Atria Investments Inc Grows Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Atria Investments Inc lifted its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 19.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,551 shares of the software maker’s stock after purchasing an additional 1,203 shares during the period. Atria Investments Inc’s holdings in Manhattan Associates were worth $2,125,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Manhattan Associates by 47.5% in the third quarter. GAMMA Investing LLC now owns 1,186 shares of the software maker’s stock worth $334,000 after buying an additional 382 shares during the last quarter. Boston Trust Walden Corp raised its stake in shares of Manhattan Associates by 3.3% in 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 in the last quarter. Mediolanum International Funds Ltd lifted its position in shares of Manhattan Associates by 602.0% during the third quarter. Mediolanum International Funds Ltd now owns 20,042 shares of the software maker’s stock worth $5,607,000 after purchasing an additional 17,187 shares during the last quarter. M&G Plc grew its stake in Manhattan Associates by 2.1% in the second quarter. M&G Plc now owns 316,243 shares of the software maker’s stock worth $78,112,000 after purchasing an additional 6,511 shares in the last quarter. Finally, Kennedy Capital Management LLC acquired a new position in shares of Manhattan Associates in the 1st quarter worth approximately $2,144,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MANH has been the subject of a number of research reports. Robert W. Baird lifted their target price on Manhattan Associates from $263.00 to $304.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. DA Davidson lifted their price target on Manhattan Associates from $285.00 to $315.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Truist Financial lifted their price target on Manhattan Associates from $275.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Loop Capital increased their target price on shares of Manhattan Associates from $265.00 to $285.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Finally, Citigroup increased their target price on shares of Manhattan Associates from $257.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Manhattan Associates has an average rating of “Moderate Buy” and an average target price of $286.38.

Manhattan Associates Stock Performance

NASDAQ:MANH opened at $279.75 on Friday. The firm has a market cap of $17.09 billion, a price-to-earnings ratio of 79.47 and a beta of 1.52. The firm’s 50-day simple moving average is $279.36 and its 200 day simple moving average is $251.69. Manhattan Associates, Inc. has a 52 week low of $199.23 and a 52 week high of $307.50.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Tuesday, October 22nd. The software maker reported $1.35 EPS for the quarter, beating 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 company had revenue of $266.70 million during the quarter, compared to analysts’ expectations of $262.90 million. During the same period in the prior year, the company earned $0.79 EPS. Manhattan Associates’s revenue was up 11.9% compared to the same quarter last year. Sell-side analysts anticipate that Manhattan Associates, Inc. will post 3.4 EPS for the current 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.