First Horizon Advisors Inc. Has $92,000 Stake in Manhattan Associates, Inc. (NASDAQ:MANH)

First Horizon Advisors Inc. raised its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 40.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 327 shares of the software maker’s stock after buying an additional 95 shares during the quarter. First Horizon Advisors Inc.’s holdings in Manhattan Associates were worth $92,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Innealta Capital LLC acquired a new position in Manhattan Associates during the second quarter valued at approximately $26,000. International Assets Investment Management LLC acquired a new position in shares of Manhattan Associates in the 2nd quarter valued at $27,000. Capital Performance Advisors LLP bought a new stake in shares of Manhattan Associates in the 3rd quarter valued at $34,000. Ashton Thomas Private Wealth LLC acquired a new stake in Manhattan Associates during the 2nd quarter worth $31,000. Finally, DT Investment Partners LLC bought a new position in Manhattan Associates during the second quarter worth about $31,000. 98.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MANH shares. Citigroup increased their price target on Manhattan Associates from $257.00 to $287.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Robert W. Baird raised their target price on shares of Manhattan Associates from $263.00 to $304.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Truist Financial upped their price target on shares of Manhattan Associates from $275.00 to $310.00 and gave the company a “buy” rating in a report on Friday, October 11th. StockNews.com lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, DA Davidson upped their target price 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. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $286.38.

Manhattan Associates Trading Up 3.1 %

Manhattan Associates stock opened at $280.40 on Friday. The company has a fifty day simple moving average of $280.92 and a 200 day simple moving average of $254.61. Manhattan Associates, Inc. has a 1-year low of $199.23 and a 1-year high of $307.50. The company has a market cap of $17.13 billion, a P/E ratio of 79.66 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 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.