Private Advisor Group LLC Buys 113 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Private Advisor Group LLC lifted its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 8.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,376 shares of the software maker’s stock after purchasing an additional 113 shares during the quarter. Private Advisor Group LLC’s holdings in Manhattan Associates were worth $387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Innealta Capital LLC purchased a new position in shares of Manhattan Associates in the second quarter worth $26,000. International Assets Investment Management LLC purchased a new position in shares of Manhattan Associates in the second quarter worth $27,000. DT Investment Partners LLC purchased a new position in shares of Manhattan Associates in the second quarter worth $31,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Manhattan Associates in the second quarter worth $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Manhattan Associates in the second quarter worth $37,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Robert W. Baird upped their price objective on Manhattan Associates from $263.00 to $304.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. StockNews.com cut Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Citigroup upped their price objective on Manhattan Associates from $257.00 to $287.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. DA Davidson upped their price objective on Manhattan Associates from $285.00 to $315.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Loop Capital upped their price objective on Manhattan Associates from $265.00 to $285.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Manhattan Associates has an average rating of “Moderate Buy” and a consensus price target of $286.38.

Manhattan Associates Stock Performance

NASDAQ:MANH opened at $266.43 on Wednesday. The stock has a 50-day simple moving average of $275.96 and a two-hundred day simple moving average of $248.61. Manhattan Associates, Inc. has a 52-week low of $199.23 and a 52-week high of $307.50. The firm has a market capitalization of $16.27 billion, a PE ratio of 75.69 and a beta of 1.52.

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 the consensus estimate 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 during the quarter, compared to analyst estimates of $262.90 million. During the same quarter in the previous year, the company posted $0.79 earnings per share. Manhattan Associates’s revenue for the quarter was up 11.9% on a year-over-year basis. Equities analysts forecast that Manhattan Associates, Inc. will post 3.4 earnings per share for the current fiscal year.

Manhattan Associates 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.