Natixis Investment Managers International Makes New $62,000 Investment in Manhattan Associates, Inc. (NASDAQ:MANH)

Natixis Investment Managers International bought a new position in Manhattan Associates, Inc. (NASDAQ:MANH) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 249 shares of the software maker’s stock, valued at approximately $62,000.

A number of other institutional investors have also added to or reduced their stakes in MANH. Norges Bank bought a new position in shares of Manhattan Associates during the 4th quarter valued at about $146,984,000. TD Asset Management Inc increased its position in shares of Manhattan Associates by 234.2% during the 4th quarter. TD Asset Management Inc now owns 549,308 shares of the software maker’s stock valued at $118,277,000 after purchasing an additional 384,941 shares during the last quarter. M&G Plc bought a new position in shares of Manhattan Associates during the 1st quarter valued at about $77,433,000. Epoch Investment Partners Inc. increased its position in shares of Manhattan Associates by 110.6% during the 4th quarter. Epoch Investment Partners Inc. now owns 369,352 shares of the software maker’s stock valued at $79,529,000 after purchasing an additional 193,951 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Manhattan Associates by 16.8% during the 4th quarter. Franklin Resources Inc. now owns 872,966 shares of the software maker’s stock valued at $187,967,000 after purchasing an additional 125,541 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MANH. William Blair restated a “market perform” rating on shares of Manhattan Associates in a research report on Wednesday, April 24th. Rosenblatt Securities restated a “neutral” rating and set a $225.00 price target on shares of Manhattan Associates in a research report on Wednesday, April 24th. Loop Capital raised their price target on Manhattan Associates from $250.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday. Citigroup raised their price target on Manhattan Associates from $220.00 to $257.00 and gave the stock a “neutral” rating in a research report on Friday, June 28th. Finally, DA Davidson raised their price target on Manhattan Associates from $260.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Manhattan Associates presently has a consensus rating of “Moderate Buy” and a consensus price target of $257.43.

Manhattan Associates Trading Down 1.2 %

NASDAQ MANH traded down $2.96 on Thursday, hitting $246.87. The company’s stock had a trading volume of 1,080,050 shares, compared to its average volume of 424,472. Manhattan Associates, Inc. has a 52-week low of $182.97 and a 52-week high of $266.94. The company’s 50-day simple moving average is $232.77 and its 200 day simple moving average is $234.07. The firm has a market cap of $15.20 billion, a P/E ratio of 80.68 and a beta of 1.50.

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

About Manhattan Associates

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.