Manhattan Associates, Inc. (NASDAQ:MANH) Holdings Raised by Alpha DNA Investment Management LLC

Alpha DNA Investment Management LLC increased its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 13.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,167 shares of the software maker’s stock after purchasing an additional 382 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in Manhattan Associates were worth $891,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MANH. GAMMA Investing LLC lifted its position in shares of Manhattan Associates by 47.5% in the 3rd 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 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 acquiring an additional 3,525 shares during the period. 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 worth $5,607,000 after acquiring an additional 17,187 shares during the last quarter. Chartwell Investment Partners LLC boosted its stake in Manhattan Associates by 31.1% in 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 period. Finally, M&G Plc grew its holdings in shares of Manhattan Associates by 2.1% during 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 during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on MANH shares. Robert W. Baird raised their price target on Manhattan Associates from $263.00 to $304.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. DA Davidson raised their target price on Manhattan Associates from $285.00 to $315.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Raymond James upped their price target on shares of Manhattan Associates from $255.00 to $305.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. StockNews.com downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Truist Financial boosted their target price on shares of Manhattan Associates from $275.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Manhattan Associates has a consensus rating of “Moderate Buy” and a consensus target price of $286.38.

Manhattan Associates Trading Up 3.1 %

Shares of NASDAQ:MANH opened at $280.40 on Friday. The company has a 50 day moving average of $280.92 and a 200-day moving average of $254.61. The firm has a market cap of $17.13 billion, a P/E ratio of 79.66 and a beta of 1.52. Manhattan Associates, Inc. has a twelve month low of $199.23 and a twelve month high of $307.50.

Manhattan Associates (NASDAQ:MANH) last released its 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. 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 during the quarter, compared to the consensus estimate of $262.90 million. During the same period in the prior year, the firm posted $0.79 earnings per share. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. Equities research analysts forecast 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.