GHP Investment Advisors Inc. Reduces Position in Manhattan Associates, Inc. (NASDAQ:MANH)

GHP Investment Advisors Inc. decreased its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 1.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 15,326 shares of the software maker’s stock after selling 198 shares during the period. GHP Investment Advisors Inc.’s holdings in Manhattan Associates were worth $4,312,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its holdings in Manhattan Associates by 21.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,535 shares of the software maker’s stock worth $713,000 after acquiring an additional 455 shares during the last quarter. Mediolanum International Funds Ltd boosted its holdings 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 worth $5,607,000 after purchasing an additional 17,187 shares during the period. Silver Oak Securities Incorporated purchased a new stake in shares of Manhattan Associates during the third quarter worth about $630,000. E. Ohman J or Asset Management AB grew its stake in shares of Manhattan Associates by 23.9% in the third quarter. E. Ohman J or Asset Management AB now owns 2,850 shares of the software maker’s stock worth $802,000 after purchasing an additional 550 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in Manhattan Associates by 44,409.1% during the 3rd quarter. International Assets Investment Management LLC now owns 48,960 shares of the software maker’s stock valued at $13,776,000 after purchasing an additional 48,850 shares during the period. 98.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MANH has been the subject of several research analyst reports. StockNews.com cut Manhattan Associates from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Truist Financial raised their price target on Manhattan Associates from $275.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Robert W. Baird lifted their price target 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. Citigroup upped their price objective on shares of Manhattan Associates from $257.00 to $287.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Finally, DA Davidson lifted their target price on shares of Manhattan Associates from $285.00 to $315.00 and gave the company a “buy” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Manhattan Associates currently has a consensus rating of “Moderate Buy” and a consensus price target of $286.38.

Manhattan Associates Trading Up 0.8 %

Shares of MANH stock opened at $275.70 on Friday. The company’s fifty day moving average price is $274.95 and its 200-day moving average price is $247.04. The stock has a market cap of $16.89 billion, a PE ratio of 78.32 and a beta of 1.50. Manhattan Associates, Inc. has a 12 month low of $186.77 and a 12 month high of $307.50.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Tuesday, October 22nd. The software maker reported $1.35 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 86.65%. The business had revenue of $266.70 million for the quarter, compared to analyst estimates of $262.90 million. During the same quarter in the previous year, the firm posted $0.79 earnings per share. Manhattan Associates’s quarterly revenue was up 11.9% on a year-over-year basis. On average, sell-side analysts forecast that Manhattan Associates, Inc. will post 3.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Manhattan Associates news, EVP James Stewart Gantt sold 6,000 shares of Manhattan Associates stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $256.50, for a total transaction of $1,539,000.00. Following the completion of the transaction, the executive vice president now owns 46,287 shares in the company, valued at approximately $11,872,615.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.72% of the stock is currently owned by company insiders.

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.