National Pension Service Boosts Stock Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

National Pension Service increased its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 2.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 119,142 shares of the software maker's stock after purchasing an additional 2,342 shares during the period. National Pension Service owned 0.19% of Manhattan Associates worth $33,524,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of Manhattan Associates by 47.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,186 shares of the software maker's stock valued at $334,000 after acquiring an additional 382 shares during the period. Boston Trust Walden Corp raised its holdings in Manhattan Associates by 3.3% in the second quarter. Boston Trust Walden Corp now owns 109,542 shares of the software maker's stock worth $27,022,000 after purchasing an additional 3,525 shares in the last quarter. Mediolanum International Funds Ltd lifted its position in shares of Manhattan Associates by 602.0% during the third quarter. Mediolanum International Funds Ltd now owns 20,042 shares of the software maker's stock valued at $5,607,000 after buying an additional 17,187 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Manhattan Associates by 399.7% during the first quarter. SG Americas Securities LLC now owns 13,417 shares of the software maker's stock valued at $3,357,000 after buying an additional 10,732 shares during the last quarter. Finally, M&G Plc boosted its holdings in shares of Manhattan Associates by 2.1% in the 2nd quarter. M&G Plc now owns 316,243 shares of the software maker's stock valued at $78,112,000 after buying an additional 6,511 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Manhattan Associates Stock Performance

NASDAQ MANH traded up $2.64 during mid-day trading on Thursday, reaching $283.67. 430,435 shares of the stock were exchanged, compared to its average volume of 417,682. The company has a market capitalization of $17.33 billion, a P/E ratio of 79.84 and a beta of 1.52. The business's 50 day moving average is $276.49 and its 200-day moving average is $249.12. Manhattan Associates, Inc. has a 1 year low of $199.23 and a 1 year high of $307.50.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The software maker reported $1.35 earnings per share (EPS) for the quarter, topping 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 business had revenue of $266.70 million for the quarter, compared to analyst estimates of $262.90 million. During the same period in the prior year, the company posted $0.79 EPS. The company's revenue for the quarter was up 11.9% on a year-over-year basis. Equities analysts predict that Manhattan Associates, Inc. will post 3.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MANH shares. StockNews.com cut Manhattan Associates from a "buy" rating to a "hold" rating in a research note on Thursday, August 1st. Raymond James raised their price objective 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 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. Truist Financial raised their price target on shares of Manhattan Associates from $275.00 to $310.00 and gave the stock a "buy" rating in a research report on Friday, October 11th. Finally, Citigroup upped 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. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $286.38.

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.