Citigroup Inc. Has $18.12 Million Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Citigroup Inc. lessened its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 4.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 64,409 shares of the software maker’s stock after selling 3,196 shares during the period. Citigroup Inc. owned 0.11% of Manhattan Associates worth $18,123,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in MANH. Massachusetts Financial Services Co. MA acquired a new position in Manhattan Associates in the third quarter valued at about $234,249,000. Bank of New York Mellon Corp increased its stake in shares of 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 valued at $149,023,000 after acquiring an additional 2,156 shares during the last quarter. RGM Capital LLC raised its position in shares of Manhattan Associates by 4.1% in the 2nd quarter. RGM Capital LLC now owns 583,037 shares of the software maker’s stock valued at $143,824,000 after acquiring an additional 23,000 shares during the period. Dimensional Fund Advisors LP boosted its stake in Manhattan Associates by 20.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 441,314 shares of the software maker’s stock worth $108,881,000 after acquiring an additional 76,378 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its holdings in Manhattan Associates by 27.2% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 385,311 shares of the software maker’s stock valued at $94,898,000 after purchasing an additional 82,420 shares during the period. Institutional investors own 98.45% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Loop Capital increased their target price on shares of Manhattan Associates from $265.00 to $285.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Piper Sandler assumed coverage on Manhattan Associates in a research note on Monday. They issued an “overweight” rating and a $326.00 target price for the company. StockNews.com lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Robert W. Baird boosted their price objective on Manhattan Associates from $263.00 to $304.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Finally, DA Davidson raised their target price 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. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Manhattan Associates currently has a consensus rating of “Moderate Buy” and an average price target of $290.78.

Manhattan Associates Trading Down 0.4 %

Manhattan Associates stock opened at $287.68 on Thursday. Manhattan Associates, Inc. has a 1-year low of $199.23 and a 1-year high of $307.50. The company has a fifty day simple moving average of $281.65 and a 200 day simple moving average of $255.91. The company has a market cap of $17.57 billion, a P/E ratio of 81.73 and a beta of 1.52.

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

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.