Manhattan Associates, Inc. (NASDAQ:MANH) Stake Increased by Natixis

Natixis grew its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 29,628.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,890 shares of the software maker’s stock after purchasing an additional 33,776 shares during the period. Natixis owned approximately 0.06% of Manhattan Associates worth $8,480,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Lindbrook Capital LLC lifted its holdings in shares of Manhattan Associates by 28.8% in the fourth quarter. Lindbrook Capital LLC now owns 206 shares of the software maker’s stock valued at $44,000 after purchasing an additional 46 shares in the last quarter. Accurate Wealth Management LLC raised its holdings in shares of Manhattan Associates by 4.1% during the first quarter. Accurate Wealth Management LLC now owns 1,371 shares of the software maker’s stock worth $343,000 after acquiring an additional 54 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Manhattan Associates by 25.9% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the software maker’s stock worth $61,000 after acquiring an additional 58 shares in the last quarter. Janiczek Wealth Management LLC raised its holdings in shares of Manhattan Associates by 4.6% during the first quarter. Janiczek Wealth Management LLC now owns 1,492 shares of the software maker’s stock worth $373,000 after acquiring an additional 65 shares in the last quarter. Finally, QRG Capital Management Inc. raised its holdings in shares of Manhattan Associates by 3.4% during the fourth quarter. QRG Capital Management Inc. now owns 2,424 shares of the software maker’s stock worth $522,000 after acquiring an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Manhattan Associates Trading Down 1.2 %

Manhattan Associates stock traded down $2.96 during mid-day trading on Thursday, hitting $246.87. 1,080,050 shares of the company’s stock were exchanged, compared to its average volume of 424,472. The stock has a market cap of $15.20 billion, a P/E ratio of 80.68 and a beta of 1.50. Manhattan Associates, Inc. has a 1-year low of $182.97 and a 1-year high of $266.94. The stock has a 50 day moving average of $232.77 and a two-hundred day moving average of $234.07.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Tuesday, July 23rd. The software maker reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.22. The business had revenue of $265.30 million for the quarter, compared to analyst estimates of $255.83 million. Manhattan Associates had a return on equity of 84.36% and a net margin of 20.54%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 earnings per share. As a group, research analysts predict that Manhattan Associates, Inc. will post 2.72 EPS for the current fiscal year.

Analyst Ratings Changes

MANH has been the subject of several recent research reports. Loop Capital increased their price objective on Manhattan Associates from $250.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday. William Blair reiterated a “market perform” rating on shares of Manhattan Associates in a report on Wednesday, April 24th. DA Davidson increased their price objective on Manhattan Associates from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday. Redburn Atlantic started coverage on shares of Manhattan Associates in a research report on Tuesday, May 14th. They set a “buy” rating and a $260.00 target price on the stock. Finally, Citigroup increased their target price on shares of Manhattan Associates from $220.00 to $257.00 and gave the stock a “neutral” rating in a research report on Friday, June 28th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $257.43.

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.