DekaBank Deutsche Girozentrale Lowers Stock Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

DekaBank Deutsche Girozentrale decreased its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 41.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,340 shares of the software maker’s stock after selling 8,781 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Manhattan Associates were worth $3,442,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Manhattan Associates by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 6,671,321 shares of the software maker’s stock valued at $1,669,365,000 after buying an additional 58,905 shares in the last quarter. TD Asset Management Inc lifted its stake in Manhattan Associates by 10.5% in the 1st quarter. TD Asset Management Inc now owns 607,167 shares of the software maker’s stock worth $151,931,000 after purchasing an additional 57,859 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Manhattan Associates by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 604,115 shares of the software maker’s stock worth $149,023,000 after purchasing an additional 2,156 shares in the last quarter. RGM Capital LLC lifted its stake in Manhattan Associates by 4.1% in the 2nd quarter. RGM Capital LLC now owns 583,037 shares of the software maker’s stock worth $143,824,000 after purchasing an additional 23,000 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in Manhattan Associates by 0.3% in the 1st quarter. Bessemer Group Inc. now owns 561,901 shares of the software maker’s stock worth $140,604,000 after purchasing an additional 1,757 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Manhattan Associates Trading Down 0.9 %

Shares of NASDAQ:MANH opened at $263.36 on Friday. The company has a market capitalization of $16.08 billion, a price-to-earnings ratio of 74.82 and a beta of 1.50. Manhattan Associates, Inc. has a 12 month low of $189.16 and a 12 month high of $307.50. The firm’s 50-day moving average is $275.74 and its 200 day moving average is $247.76.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings results on Tuesday, October 22nd. The software maker reported $1.35 EPS 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 the consensus estimate of $262.90 million. Manhattan Associates had a net margin of 21.38% and a return on equity of 86.65%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.79 EPS. As a group, equities analysts forecast that Manhattan Associates, Inc. will post 3.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MANH has been the topic of several research analyst reports. Truist Financial boosted their price target on shares of Manhattan Associates from $275.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. DA Davidson boosted their price target on shares of Manhattan Associates from $285.00 to $315.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Robert W. Baird upped their target price on shares of 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 shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Raymond James upped their target price on shares of Manhattan Associates from $255.00 to $305.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $286.38.

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.