CreativeOne Wealth LLC Acquires 3,958 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

CreativeOne Wealth LLC lifted its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 472.3% in the 3rd quarter, Holdings Channel reports. The fund owned 4,796 shares of the software maker’s stock after acquiring an additional 3,958 shares during the quarter. CreativeOne Wealth LLC’s holdings in Manhattan Associates were worth $1,349,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of research firms have recently issued reports on MANH. DA Davidson lifted their price objective 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. Raymond James increased their price objective on shares of Manhattan Associates from $255.00 to $305.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Truist Financial lifted 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. Piper Sandler started coverage on Manhattan Associates in a research report on Monday. They set an “overweight” rating and a $326.00 price target for the company. Finally, StockNews.com lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Manhattan Associates currently has a consensus rating of “Moderate Buy” and an average price target of $290.78.

Manhattan Associates Trading Down 0.4 %

MANH opened at $287.68 on Friday. The stock’s fifty day simple moving average is $282.02 and its 200 day simple moving average is $256.13. Manhattan Associates, Inc. has a 1-year low of $199.23 and a 1-year high of $307.50. The stock has a market cap of $17.57 billion, a PE ratio of 81.73 and a beta of 1.52.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Tuesday, October 22nd. The software maker reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.29. The company had revenue of $266.70 million for the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $0.79 earnings per share. Equities analysts forecast that Manhattan Associates, Inc. will post 3.4 earnings per share for the current 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.