Manhattan Associates, Inc. (NASDAQ:MANH) Shares Acquired by Huntington National Bank

Huntington National Bank increased its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 5.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 879 shares of the software maker’s stock after acquiring an additional 49 shares during the period. Huntington National Bank’s holdings in Manhattan Associates were worth $247,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Fidelis Capital Partners LLC raised its position in shares of Manhattan Associates by 3.2% during the 3rd quarter. Fidelis Capital Partners LLC now owns 1,279 shares of the software maker’s stock worth $347,000 after purchasing an additional 40 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Manhattan Associates by 16.7% during the third quarter. UMB Bank n.a. now owns 301 shares of the software maker’s stock valued at $85,000 after acquiring an additional 43 shares during the last quarter. SkyView Investment Advisors LLC lifted its position in shares of Manhattan Associates by 0.9% in the second quarter. SkyView Investment Advisors LLC now owns 5,018 shares of the software maker’s stock valued at $1,238,000 after acquiring an additional 46 shares in the last quarter. iA Global Asset Management Inc. boosted its stake in shares of Manhattan Associates by 9.7% in the first quarter. iA Global Asset Management Inc. now owns 726 shares of the software maker’s stock worth $182,000 after acquiring an additional 64 shares during the last quarter. Finally, Greenwood Capital Associates LLC raised its stake in Manhattan Associates by 2.1% in the 3rd quarter. Greenwood Capital Associates LLC now owns 3,183 shares of the software maker’s stock valued at $896,000 after purchasing an additional 66 shares during the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Manhattan Associates Stock Performance

Shares of Manhattan Associates stock opened at $272.62 on Friday. Manhattan Associates, Inc. has a fifty-two week low of $199.23 and a fifty-two week high of $307.50. The firm has a market capitalization of $16.65 billion, a price-to-earnings ratio of 77.45 and a beta of 1.52. The stock has a 50 day moving average of $279.80 and a 200 day moving average of $252.45.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data 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. 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 last year, the company earned $0.79 EPS. The company’s quarterly revenue was up 11.9% on a year-over-year basis. Analysts forecast that Manhattan Associates, Inc. will post 3.4 EPS for the current year.

Wall Street Analysts Forecast Growth

MANH has been the topic of several recent research reports. Truist Financial lifted their target price on shares of 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 upped their price objective on shares of Manhattan Associates from $263.00 to $304.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. DA Davidson boosted their target price on Manhattan Associates from $285.00 to $315.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Citigroup lifted their price objective on Manhattan Associates from $257.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Finally, Loop Capital boosted their price objective on Manhattan Associates from $265.00 to $285.00 and gave the stock a “buy” rating in a research note 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 stock. Based on data from MarketBeat.com, the stock currently has an average 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.