Stephens Inc. AR Sells 126 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Stephens Inc. AR decreased its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,533 shares of the software maker’s stock after selling 126 shares during the period. Stephens Inc. AR’s holdings in Manhattan Associates were worth $994,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Innealta Capital LLC bought a new stake in Manhattan Associates in the 2nd quarter valued at approximately $26,000. International Assets Investment Management LLC acquired a new stake in shares of Manhattan Associates in the second quarter valued at approximately $27,000. DT Investment Partners LLC acquired a new position in Manhattan Associates during the second quarter worth $31,000. Ashton Thomas Private Wealth LLC bought a new position in Manhattan Associates in the second quarter valued at $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Manhattan Associates in the 2nd quarter valued at $37,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MANH has been the subject of several analyst reports. Truist Financial raised their price objective on Manhattan Associates from $275.00 to $310.00 and gave the company a “buy” rating in a report on Friday, October 11th. Citigroup increased their price objective on Manhattan Associates from $257.00 to $287.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Raymond James boosted 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 increased their price target 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, StockNews.com lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $286.38.

Manhattan Associates Price Performance

Shares of MANH opened at $266.43 on Wednesday. The company’s 50-day moving average is $275.96 and its 200-day moving average is $248.61. The firm has a market capitalization of $16.27 billion, a PE ratio of 75.69 and a beta of 1.52. Manhattan Associates, Inc. has a fifty-two week low of $199.23 and a fifty-two week high of $307.50.

Manhattan Associates (NASDAQ:MANH) last released 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 net margin of 21.38% and a return on equity of 84.55%. The firm had revenue of $266.70 million for the quarter, compared to analysts’ expectations of $262.90 million. During the same period in the prior year, the firm earned $0.79 EPS. The business’s revenue was up 11.9% on a year-over-year basis. Analysts predict that Manhattan Associates, Inc. will post 3.4 earnings per share 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.