International Assets Investment Management LLC Has $13.78 Million Position in Manhattan Associates, Inc. (NASDAQ:MANH)

International Assets Investment Management LLC grew its stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 44,409.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,960 shares of the software maker's stock after purchasing an additional 48,850 shares during the quarter. International Assets Investment Management LLC owned approximately 0.08% of Manhattan Associates worth $13,776,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Greenleaf Trust bought a new position in shares of Manhattan Associates during the third quarter worth approximately $225,000. Private Advisor Group LLC grew its holdings in Manhattan Associates by 8.9% in the 3rd quarter. Private Advisor Group LLC now owns 1,376 shares of the software maker's stock valued at $387,000 after buying an additional 113 shares in the last quarter. FSC Wealth Advisors LLC bought a new position in Manhattan Associates during the 3rd quarter worth $66,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Manhattan Associates during the third quarter worth $211,000. Finally, Dock Street Asset Management Inc. boosted its position in shares of Manhattan Associates by 96.2% in the third quarter. Dock Street Asset Management Inc. now owns 67,894 shares of the software maker's stock valued at $19,104,000 after acquiring an additional 33,282 shares during the period. Institutional investors and hedge funds own 98.45% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on MANH. Citigroup raised their price target 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. Raymond James lifted their price target on shares of Manhattan Associates from $255.00 to $305.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Robert W. Baird increased their price target on Manhattan Associates from $263.00 to $304.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 22nd. Loop Capital lifted their price objective on Manhattan Associates from $265.00 to $285.00 and gave the company a "buy" rating in a report on Monday, September 16th. Finally, DA Davidson upped their target price on Manhattan Associates from $285.00 to $315.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, Manhattan Associates presently has an average rating of "Moderate Buy" and a consensus price target of $286.38.

Manhattan Associates Stock Down 0.9 %

Shares of MANH traded down $2.43 during midday trading on Thursday, hitting $263.36. The company's stock had a trading volume of 398,447 shares, compared to its average volume of 417,697. Manhattan Associates, Inc. has a one year low of $189.16 and a one year high of $307.50. The stock has a market capitalization of $16.08 billion, a price-to-earnings ratio of 74.82 and a beta of 1.50. The company's fifty day simple moving average is $275.74 and its two-hundred day simple moving average is $247.76.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last released its earnings results on Tuesday, October 22nd. The software maker reported $1.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.29. The firm had revenue of $266.70 million for the quarter, compared to analysts' expectations of $262.90 million. Manhattan Associates had a return on equity of 86.65% and a net margin of 21.38%. The business's revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.79 earnings per share. On average, research analysts predict that Manhattan Associates, Inc. will post 3.01 earnings per share for the current 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.