Manhattan Associates, Inc. (NASDAQ:MANH) Shares Acquired by Alpha DNA Investment Management LLC

Alpha DNA Investment Management LLC grew its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 13.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,167 shares of the software maker’s stock after purchasing an additional 382 shares during the period. Alpha DNA Investment Management LLC’s holdings in Manhattan Associates were worth $891,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MANH. Larson Financial Group LLC raised its holdings in Manhattan Associates by 1.6% during the 3rd quarter. Larson Financial Group LLC now owns 21,267 shares of the software maker’s stock worth $5,984,000 after buying an additional 343 shares during the period. Cerity Partners LLC raised its holdings in shares of Manhattan Associates by 45.8% during the third quarter. Cerity Partners LLC now owns 19,622 shares of the software maker’s stock valued at $5,521,000 after acquiring an additional 6,162 shares during the period. Raymond James Trust N.A. lifted its position in shares of Manhattan Associates by 10.0% in the 3rd quarter. Raymond James Trust N.A. now owns 2,239 shares of the software maker’s stock valued at $630,000 after acquiring an additional 204 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in Manhattan Associates by 4.1% in the 3rd quarter. Eagle Asset Management Inc. now owns 39,163 shares of the software maker’s stock worth $11,102,000 after purchasing an additional 1,527 shares during the period. Finally, Banco Santander S.A. grew its position in Manhattan Associates by 1.3% during the 3rd quarter. Banco Santander S.A. now owns 73,240 shares of the software maker’s stock worth $20,608,000 after purchasing an additional 955 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Manhattan Associates Stock Up 3.1 %

NASDAQ MANH opened at $280.40 on Friday. The stock has a market capitalization of $17.13 billion, a PE ratio of 79.66 and a beta of 1.52. Manhattan Associates, Inc. has a 12-month low of $199.23 and a 12-month high of $307.50. The company has a 50 day moving average price of $280.92 and a two-hundred day moving average price of $254.61.

Manhattan Associates (NASDAQ:MANH) last issued 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. The firm had revenue of $266.70 million during the quarter, compared to analysts’ expectations of $262.90 million. Manhattan Associates had a net margin of 21.38% and a return on equity of 84.55%. Manhattan Associates’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.79 earnings per share. As a group, equities analysts anticipate that Manhattan Associates, Inc. will post 3.4 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MANH. Raymond James increased their target price on Manhattan Associates from $255.00 to $305.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Truist Financial lifted their target price on Manhattan Associates from $275.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, October 11th. DA Davidson increased their price target on shares of Manhattan Associates from $285.00 to $315.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Loop Capital boosted their price objective on shares of Manhattan Associates from $265.00 to $285.00 and gave the company a “buy” rating in a research report on Monday, September 16th. 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 research note on Wednesday, September 25th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $286.38.

About Manhattan Associates

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.