Mutual of America Capital Management LLC Has $9.31 Million Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Mutual of America Capital Management LLC decreased its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 6.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 33,102 shares of the software maker’s stock after selling 2,151 shares during the period. Mutual of America Capital Management LLC’s holdings in Manhattan Associates were worth $9,314,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. GAMMA Investing LLC increased its position in Manhattan Associates by 47.5% during the 3rd 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 period. Boston Trust Walden Corp raised its stake in Manhattan Associates by 3.3% during the second quarter. Boston Trust Walden Corp now owns 109,542 shares of the software maker’s stock worth $27,022,000 after buying an additional 3,525 shares during the last quarter. Mediolanum International Funds Ltd lifted its holdings in Manhattan Associates by 602.0% in the third quarter. Mediolanum International Funds Ltd now owns 20,042 shares of the software maker’s stock valued at $5,607,000 after buying an additional 17,187 shares during the period. Chartwell Investment Partners LLC boosted its position in Manhattan Associates by 31.1% during the third quarter. Chartwell Investment Partners LLC now owns 21,557 shares of the software maker’s stock valued at $6,065,000 after acquiring an additional 5,119 shares during the last quarter. Finally, M&G Plc grew its holdings in Manhattan Associates by 2.1% during the 2nd quarter. M&G Plc now owns 316,243 shares of the software maker’s stock worth $78,112,000 after acquiring an additional 6,511 shares during the period. 98.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MANH has been the subject of several recent analyst reports. Truist Financial raised their target price on Manhattan Associates from $275.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Robert W. Baird boosted their target price on shares of Manhattan Associates from $263.00 to $304.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Raymond James upped their price objective on shares of Manhattan Associates from $255.00 to $305.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Loop Capital increased their price target on Manhattan Associates from $265.00 to $285.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Finally, StockNews.com downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Manhattan Associates currently has an average rating of “Moderate Buy” and a consensus price target of $286.38.

Manhattan Associates Trading Down 2.5 %

NASDAQ MANH opened at $272.62 on Monday. The business has a fifty day simple moving average of $279.80 and a 200 day simple moving average of $252.76. Manhattan Associates, Inc. has a 12 month low of $199.23 and a 12 month high of $307.50. The firm has a market capitalization of $16.65 billion, a P/E ratio of 77.45 and a beta of 1.52.

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 analysts’ consensus estimates of $1.06 by $0.29. Manhattan Associates had a net margin of 21.38% and a return on equity of 84.55%. The company had revenue of $266.70 million for the quarter, compared to analyst estimates of $262.90 million. During the same period last year, the firm earned $0.79 earnings per share. The firm’s revenue was up 11.9% on a year-over-year basis. As a group, sell-side analysts predict that Manhattan Associates, Inc. will post 3.4 EPS 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.