Chartwell Investment Partners LLC Has $6.07 Million Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Chartwell Investment Partners LLC lifted its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 31.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,557 shares of the software maker's stock after acquiring an additional 5,119 shares during the period. Chartwell Investment Partners LLC's holdings in Manhattan Associates were worth $6,065,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Manhattan Associates by 0.9% during the 1st 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. TD Asset Management Inc grew its holdings in shares of Manhattan Associates by 10.5% in the first quarter. TD Asset Management Inc now owns 607,167 shares of the software maker's stock valued at $151,931,000 after purchasing an additional 57,859 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Manhattan Associates by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 604,115 shares of the software maker's stock worth $149,023,000 after buying an additional 2,156 shares during the period. RGM Capital LLC grew its stake in Manhattan Associates by 4.1% in the second 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 during the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of Manhattan Associates by 0.3% in the first 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 last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MANH has been the topic of several analyst reports. Loop Capital lifted their price target on Manhattan Associates from $265.00 to $285.00 and gave the stock a "buy" rating in a report on Monday, September 16th. Citigroup raised their price objective on Manhattan Associates from $257.00 to $287.00 and gave the stock a "neutral" rating in a report on Wednesday, September 25th. Robert W. Baird boosted 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. Truist Financial upped their price target on shares of Manhattan Associates from $275.00 to $310.00 and gave the stock a "buy" rating in a research note on Friday, October 11th. Finally, Raymond James lifted their price objective on Manhattan Associates from $255.00 to $305.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $286.38.

Manhattan Associates Price Performance

MANH traded up $1.26 during midday trading on Tuesday, hitting $284.34. 236,948 shares of the company's stock traded hands, compared to its average volume of 415,678. Manhattan Associates, Inc. has a one year low of $199.23 and a one year high of $307.50. The stock's fifty day simple moving average is $277.65 and its 200-day simple moving average is $250.71. The company has a market cap of $17.37 billion, a PE ratio of 80.42 and a beta of 1.52.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The software maker reported $1.35 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $262.90 million. During the same period in the prior year, the company posted $0.79 earnings per share. Manhattan Associates's revenue was up 11.9% on a year-over-year basis. On average, research analysts expect 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.