Larson Financial Group LLC Buys 343 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Larson Financial Group LLC increased its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 1.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,267 shares of the software maker’s stock after purchasing an additional 343 shares during the period. Larson Financial Group LLC’s holdings in Manhattan Associates were worth $5,984,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MANH. GAMMA Investing LLC grew its holdings in shares of Manhattan Associates by 47.5% during the third quarter. GAMMA Investing LLC now owns 1,186 shares of the software maker’s stock valued at $334,000 after buying an additional 382 shares during the last quarter. Boston Trust Walden Corp boosted its holdings in shares of Manhattan Associates by 3.3% during the 2nd quarter. Boston Trust Walden Corp now owns 109,542 shares of the software maker’s stock valued at $27,022,000 after acquiring an additional 3,525 shares during the last quarter. Mediolanum International Funds Ltd raised its holdings in shares of Manhattan Associates by 602.0% during the third quarter. Mediolanum International Funds Ltd now owns 20,042 shares of the software maker’s stock valued at $5,607,000 after purchasing an additional 17,187 shares during the last quarter. Chartwell Investment Partners LLC boosted its holdings 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 worth $6,065,000 after purchasing an additional 5,119 shares during the last quarter. Finally, M&G Plc raised its stake in Manhattan Associates by 2.1% during the 2nd quarter. M&G Plc now owns 316,243 shares of the software maker’s stock valued at $78,112,000 after buying an additional 6,511 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MANH shares. Loop Capital boosted 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 increased their price objective on shares of Manhattan Associates from $255.00 to $305.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. StockNews.com downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Truist Financial raised their price target on Manhattan Associates from $275.00 to $310.00 and gave the company a “buy” rating in a report on Friday, October 11th. Finally, Citigroup boosted their price objective on Manhattan Associates from $257.00 to $287.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Manhattan Associates has an average rating of “Moderate Buy” and a consensus price target of $286.38.

Manhattan Associates Stock Performance

NASDAQ:MANH opened at $280.40 on Friday. The firm has a market capitalization of $17.13 billion, a PE ratio of 79.66 and a beta of 1.52. The stock’s fifty day moving average is $280.92 and its 200 day moving average is $254.61. Manhattan Associates, Inc. has a fifty-two week low of $199.23 and a fifty-two week 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 (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.29. The firm had revenue of $266.70 million during the quarter, compared to analyst estimates of $262.90 million. Manhattan Associates had a net margin of 21.38% and a return on equity of 84.55%. The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the business earned $0.79 EPS. Equities 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.