BNP Paribas Financial Markets Has $19.98 Million Stock Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

BNP Paribas Financial Markets reduced its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 3.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 70,996 shares of the software maker's stock after selling 2,240 shares during the period. BNP Paribas Financial Markets owned approximately 0.12% of Manhattan Associates worth $19,977,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of MANH. Janus Henderson Group PLC lifted its stake in shares of Manhattan Associates by 18.7% in the 1st quarter. Janus Henderson Group PLC now owns 2,746 shares of the software maker's stock worth $687,000 after acquiring an additional 432 shares during the period. Swedbank AB acquired a new stake in shares of Manhattan Associates in the first quarter valued at about $4,759,000. Atria Investments Inc lifted its stake in shares of Manhattan Associates by 3.3% in the first quarter. Atria Investments Inc now owns 5,574 shares of the software maker's stock valued at $1,395,000 after purchasing an additional 177 shares during the period. HM Payson & Co. lifted its stake in shares of Manhattan Associates by 51.2% in the first quarter. HM Payson & Co. now owns 786 shares of the software maker's stock valued at $197,000 after purchasing an additional 266 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Manhattan Associates by 11.4% in the second quarter. GAMMA Investing LLC now owns 804 shares of the software maker's stock valued at $198,000 after purchasing an additional 82 shares during the period. 98.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MANH shares. DA Davidson lifted their target price on shares of Manhattan Associates from $285.00 to $315.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Piper Sandler started coverage on shares of Manhattan Associates in a research report on Monday, November 25th. They set an "overweight" rating and a $326.00 target price for the company. Loop Capital lifted their target price on shares of Manhattan Associates from $265.00 to $285.00 and gave the stock a "buy" rating in a research report on Monday, September 16th. Robert W. Baird lifted their target price 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, Citigroup lifted their target price on shares of Manhattan Associates from $257.00 to $287.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 25th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $290.78.

Manhattan Associates Trading Down 0.8 %

MANH traded down $2.24 on Friday, reaching $285.44. The company had a trading volume of 171,170 shares, compared to its average volume of 374,649. Manhattan Associates, Inc. has a one year low of $199.23 and a one year high of $307.50. The company has a market capitalization of $17.43 billion, a P/E ratio of 81.09 and a beta of 1.52. The company has a fifty day moving average of $282.46 and a 200-day moving average of $257.13.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The software maker reported $1.35 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.29. The company 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 quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 earnings per share. Research analysts predict that Manhattan Associates, Inc. will post 3.39 EPS for the current year.

Insider Activity at Manhattan Associates

In other news, EVP James Stewart Gantt sold 3,475 shares of Manhattan Associates stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $288.10, for a total value of $1,001,147.50. Following the transaction, the executive vice president now owns 42,812 shares of the company's stock, valued at $12,334,137.20. This trade represents a 7.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.72% of the company's stock.

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.