Harvest Fund Management Co. Ltd Boosts Stake in Manhattan Associates, Inc. (NASDAQ:MANH)

Harvest Fund Management Co. Ltd lifted its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANHFree Report) by 76.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,351 shares of the software maker’s stock after purchasing an additional 1,453 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Manhattan Associates were worth $943,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MANH. Massachusetts Financial Services Co. MA purchased a new stake in shares of Manhattan Associates during the 3rd quarter worth approximately $234,249,000. Fiera Capital Corp purchased a new stake in shares of Manhattan Associates during the 2nd quarter worth approximately $44,705,000. Squarepoint Ops LLC increased its stake in shares of Manhattan Associates by 448.9% during the 2nd quarter. Squarepoint Ops LLC now owns 160,649 shares of the software maker’s stock worth $39,629,000 after purchasing an additional 131,381 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Manhattan Associates by 118.8% during the 3rd 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 last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in shares of Manhattan Associates by 27.2% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 385,311 shares of the software maker’s stock worth $94,898,000 after purchasing an additional 82,420 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Manhattan Associates Price Performance

Shares of NASDAQ:MANH opened at $290.74 on Tuesday. The firm has a fifty day moving average price of $281.33 and a two-hundred day moving average price of $255.41. Manhattan Associates, Inc. has a one year low of $199.23 and a one year high of $307.50. The company has a market cap of $17.76 billion, a price-to-earnings ratio of 82.60 and a beta of 1.52.

Manhattan Associates (NASDAQ:MANHGet Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The software maker reported $1.35 earnings per share (EPS) 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 company had revenue of $266.70 million during the quarter, compared to the consensus estimate of $262.90 million. During the same period in the previous year, the firm posted $0.79 EPS. The firm’s revenue was up 11.9% compared to the same quarter last year. Equities research analysts expect that Manhattan Associates, Inc. will post 3.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MANH has been the subject of several analyst reports. Robert W. Baird raised their price objective on shares of Manhattan Associates from $263.00 to $304.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Raymond James raised their price objective on shares of Manhattan Associates from $255.00 to $305.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Loop Capital raised 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 raised their price objective on shares of Manhattan Associates from $285.00 to $315.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Piper Sandler initiated coverage on shares of Manhattan Associates in a report on Monday. They issued an “overweight” rating and a $326.00 price objective for the company. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Manhattan Associates has an average rating of “Moderate Buy” and a consensus price target of $290.78.

Get Our Latest Analysis on Manhattan Associates

About Manhattan Associates

(Free Report)

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.

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Institutional Ownership by Quarter for Manhattan Associates (NASDAQ:MANH)

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