Manhattan Associates, Inc. (NASDAQ:MANH) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. grew its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 13.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,941 shares of the software maker’s stock after buying an additional 598 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Manhattan Associates were worth $1,391,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Innealta Capital LLC purchased a new position in Manhattan Associates in the 2nd quarter valued at approximately $26,000. International Assets Investment Management LLC acquired a new stake in shares of Manhattan Associates in the second quarter valued at $27,000. Capital Performance Advisors LLP purchased a new position in Manhattan Associates in the third quarter valued at $34,000. Ashton Thomas Private Wealth LLC acquired a new position in Manhattan Associates during the 2nd quarter worth $31,000. Finally, DT Investment Partners LLC purchased a new stake in Manhattan Associates during the 2nd quarter worth about $31,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Up 1.1 %

NASDAQ MANH opened at $287.39 on Thursday. Manhattan Associates, Inc. has a 52-week low of $199.23 and a 52-week high of $307.50. The firm has a 50-day moving average price of $278.83 and a 200 day moving average price of $251.49. The stock has a market capitalization of $17.55 billion, a P/E ratio of 81.65 and a beta of 1.52.

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

Wall Street Analysts Forecast Growth

MANH has been the subject of several recent research reports. Loop Capital lifted their price objective on Manhattan Associates from $265.00 to $285.00 and gave the company a “buy” rating in a research note on Monday, September 16th. 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 report on Wednesday, October 23rd. Citigroup increased their price objective on shares of Manhattan Associates from $257.00 to $287.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Robert W. Baird lifted 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. Finally, Raymond James increased their target price on Manhattan Associates from $255.00 to $305.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.