Swiss National Bank Buys 600 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Swiss National Bank boosted its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 0.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 182,820 shares of the software maker’s stock after purchasing an additional 600 shares during the period. Swiss National Bank’s holdings in Manhattan Associates were worth $51,442,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MANH. Fidelis Capital Partners LLC grew its position in Manhattan Associates by 3.2% in the 3rd quarter. Fidelis Capital Partners LLC now owns 1,279 shares of the software maker’s stock worth $347,000 after purchasing an additional 40 shares during the period. UMB Bank n.a. lifted its position in shares of Manhattan Associates by 16.7% in the third quarter. UMB Bank n.a. now owns 301 shares of the software maker’s stock valued at $85,000 after acquiring an additional 43 shares in the last quarter. SkyView Investment Advisors LLC boosted its stake in Manhattan Associates by 0.9% in the 2nd quarter. SkyView Investment Advisors LLC now owns 5,018 shares of the software maker’s stock worth $1,238,000 after purchasing an additional 46 shares during the period. Huntington National Bank boosted its position in shares of Manhattan Associates by 5.9% during the third quarter. Huntington National Bank now owns 879 shares of the software maker’s stock worth $247,000 after acquiring an additional 49 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in shares of Manhattan Associates by 3.3% during the 3rd quarter. CIBC Asset Management Inc now owns 1,798 shares of the software maker’s stock valued at $506,000 after purchasing an additional 58 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Robert W. Baird raised their target price 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. StockNews.com cut Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Loop Capital raised their price target on shares of Manhattan Associates from $265.00 to $285.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Citigroup lifted their target price on Manhattan Associates from $257.00 to $287.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Finally, Raymond James boosted their price target on shares of Manhattan Associates from $255.00 to $305.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $286.38.

Manhattan Associates Stock Performance

Manhattan Associates stock opened at $271.56 on Thursday. The stock has a 50-day moving average of $280.43 and a two-hundred day moving average of $253.75. The stock has a market cap of $16.59 billion, a PE ratio of 77.15 and a beta of 1.52. Manhattan Associates, Inc. has a one year low of $199.23 and a one year high of $307.50.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings results on Tuesday, October 22nd. The software maker reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.29. The company had revenue of $266.70 million during the quarter, compared to analysts’ expectations of $262.90 million. Manhattan Associates had a return on equity of 84.55% and a net margin of 21.38%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.79 EPS. As a group, sell-side analysts predict that Manhattan Associates, Inc. will post 3.4 EPS for the current fiscal year.

Manhattan Associates Company 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.