CIBC Asset Management Inc Has $506,000 Position in Manhattan Associates, Inc. (NASDAQ:MANH)

CIBC Asset Management Inc raised its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 3.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,798 shares of the software maker’s stock after purchasing an additional 58 shares during the quarter. CIBC Asset Management Inc’s holdings in Manhattan Associates were worth $506,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MANH. Bank of New York Mellon Corp boosted its position in shares of Manhattan Associates by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 604,115 shares of the software maker’s stock valued at $149,023,000 after buying an additional 2,156 shares during the last quarter. RGM Capital LLC grew its stake in shares of Manhattan Associates by 4.1% in the 2nd quarter. RGM Capital LLC now owns 583,037 shares of the software maker’s stock worth $143,824,000 after acquiring an additional 23,000 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Manhattan Associates by 20.9% in the second quarter. Dimensional Fund Advisors LP now owns 441,314 shares of the software maker’s stock valued at $108,881,000 after purchasing an additional 76,378 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Manhattan Associates by 7.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 426,729 shares of the software maker’s stock valued at $106,782,000 after purchasing an additional 29,063 shares in the last quarter. Finally, Epoch Investment Partners Inc. boosted its holdings in Manhattan Associates by 6.5% during the first quarter. Epoch Investment Partners Inc. now owns 393,450 shares of the software maker’s stock worth $98,453,000 after purchasing an additional 24,098 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Manhattan Associates Price Performance

Shares of Manhattan Associates stock opened at $271.80 on Friday. The company has a 50 day simple moving average of $280.59 and a two-hundred day simple moving average of $253.88. The firm has a market cap of $16.60 billion, a PE ratio of 77.21 and a beta of 1.52. Manhattan Associates, Inc. has a 1 year low of $199.23 and a 1 year high of $307.50.

Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, October 22nd. The software maker reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.29. Manhattan Associates had a return on equity of 84.55% and a net margin of 21.38%. The business had revenue of $266.70 million for the quarter, compared to analysts’ expectations of $262.90 million. During the same quarter in the prior year, the firm earned $0.79 earnings per share. The firm’s revenue was up 11.9% on a year-over-year basis. As a group, research analysts anticipate that Manhattan Associates, Inc. will post 3.4 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MANH shares. StockNews.com lowered Manhattan Associates from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Truist Financial raised their target price on Manhattan Associates from $275.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Citigroup boosted their price target 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. 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, Loop Capital boosted their target price on Manhattan Associates from $265.00 to $285.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from 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.