Manhattan Associates, Inc. (NASDAQ:MANH) Shares Bought by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC lifted its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 31.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,557 shares of the software maker’s stock after acquiring an additional 5,119 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Manhattan Associates were worth $6,065,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its holdings in Manhattan Associates by 47.5% in the third quarter. GAMMA Investing LLC now owns 1,186 shares of the software maker’s stock valued at $334,000 after purchasing an additional 382 shares during the last quarter. Boston Trust Walden Corp grew its stake in 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 acquiring an additional 3,525 shares during the last quarter. Mediolanum International Funds Ltd increased its holdings in Manhattan Associates by 602.0% during the 3rd quarter. Mediolanum International Funds Ltd now owns 20,042 shares of the software maker’s stock valued at $5,607,000 after acquiring an additional 17,187 shares in the last quarter. SG Americas Securities LLC raised its position in Manhattan Associates by 399.7% during the first quarter. SG Americas Securities LLC now owns 13,417 shares of the software maker’s stock worth $3,357,000 after acquiring an additional 10,732 shares during the last quarter. Finally, M&G Plc lifted its holdings in shares of Manhattan Associates by 2.1% in the second quarter. M&G Plc now owns 316,243 shares of the software maker’s stock valued at $78,112,000 after purchasing an additional 6,511 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on MANH shares. DA Davidson raised their price objective on shares of Manhattan Associates from $285.00 to $315.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Citigroup raised their price target on Manhattan Associates from $257.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Raymond James upped their price objective on Manhattan Associates from $255.00 to $305.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Truist Financial lifted their price objective on Manhattan Associates from $275.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Finally, Loop Capital upped their target price on shares of Manhattan Associates from $265.00 to $285.00 and gave the company a “buy” rating in a report on Monday, September 16th. Four equities research 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 currently has an average rating of “Moderate Buy” and an average target price of $286.38.

Manhattan Associates Price Performance

Shares of MANH stock opened at $283.08 on Tuesday. The firm’s 50-day simple moving average is $277.65 and its 200-day simple moving average is $250.71. Manhattan Associates, Inc. has a 1-year low of $199.23 and a 1-year high of $307.50. The firm has a market cap of $17.29 billion, a P/E ratio of 80.42 and a beta of 1.52.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Tuesday, October 22nd. The software maker reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.29. The company had revenue of $266.70 million for the quarter, compared to the consensus estimate of $262.90 million. Manhattan Associates had a net margin of 21.38% and a return on equity of 84.55%. Manhattan Associates’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.79 earnings per share. Analysts expect that Manhattan Associates, Inc. will post 3.4 earnings per share for the current fiscal year.

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.