Fiera Capital Corp Buys 31,270 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Fiera Capital Corp grew its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 17.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 212,498 shares of the software maker's stock after buying an additional 31,270 shares during the period. Fiera Capital Corp owned approximately 0.35% of Manhattan Associates worth $59,793,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Innealta Capital LLC bought a new position in shares of Manhattan Associates in the 2nd quarter valued at about $26,000. International Assets Investment Management LLC acquired a new position in Manhattan Associates during the second quarter worth $27,000. DT Investment Partners LLC bought a new stake in Manhattan Associates during the second quarter worth $31,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Manhattan Associates in the 2nd quarter valued at about $31,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Manhattan Associates during the 3rd quarter worth about $34,000. Institutional investors and hedge funds own 98.45% of the company's stock.

Wall Street Analysts Forecast Growth

MANH has been the subject of several research reports. Truist Financial lifted their price objective on shares of Manhattan Associates from $275.00 to $310.00 and gave the stock a "buy" rating in a research report on Friday, October 11th. Citigroup upped their price target on shares of Manhattan Associates from $257.00 to $287.00 and gave the company a "neutral" rating in a research note on Wednesday, September 25th. DA Davidson boosted their price objective on Manhattan Associates from $285.00 to $315.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. StockNews.com lowered Manhattan Associates from a "buy" rating to a "hold" rating in a research note on Thursday, August 1st. Finally, Loop Capital boosted their price target on Manhattan Associates from $265.00 to $285.00 and gave the company a "buy" rating in a research note on Monday, September 16th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $286.38.

Manhattan Associates Price Performance

Shares of NASDAQ MANH traded down $0.19 during trading on Friday, reaching $283.48. 284,005 shares of the stock traded hands, compared to its average volume of 417,065. The stock has a market capitalization of $17.31 billion, a P/E ratio of 80.53 and a beta of 1.52. Manhattan Associates, Inc. has a 52-week low of $199.23 and a 52-week high of $307.50. The company has a 50-day moving average of $276.90 and a 200-day moving average of $249.36.

Manhattan Associates (NASDAQ:MANH - Get Free Report) 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. Manhattan Associates had a return on equity of 84.55% and a net margin of 21.38%. The business had revenue of $266.70 million for the quarter, compared to analysts' expectations of $262.90 million. During the same quarter in the prior year, the firm posted $0.79 EPS. The firm's quarterly revenue was up 11.9% on a year-over-year basis. Analysts expect that Manhattan Associates, Inc. will post 3.4 earnings per share for the current fiscal year.

Manhattan Associates 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.