Manhattan Associates, Inc. (NASDAQ:MANH) Stock Holdings Lowered by Apollon Wealth Management LLC

Apollon Wealth Management LLC trimmed its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 8.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,828 shares of the software maker’s stock after selling 158 shares during the period. Apollon Wealth Management LLC’s holdings in Manhattan Associates were worth $514,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Fidelis Capital Partners LLC boosted its position in shares of Manhattan Associates by 3.2% during the third quarter. Fidelis Capital Partners LLC now owns 1,279 shares of the software maker’s stock worth $347,000 after buying an additional 40 shares during the period. UMB Bank n.a. boosted its position in Manhattan Associates by 16.7% during the 3rd quarter. UMB Bank n.a. now owns 301 shares of the software maker’s stock worth $85,000 after acquiring an additional 43 shares during the period. SkyView Investment Advisors LLC grew its stake in shares of Manhattan Associates by 0.9% in the second 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 in the last quarter. iA Global Asset Management Inc. increased its holdings in shares of Manhattan Associates by 9.7% during the first quarter. iA Global Asset Management Inc. now owns 726 shares of the software maker’s stock valued at $182,000 after purchasing an additional 64 shares during the period. Finally, Greenwood Capital Associates LLC raised its stake in shares of Manhattan Associates by 2.1% during the third quarter. Greenwood Capital Associates LLC now owns 3,183 shares of the software maker’s stock valued at $896,000 after purchasing an additional 66 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MANH. DA Davidson increased their target price on shares of Manhattan Associates from $285.00 to $315.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Truist Financial raised their price objective on shares of Manhattan Associates from $275.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Citigroup increased their price target on Manhattan Associates from $257.00 to $287.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. StockNews.com downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Loop Capital raised 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Manhattan Associates presently has a consensus rating of “Moderate Buy” and a consensus target price of $286.38.

Manhattan Associates Trading Down 2.5 %

NASDAQ MANH opened at $272.62 on Friday. Manhattan Associates, Inc. has a 1 year low of $199.23 and a 1 year high of $307.50. The company has a market cap of $16.65 billion, a PE ratio of 77.45 and a beta of 1.52. The stock’s 50-day moving average price is $279.80 and its two-hundred day moving average price is $252.45.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings results on Tuesday, October 22nd. The software maker reported $1.35 earnings per share (EPS) for the quarter, beating 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 business had revenue of $266.70 million for the quarter, compared to analyst estimates of $262.90 million. During the same quarter in the previous year, the business earned $0.79 earnings per share. The firm’s revenue was up 11.9% compared to the same quarter last year. Research analysts forecast 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.