purchasing an additional 3,525 shares during the period. Mediolanum International Funds Ltd raised its holdings in shares of Manhattan Associates by 602.0% in the 3rd quarter. Mediolanum International Funds Ltd now owns 20,042 shares of the software maker’s stock valued at $5,607,000 after purchasing an additional 17,187 shares in the last quarter. Chartwell Investment Partners LLC lifted its position in shares of Manhattan Associates by 31.1% in the 3rd quarter. Chartwell Investment Partners LLC now owns 21,557 shares of the software maker’s stock worth $6,065,000 after purchasing an additional 5,119 shares during the period. Finally, M&G Plc increased its holdings in Manhattan Associates by 2.1% during the second quarter. M&G Plc now owns 316,243 shares of the software maker’s stock valued at $78,112,000 after buying an additional 6,511 shares during the period. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on MANH. Loop Capital increased their target price on Manhattan Associates from $265.00 to $285.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Truist Financial lifted their target price on Manhattan Associates from $275.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Raymond James raised their price target on shares of Manhattan Associates from $255.00 to $305.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. StockNews.com lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, DA Davidson raised 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. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Manhattan Associates presently has a consensus rating of “Moderate Buy” and an average target price of $286.38.

Manhattan Associates Trading Down 2.5 %

NASDAQ:MANH opened at $272.62 on Friday. The firm has a fifty day simple moving average of $279.80 and a 200-day simple moving average of $252.45. Manhattan Associates, Inc. has a 12 month low of $199.23 and a 12 month high of $307.50. The company has a market capitalization of $16.65 billion, a P/E ratio of 77.45 and a beta of 1.52.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Tuesday, October 22nd. The software maker reported $1.35 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $262.90 million. During the same quarter in the previous year, the business earned $0.79 EPS. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. Equities analysts forecast that Manhattan Associates, Inc. will post 3.4 EPS for the current year.

Manhattan Associates Company 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.