First Horizon Advisors Inc. Acquires 95 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

First Horizon Advisors Inc. boosted its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 40.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 327 shares of the software maker’s stock after purchasing an additional 95 shares during the quarter. First Horizon Advisors Inc.’s holdings in Manhattan Associates were worth $92,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UniSuper Management Pty Ltd grew its stake in Manhattan Associates by 80.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 900 shares of the software maker’s stock valued at $225,000 after buying an additional 400 shares during the last quarter. BOKF NA grew its position in shares of Manhattan Associates by 2.0% in the first quarter. BOKF NA now owns 14,184 shares of the software maker’s stock valued at $3,513,000 after purchasing an additional 273 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Manhattan Associates by 7.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 426,729 shares of the software maker’s stock worth $106,782,000 after purchasing an additional 29,063 shares during the period. Ascent Group LLC lifted its holdings in Manhattan Associates by 11.4% during the 1st quarter. Ascent Group LLC now owns 1,030 shares of the software maker’s stock worth $258,000 after purchasing an additional 105 shares during the last quarter. Finally, Caxton Associates LP boosted its stake in Manhattan Associates by 106.3% in the 1st quarter. Caxton Associates LP now owns 6,532 shares of the software maker’s stock valued at $1,635,000 after purchasing an additional 3,365 shares during the period. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on MANH. Loop Capital increased their price objective on Manhattan Associates from $265.00 to $285.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Raymond James lifted their price objective on shares of Manhattan Associates from $255.00 to $305.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Truist Financial boosted their price objective on shares of Manhattan Associates from $275.00 to $310.00 and gave the company a “buy” rating in a report on Friday, October 11th. DA Davidson raised their target price on shares of Manhattan Associates from $285.00 to $315.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, StockNews.com cut 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 given a buy rating to the stock. According to data from MarketBeat, Manhattan Associates currently has a consensus rating of “Moderate Buy” and a consensus price target of $286.38.

Manhattan Associates Trading Up 3.1 %

NASDAQ MANH opened at $280.40 on Friday. The firm’s 50 day simple moving average is $280.92 and its 200 day simple moving average is $254.61. The firm has a market capitalization of $17.13 billion, a price-to-earnings ratio of 79.66 and a beta of 1.52. Manhattan Associates, Inc. has a 1 year low of $199.23 and a 1 year high of $307.50.

Manhattan Associates (NASDAQ:MANH) last issued its earnings results on Tuesday, October 22nd. The software maker reported $1.35 earnings per share 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 firm had revenue of $266.70 million for the quarter, compared to the consensus estimate of $262.90 million. During the same quarter last year, the business posted $0.79 EPS. The company’s revenue was up 11.9% compared to the same quarter last year. On average, equities research analysts forecast that Manhattan Associates, Inc. will post 3.4 earnings per share 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.