Raymond James Trust N.A. Has $630,000 Stock Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Raymond James Trust N.A. grew its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 10.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,239 shares of the software maker’s stock after buying an additional 204 shares during the period. Raymond James Trust N.A.’s holdings in Manhattan Associates were worth $630,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. GAMMA Investing LLC grew its stake in Manhattan Associates by 47.5% in the third quarter. GAMMA Investing LLC now owns 1,186 shares of the software maker’s stock valued at $334,000 after acquiring an additional 382 shares during the period. Boston Trust Walden Corp lifted its holdings in shares of Manhattan Associates by 3.3% during the 2nd quarter. Boston Trust Walden Corp now owns 109,542 shares of the software maker’s stock valued at $27,022,000 after purchasing an additional 3,525 shares in the last quarter. Mediolanum International Funds Ltd grew its position in shares of Manhattan Associates by 602.0% in the 3rd quarter. Mediolanum International Funds Ltd now owns 20,042 shares of the software maker’s stock valued at $5,607,000 after purchasing an additional 17,187 shares during the period. Chartwell Investment Partners LLC increased its stake in Manhattan Associates by 31.1% during the 3rd quarter. Chartwell Investment Partners LLC now owns 21,557 shares of the software maker’s stock worth $6,065,000 after purchasing an additional 5,119 shares in the last quarter. Finally, M&G Plc raised its holdings in Manhattan Associates by 2.1% during the 2nd quarter. M&G Plc now owns 316,243 shares of the software maker’s stock worth $78,112,000 after buying an additional 6,511 shares during the period. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Trading Up 3.7 %

NASDAQ:MANH opened at $290.74 on Tuesday. The stock has a market capitalization of $17.76 billion, a PE ratio of 82.60 and a beta of 1.52. Manhattan Associates, Inc. has a 1-year low of $199.23 and a 1-year high of $307.50. The firm has a fifty day simple moving average of $281.33 and a 200 day simple moving average of $255.41.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data on Tuesday, October 22nd. The software maker reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.29. The company had revenue of $266.70 million during the quarter, compared to the consensus estimate of $262.90 million. Manhattan Associates had a net margin of 21.38% and a return on equity of 84.55%. The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.79 EPS. On average, equities analysts predict that Manhattan Associates, Inc. will post 3.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MANH has been the subject of several research reports. StockNews.com downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Citigroup lifted 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. Raymond James boosted their price target on Manhattan Associates from $255.00 to $305.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Loop Capital increased their price objective on Manhattan Associates from $265.00 to $285.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Finally, Piper Sandler began coverage on Manhattan Associates in a research note on Monday. They issued an “overweight” rating and a $326.00 target price on the stock. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $290.78.

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.