Manhattan Associates, Inc. (NASDAQ:MANH) Shares Acquired by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC increased its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 3.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,267 shares of the software maker’s stock after purchasing an additional 228 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Manhattan Associates were worth $1,763,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Innealta Capital LLC purchased a new stake in shares of Manhattan Associates in the 2nd quarter worth about $26,000. International Assets Investment Management LLC purchased a new stake in shares of Manhattan Associates in the second quarter valued at about $27,000. Capital Performance Advisors LLP purchased a new position in shares of Manhattan Associates during the 3rd quarter worth approximately $34,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Manhattan Associates during the 2nd quarter worth approximately $31,000. Finally, DT Investment Partners LLC acquired a new position in shares of Manhattan Associates during the 2nd quarter worth approximately $31,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Manhattan Associates Trading Down 2.5 %

MANH stock opened at $272.62 on Monday. The company has a market cap of $16.65 billion, a PE ratio of 77.45 and a beta of 1.52. The stock has a 50-day moving average price of $279.80 and a two-hundred day moving average price of $252.76. Manhattan Associates, Inc. has a 12-month low of $199.23 and a 12-month high of $307.50.

Manhattan Associates (NASDAQ:MANH) last posted its earnings results 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 the consensus estimate of $262.90 million. Manhattan Associates had a net margin of 21.38% and a return on equity of 84.55%. The company’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.79 EPS. Equities analysts forecast that Manhattan Associates, Inc. will post 3.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MANH. DA Davidson upped their target price on shares of Manhattan Associates from $285.00 to $315.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. StockNews.com downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Raymond James boosted their price target on Manhattan Associates from $255.00 to $305.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Citigroup raised their price objective on Manhattan Associates from $257.00 to $287.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Finally, Truist Financial upped 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. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average 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.