O Shaughnessy Asset Management LLC Buys 433 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

O Shaughnessy Asset Management LLC increased its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,174 shares of the software maker’s stock after acquiring an additional 433 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Manhattan Associates were worth $6,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Gulf International Bank UK Ltd raised its stake in shares of Manhattan Associates by 75.7% during the fourth quarter. Gulf International Bank UK Ltd now owns 6,123 shares of the software maker’s stock valued at $1,318,000 after acquiring an additional 2,638 shares during the last quarter. AustralianSuper Pty Ltd purchased a new stake in Manhattan Associates in the 4th quarter worth approximately $604,000. Raymond James Financial Services Advisors Inc. grew its position in shares of Manhattan Associates by 124.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 3,479 shares of the software maker’s stock worth $749,000 after buying an additional 1,931 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Manhattan Associates by 5.1% in the 4th quarter. Pacer Advisors Inc. now owns 12,860 shares of the software maker’s stock worth $2,769,000 after buying an additional 628 shares during the last quarter. Finally, Highland Capital Management LLC purchased a new position in shares of Manhattan Associates during the fourth quarter valued at approximately $1,142,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MANH. Citigroup lifted their price target on shares of Manhattan Associates from $220.00 to $257.00 and gave the company a “neutral” rating in a report on Friday, June 28th. Redburn Atlantic initiated coverage on shares of Manhattan Associates in a research note on Tuesday, May 14th. They set a “buy” rating and a $260.00 target price on the stock. Rosenblatt Securities reissued a “neutral” rating and issued a $225.00 price target on shares of Manhattan Associates in a research note on Wednesday, April 24th. Loop Capital raised their price objective on shares of Manhattan Associates from $250.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, William Blair reiterated a “market perform” rating on shares of Manhattan Associates in a report on Wednesday, April 24th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Manhattan Associates currently has a consensus rating of “Moderate Buy” and an average target price of $257.43.

Manhattan Associates Stock Up 10.5 %

Shares of MANH stock traded up $23.83 during trading hours on Wednesday, hitting $249.83. 1,455,344 shares of the company’s stock traded hands, compared to its average volume of 419,821. The stock’s fifty day simple moving average is $231.82 and its two-hundred day simple moving average is $233.87. Manhattan Associates, Inc. has a 12-month low of $182.97 and a 12-month high of $266.94. The stock has a market cap of $15.38 billion, a price-to-earnings ratio of 81.62 and a beta of 1.50.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data on Tuesday, July 23rd. The software maker reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.22. Manhattan Associates had a return on equity of 85.28% and a net margin of 19.91%. The business had revenue of $265.30 million during the quarter, compared to analysts’ expectations of $255.83 million. During the same quarter in the previous year, the business earned $0.63 earnings per share. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, equities analysts forecast that Manhattan Associates, Inc. will post 2.72 earnings per share for the current fiscal year.

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.