Manhattan Associates, Inc. (NASDAQ:MANH) Shares Acquired by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC increased its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 31.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,557 shares of the software maker’s stock after acquiring an additional 5,119 shares during the period. Chartwell Investment Partners LLC’s holdings in Manhattan Associates were worth $6,065,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in Manhattan Associates during the third quarter worth about $42,000. State of New Jersey Common Pension Fund D grew its holdings in shares of Manhattan Associates by 1.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 21,456 shares of the software maker’s stock valued at $6,037,000 after purchasing an additional 206 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in Manhattan Associates by 13.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,941 shares of the software maker’s stock worth $1,391,000 after buying an additional 598 shares during the period. Montanaro Asset Management Ltd acquired a new stake in Manhattan Associates during the 3rd quarter worth approximately $7,485,000. Finally, Atria Investments Inc boosted its position in Manhattan Associates by 19.0% in the 3rd quarter. Atria Investments Inc now owns 7,551 shares of the software maker’s stock valued at $2,125,000 after buying an additional 1,203 shares during the period. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MANH has been the topic of a number of recent research reports. Raymond James upped their price objective on Manhattan Associates from $255.00 to $305.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Robert W. Baird increased their price target on Manhattan Associates from $263.00 to $304.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. DA Davidson boosted their price objective on Manhattan Associates from $285.00 to $315.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Citigroup raised their target price on shares of Manhattan Associates from $257.00 to $287.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Finally, Truist Financial boosted their price target on shares of Manhattan Associates from $275.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Manhattan Associates currently has a consensus rating of “Moderate Buy” and an average price target of $286.38.

Manhattan Associates Trading Down 0.1 %

MANH stock opened at $283.08 on Tuesday. The company’s 50 day moving average is $277.65 and its two-hundred day moving average is $250.71. Manhattan Associates, Inc. has a twelve month low of $199.23 and a twelve month high of $307.50. The stock has a market cap of $17.29 billion, a P/E ratio of 80.42 and a beta of 1.52.

Manhattan Associates (NASDAQ:MANH) last announced 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. 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 84.55%. Manhattan Associates’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.79 earnings per share. On average, equities research analysts predict that Manhattan Associates, Inc. will post 3.4 earnings per share 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.