Robeco Institutional Asset Management B.V. Has $45.23 Million Stock Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Robeco Institutional Asset Management B.V. lifted its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 26.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 160,740 shares of the software maker’s stock after purchasing an additional 33,241 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.26% of Manhattan Associates worth $45,229,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Innealta Capital LLC acquired a new stake in shares of Manhattan Associates during the 2nd quarter worth $26,000. International Assets Investment Management LLC acquired a new stake in shares of Manhattan Associates during the 2nd quarter worth $27,000. DT Investment Partners LLC acquired a new stake in Manhattan Associates in the second quarter valued at about $31,000. Ashton Thomas Private Wealth LLC acquired a new stake in Manhattan Associates in the second quarter valued at about $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Manhattan Associates in the second quarter valued at about $37,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MANH has been the topic of several research analyst reports. Robert W. Baird raised their price objective on Manhattan Associates from $263.00 to $304.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Citigroup raised their price objective on Manhattan Associates from $257.00 to $287.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Loop Capital raised their price objective on Manhattan Associates from $265.00 to $285.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Raymond James raised their price objective on Manhattan Associates from $255.00 to $305.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $286.38.

Manhattan Associates Price Performance

Shares of MANH opened at $266.64 on Tuesday. Manhattan Associates, Inc. has a 1 year low of $199.23 and a 1 year high of $307.50. The company has a market capitalization of $16.29 billion, a price-to-earnings ratio of 75.75 and a beta of 1.52. The business has a 50-day moving average of $275.85 and a 200-day moving average of $248.36.

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. The company had revenue of $266.70 million during the quarter, compared to the consensus estimate of $262.90 million. Manhattan Associates had a return on equity of 84.55% and a net margin of 21.38%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company earned $0.79 earnings per share. As a group, sell-side analysts anticipate 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.