KBC Group NV Purchases 11,762 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

KBC Group NV boosted its holdings in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 70.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,355 shares of the software maker's stock after acquiring an additional 11,762 shares during the quarter. KBC Group NV's holdings in Manhattan Associates were worth $7,979,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MANH. Vanguard Group Inc. boosted its position in Manhattan Associates by 0.9% during the first quarter. Vanguard Group Inc. now owns 6,671,321 shares of the software maker's stock worth $1,669,365,000 after acquiring an additional 58,905 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Manhattan Associates by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 604,115 shares of the software maker's stock worth $149,023,000 after purchasing an additional 2,156 shares during the period. RGM Capital LLC lifted its stake in shares of Manhattan Associates by 4.1% in the 2nd quarter. RGM Capital LLC now owns 583,037 shares of the software maker's stock valued at $143,824,000 after purchasing an additional 23,000 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Manhattan Associates by 0.3% during the 1st quarter. Bessemer Group Inc. now owns 561,901 shares of the software maker's stock worth $140,604,000 after purchasing an additional 1,757 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Manhattan Associates by 20.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 441,314 shares of the software maker's stock worth $108,881,000 after purchasing an additional 76,378 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MANH. 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 research note on Tuesday, October 22nd. Truist Financial raised their target price on Manhattan Associates from $275.00 to $310.00 and gave the company a "buy" rating in a research note on Friday, October 11th. Raymond James boosted their price target on 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 Manhattan Associates from a "buy" rating to a "hold" rating in a report on Thursday, August 1st. Finally, Loop Capital increased their target price 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 issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $286.38.

Manhattan Associates Stock Down 2.5 %

MANH stock traded down $7.13 during midday trading on Friday, hitting $272.62. 302,735 shares of the company traded hands, compared to its average volume of 471,924. The business has a 50 day simple moving average of $279.80 and a 200-day simple moving average of $252.45. The stock has a market capitalization of $16.65 billion, a price-to-earnings ratio of 77.45 and a beta of 1.52. Manhattan Associates, Inc. has a twelve month low of $199.23 and a twelve month high of $307.50.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last released its earnings results on Tuesday, October 22nd. The software maker reported $1.35 EPS for the quarter, beating the consensus estimate of $1.06 by $0.29. Manhattan Associates had a net margin of 21.38% and a return on equity of 84.55%. The firm had revenue of $266.70 million during the quarter, compared to analysts' expectations of $262.90 million. During the same period in the prior year, the company earned $0.79 EPS. The business's quarterly revenue was up 11.9% compared to the same quarter last year. Equities research analysts forecast that Manhattan Associates, Inc. will post 3.4 EPS for the current year.

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.