Manhattan Associates, Inc. (NASDAQ:MANH) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 3.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 13,433 shares of the software maker’s stock after selling 439 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Manhattan Associates were worth $3,780,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MANH. Fiera Capital Corp acquired a new position in Manhattan Associates in the 2nd quarter valued at $44,705,000. Squarepoint Ops LLC increased its holdings in shares of Manhattan Associates by 448.9% during the 2nd quarter. Squarepoint Ops LLC now owns 160,649 shares of the software maker’s stock worth $39,629,000 after buying an additional 131,381 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Manhattan Associates by 118.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 173,644 shares of the software maker’s stock worth $48,860,000 after buying an additional 94,283 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Manhattan Associates by 27.2% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 385,311 shares of the software maker’s stock worth $94,898,000 after buying an additional 82,420 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Manhattan Associates during the 2nd quarter worth $19,606,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Associates Price Performance

NASDAQ:MANH opened at $272.62 on Friday. The firm has a 50-day moving average of $279.80 and a two-hundred day moving average of $252.13. The stock has a market cap of $16.65 billion, a P/E ratio of 77.45 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.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data 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 company had revenue of $266.70 million during the quarter, compared to analysts’ expectations of $262.90 million. Manhattan Associates had a net margin of 21.38% and a return on equity of 84.55%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.79 EPS. As a group, equities analysts expect that Manhattan Associates, Inc. will post 3.4 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MANH. Robert W. Baird upped their price objective on Manhattan Associates from $263.00 to $304.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. StockNews.com downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. DA Davidson increased their price target on Manhattan Associates from $285.00 to $315.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Truist Financial increased their price target on Manhattan Associates from $275.00 to $310.00 and gave the company a “buy” rating in a report on Friday, October 11th. Finally, Raymond James increased 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. Four equities 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $286.38.

Manhattan Associates 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.