Inscription Capital LLC Purchases Shares of 871 Manhattan Associates, Inc. (NASDAQ:MANH)

Inscription Capital LLC acquired a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the third quarter, Holdings Channel reports. The institutional investor acquired 871 shares of the software maker’s stock, valued at approximately $245,000.

A number of other large investors have also modified their holdings of the stock. Tobam purchased a new stake in Manhattan Associates during the 1st quarter worth about $25,000. Innealta Capital LLC purchased a new position in Manhattan Associates in the second quarter worth approximately $26,000. International Assets Investment Management LLC acquired a new position in Manhattan Associates during the 2nd quarter worth approximately $27,000. DT Investment Partners LLC acquired a new position in Manhattan Associates during the 2nd quarter worth approximately $31,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Manhattan Associates in the 2nd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Down 0.1 %

Shares of NASDAQ:MANH opened at $275.39 on Tuesday. Manhattan Associates, Inc. has a 52 week low of $186.77 and a 52 week high of $307.50. The company has a 50-day moving average price of $275.26 and a 200 day moving average price of $247.35. The company has a market cap of $16.96 billion, a P/E ratio of 90.00 and a beta of 1.50.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data on Tuesday, October 22nd. The software maker reported $1.35 EPS for the quarter, beating the consensus estimate of $1.06 by $0.29. The firm had revenue of $266.70 million during the quarter, compared to analysts’ expectations of $262.90 million. Manhattan Associates had a net margin of 21.38% and a return on equity of 86.65%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.79 earnings per share. Analysts expect that Manhattan Associates, Inc. will post 3.01 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on MANH shares. Truist Financial lifted their price target on Manhattan Associates from $275.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, October 11th. DA Davidson upped their price target on Manhattan Associates from $285.00 to $315.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Loop Capital increased their price target on shares of Manhattan Associates from $265.00 to $285.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Robert W. Baird boosted their price objective on shares of Manhattan Associates from $263.00 to $304.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Raymond James upped their target price 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. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $286.38.

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.