Amalgamated Bank Decreases Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Amalgamated Bank lowered its stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 5.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,050 shares of the software maker's stock after selling 1,836 shares during the quarter. Amalgamated Bank's holdings in Manhattan Associates were worth $8,455,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Fidelis Capital Partners LLC boosted its holdings in Manhattan Associates by 3.2% during the 3rd quarter. Fidelis Capital Partners LLC now owns 1,279 shares of the software maker's stock valued at $347,000 after acquiring an additional 40 shares during the period. UMB Bank n.a. increased its position in Manhattan Associates by 16.7% during the 3rd quarter. UMB Bank n.a. now owns 301 shares of the software maker's stock valued at $85,000 after buying an additional 43 shares in the last quarter. SkyView Investment Advisors LLC increased its position in Manhattan Associates by 0.9% during the 2nd quarter. SkyView Investment Advisors LLC now owns 5,018 shares of the software maker's stock valued at $1,238,000 after buying 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 buying an additional 64 shares during the last quarter. Finally, Greenwood Capital Associates LLC raised its holdings 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 worth $896,000 after purchasing an additional 66 shares during the period. Institutional investors own 98.45% of the company's stock.

Manhattan Associates Price Performance

Shares of MANH traded up $2.64 during midday trading on Thursday, reaching $283.67. 430,435 shares of the stock were exchanged, compared to its average volume of 417,682. Manhattan Associates, Inc. has a twelve month low of $199.23 and a twelve month high of $307.50. The business's 50-day moving average price is $276.49 and its 200 day moving average price is $249.12. The company has a market capitalization of $17.33 billion, a price-to-earnings ratio of 79.84 and a beta of 1.52.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $266.70 million for the quarter, compared to analyst estimates 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 for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.79 EPS. As a group, equities research analysts expect that Manhattan Associates, Inc. will post 3.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MANH shares. StockNews.com cut Manhattan Associates from a "buy" rating to a "hold" rating in a report on Thursday, August 1st. DA Davidson upped their price target on Manhattan Associates from $285.00 to $315.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Citigroup increased their target price on Manhattan Associates from $257.00 to $287.00 and gave the company a "neutral" rating in a report on Wednesday, September 25th. Loop Capital increased their target price on Manhattan Associates from $265.00 to $285.00 and gave the company a "buy" rating in a report on Monday, September 16th. Finally, Robert W. Baird increased their target price on Manhattan Associates from $263.00 to $304.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price 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.