Manhattan Associates, Inc. (NASDAQ:MANH) is Stephens Investment Management Group LLC's 3rd Largest Position

Stephens Investment Management Group LLC decreased its holdings in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 9.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 538,036 shares of the software maker's stock after selling 52,995 shares during the period. Manhattan Associates makes up about 2.1% of Stephens Investment Management Group LLC's holdings, making the stock its 3rd biggest holding. Stephens Investment Management Group LLC owned approximately 0.87% of Manhattan Associates worth $151,393,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. M&G Plc purchased a new position in shares of Manhattan Associates in the first quarter worth $77,433,000. Fiera Capital Corp bought a new stake in Manhattan Associates in the 2nd quarter worth $44,705,000. Squarepoint Ops LLC increased its position in shares of Manhattan Associates by 448.9% in the second quarter. Squarepoint Ops LLC now owns 160,649 shares of the software maker's stock valued at $39,629,000 after acquiring an additional 131,381 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Manhattan Associates by 173.2% during the first quarter. Russell Investments Group Ltd. now owns 163,497 shares of the software maker's stock valued at $40,893,000 after acquiring an additional 103,645 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Manhattan Associates by 118.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 173,644 shares of the software maker's stock worth $48,860,000 after purchasing an additional 94,283 shares during the period. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Manhattan Associates Stock Up 0.4 %

Shares of NASDAQ:MANH traded up $0.99 during midday trading on Friday, reaching $264.35. The company's stock had a trading volume of 329,372 shares, compared to its average volume of 417,280. Manhattan Associates, Inc. has a 12-month low of $198.45 and a 12-month high of $307.50. The firm has a market capitalization of $16.15 billion, a P/E ratio of 74.82 and a beta of 1.50. The firm has a 50 day moving average of $275.74 and a 200-day moving average of $247.76.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The software maker reported $1.35 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.29. Manhattan Associates had a net margin of 21.38% and a return on equity of 84.55%. 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 company earned $0.79 earnings per share. The business's revenue was up 11.9% compared to the same quarter last year. On average, research analysts predict that Manhattan Associates, Inc. will post 3.4 EPS for the current year.

Analyst Ratings Changes

MANH has been the topic of a number of research analyst reports. Citigroup boosted their price target on Manhattan Associates from $257.00 to $287.00 and gave the company 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 research note on Tuesday, October 22nd. Raymond James raised 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. DA Davidson boosted their price objective on shares of Manhattan Associates from $285.00 to $315.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Finally, Loop Capital raised their target price on shares of Manhattan Associates from $265.00 to $285.00 and gave the stock a "buy" rating in a research report on Monday, September 16th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $286.38.

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.