Mediolanum International Funds Ltd Has $5.61 Million Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Mediolanum International Funds Ltd grew its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 602.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,042 shares of the software maker’s stock after buying an additional 17,187 shares during the period. Mediolanum International Funds Ltd’s holdings in Manhattan Associates were worth $5,607,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Tobam bought a new stake in Manhattan Associates during the 1st quarter worth $25,000. Innealta Capital LLC bought a new stake in shares of Manhattan Associates during the second quarter valued at approximately $26,000. International Assets Investment Management LLC acquired a new position in Manhattan Associates during the 2nd quarter valued at about $27,000. DT Investment Partners LLC bought a new stake in shares of Manhattan Associates in the 2nd quarter worth $31,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Manhattan Associates in the second quarter valued at approximately $31,000. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Price Performance

Shares of NASDAQ MANH opened at $275.70 on Friday. The company has a 50 day simple moving average of $274.95 and a 200-day simple moving average of $247.04. Manhattan Associates, Inc. has a 1 year low of $186.77 and a 1 year high of $307.50. The company has a market capitalization of $16.89 billion, a P/E ratio of 78.32 and a beta of 1.50.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Tuesday, October 22nd. The software maker reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.29. The company had revenue of $266.70 million during the quarter, compared to the consensus estimate of $262.90 million. Manhattan Associates had a return on equity of 86.65% and a net margin of 21.38%. Manhattan Associates’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.79 EPS. As a group, research analysts expect that Manhattan Associates, Inc. will post 3.01 EPS for the current year.

Insider Activity

In related news, EVP James Stewart Gantt sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $256.50, for a total transaction of $1,539,000.00. Following the sale, the executive vice president now owns 46,287 shares in the company, valued at approximately $11,872,615.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on MANH shares. Citigroup boosted their price target on shares of Manhattan Associates from $257.00 to $287.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Raymond James lifted their target price on shares of Manhattan Associates from $255.00 to $305.00 and gave the stock an “outperform” rating in a research note on Wednesday. Loop Capital increased their target price on Manhattan Associates from $265.00 to $285.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Robert W. Baird raised their price objective on Manhattan Associates from $263.00 to $304.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Finally, StockNews.com downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Manhattan Associates has a consensus rating of “Moderate Buy” and a consensus price target of $286.38.

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.