Mediolanum International Funds Ltd Has $5.61 Million Stock Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Mediolanum International Funds Ltd grew its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 602.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,042 shares of the software maker’s stock after purchasing an additional 17,187 shares during the period. Mediolanum International Funds Ltd’s holdings in Manhattan Associates were worth $5,607,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Tobam acquired a new stake in Manhattan Associates during the first quarter worth about $25,000. Innealta Capital LLC bought a new stake 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 in the 2nd quarter worth $27,000. DT Investment Partners LLC bought a new stake in shares of Manhattan Associates in the 2nd quarter valued at about $31,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Manhattan Associates in the second quarter worth $31,000. 98.45% of the stock is currently owned by institutional investors.

Manhattan Associates Price Performance

Shares of MANH stock opened at $275.70 on Friday. Manhattan Associates, Inc. has a one year low of $186.77 and a one year high of $307.50. The firm has a 50-day moving average of $274.95 and a 200-day moving average of $247.04. The company has a market cap of $16.89 billion, a P/E ratio of 78.32 and a beta of 1.50.

Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, October 22nd. The software maker reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.29. Manhattan Associates had a return on equity of 86.65% and a net margin of 21.38%. The business had revenue of $266.70 million during the quarter, compared to the consensus estimate of $262.90 million. During the same period last year, the business posted $0.79 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, research analysts expect that Manhattan Associates, Inc. will post 3.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Manhattan Associates

In other news, EVP James Stewart Gantt sold 6,000 shares of the stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $256.50, for a total value of $1,539,000.00. Following the transaction, the executive vice president now owns 46,287 shares of the company’s stock, valued at $11,872,615.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Robert W. Baird increased their price objective on shares of Manhattan Associates from $263.00 to $304.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Truist Financial upped their price target on shares of Manhattan Associates from $275.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Raymond James raised their price objective on Manhattan Associates from $255.00 to $305.00 and gave the company an “outperform” rating in a research report on Wednesday. Loop Capital upped their price target on shares of Manhattan Associates from $265.00 to $285.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Finally, DA Davidson boosted 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. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Manhattan Associates currently has a consensus rating of “Moderate Buy” and a consensus target price 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.