Manhattan Associates, Inc. (NASDAQ:MANH) Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC increased its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 22.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,324 shares of the software maker’s stock after buying an additional 1,897 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Manhattan Associates were worth $2,223,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC grew its stake in shares of Manhattan Associates by 28.8% during the 4th quarter. Lindbrook Capital LLC now owns 206 shares of the software maker’s stock valued at $44,000 after buying an additional 46 shares during the period. Signaturefd LLC grew its position in Manhattan Associates by 4.7% during the third quarter. Signaturefd LLC now owns 1,274 shares of the software maker’s stock valued at $252,000 after acquiring an additional 57 shares during the period. UMB Bank n.a. grew its position in Manhattan Associates by 25.9% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the software maker’s stock valued at $61,000 after acquiring an additional 58 shares during the period. Raleigh Capital Management Inc. increased its stake in Manhattan Associates by 19.3% during the third quarter. Raleigh Capital Management Inc. now owns 395 shares of the software maker’s stock worth $78,000 after acquiring an additional 64 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in shares of Manhattan Associates by 3.4% in the 4th quarter. QRG Capital Management Inc. now owns 2,424 shares of the software maker’s stock valued at $522,000 after purchasing an additional 80 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MANH has been the subject of a number of research analyst reports. Raymond James increased their target price on shares of Manhattan Associates from $214.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Redburn Atlantic assumed coverage on shares of Manhattan Associates in a research report on Tuesday. They issued a “buy” rating and a $260.00 price objective for the company. Citigroup reduced their target price on shares of Manhattan Associates from $260.00 to $220.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Truist Financial increased their price target on Manhattan Associates from $240.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Finally, William Blair restated a “market perform” rating on shares of Manhattan Associates in a research note on Wednesday, April 24th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $240.50.

Manhattan Associates Trading Up 0.0 %

MANH stock traded up $0.06 during trading on Thursday, reaching $223.51. The stock had a trading volume of 118,714 shares, compared to its average volume of 385,773. The firm has a fifty day moving average price of $234.12 and a 200 day moving average price of $228.41. The company has a market capitalization of $13.76 billion, a P/E ratio of 73.12 and a beta of 1.45. Manhattan Associates, Inc. has a 1-year low of $170.75 and a 1-year high of $266.94.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings results on Tuesday, April 23rd. The software maker reported $0.86 EPS for the quarter, topping the consensus estimate of $0.63 by $0.23. Manhattan Associates had a return on equity of 85.28% and a net margin of 19.91%. The business had revenue of $254.55 million for the quarter, compared to analysts’ expectations of $243.32 million. Sell-side analysts predict that Manhattan Associates, Inc. will post 2.72 EPS 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.