Manhattan Associates, Inc. (NASDAQ:MANH) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 26.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,740 shares of the software maker's stock after buying an additional 33,241 shares during the period. Robeco Institutional Asset Management B.V. owned 0.26% of Manhattan Associates worth $45,229,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MANH. Norden Group LLC purchased a new position in Manhattan Associates in the 1st quarter worth $225,000. First Trust Direct Indexing L.P. bought a new stake in shares of Manhattan Associates in the 1st quarter worth approximately $393,000. Janney Montgomery Scott LLC raised its holdings in shares of Manhattan Associates by 5.3% during the first quarter. Janney Montgomery Scott LLC now owns 4,338 shares of the software maker's stock valued at $1,086,000 after acquiring an additional 218 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Manhattan Associates during the 1st quarter valued at about $509,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Manhattan Associates in the 1st quarter worth about $2,407,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MANH shares. Loop Capital boosted their price objective on shares of Manhattan Associates from $265.00 to $285.00 and gave the stock a "buy" rating in a report on Monday, September 16th. DA Davidson boosted their price objective on Manhattan Associates from $285.00 to $315.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Citigroup increased their price objective on shares of 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 raised their target price on shares of Manhattan Associates from $263.00 to $304.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Finally, Raymond James upped their price target on shares of Manhattan Associates from $255.00 to $305.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Four investment 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.com, the company has an average rating of "Moderate Buy" and an average price target of $286.38.

Manhattan Associates Price Performance

Shares of MANH stock traded down $1.62 during mid-day trading on Tuesday, hitting $265.02. 277,179 shares of the stock traded hands, compared to its average volume of 416,158. Manhattan Associates, Inc. has a 52-week low of $199.23 and a 52-week high of $307.50. The stock has a market cap of $16.19 billion, a P/E ratio of 75.49 and a beta of 1.52. The stock's fifty day moving average is $275.96 and its two-hundred day moving average is $248.61.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The software maker reported $1.35 earnings per share 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 company had revenue of $266.70 million during the quarter, compared to the consensus estimate of $262.90 million. During the same period last year, the firm earned $0.79 earnings per share. Manhattan Associates's revenue was up 11.9% compared to the same quarter last year. As a group, equities analysts forecast that Manhattan Associates, Inc. will post 3.4 EPS for the current fiscal 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.