Manhattan Associates, Inc. (NASDAQ:MANH) Stock Position Reduced by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 6.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 33,102 shares of the software maker's stock after selling 2,151 shares during the period. Mutual of America Capital Management LLC owned about 0.05% of Manhattan Associates worth $9,314,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Truist Financial upped their price objective on Manhattan Associates from $275.00 to $310.00 and gave the company a "buy" rating in a research report on Friday, October 11th. Robert W. Baird upped their price objective on Manhattan Associates from $263.00 to $304.00 and gave the company an "outperform" rating in a research report on Tuesday, October 22nd. Loop Capital upped their price objective on Manhattan Associates from $265.00 to $285.00 and gave the company a "buy" rating in a research report on Monday, September 16th. Citigroup increased their target price on Manhattan Associates from $257.00 to $287.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 25th. Finally, StockNews.com downgraded Manhattan Associates from a "buy" rating to a "hold" rating in a research report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $286.38.

Manhattan Associates Trading Down 0.4 %

NASDAQ:MANH traded down $0.98 on Monday, hitting $271.64. 354,139 shares of the stock were exchanged, compared to its average volume of 414,349. The stock has a market cap of $16.59 billion, a PE ratio of 77.17 and a beta of 1.52. The stock has a fifty day moving average of $280.14 and a 200-day moving average of $253.21. Manhattan Associates, Inc. has a fifty-two week low of $199.23 and a fifty-two week high of $307.50.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The software maker reported $1.35 EPS for the quarter, topping the consensus estimate 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 return on equity of 84.55% and a net margin of 21.38%. The firm's revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.79 earnings per share. As a group, analysts predict that Manhattan Associates, Inc. will post 3.4 earnings per share for the current year.

About Manhattan Associates

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.