BNP Paribas Financial Markets Has $19.98 Million Stock Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

BNP Paribas Financial Markets reduced its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 3.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,996 shares of the software maker’s stock after selling 2,240 shares during the quarter. BNP Paribas Financial Markets’ holdings in Manhattan Associates were worth $19,977,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its position in Manhattan Associates by 18.7% during the first quarter. Janus Henderson Group PLC now owns 2,746 shares of the software maker’s stock valued at $687,000 after acquiring an additional 432 shares during the last quarter. Swedbank AB bought a new stake in shares of Manhattan Associates during the 1st quarter valued at about $4,759,000. Atria Investments Inc grew its stake in Manhattan Associates by 3.3% during the first quarter. Atria Investments Inc now owns 5,574 shares of the software maker’s stock worth $1,395,000 after purchasing an additional 177 shares during the period. HM Payson & Co. increased its holdings in Manhattan Associates by 51.2% in the first quarter. HM Payson & Co. now owns 786 shares of the software maker’s stock worth $197,000 after purchasing an additional 266 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Manhattan Associates by 11.4% in the second quarter. GAMMA Investing LLC now owns 804 shares of the software maker’s stock valued at $198,000 after buying an additional 82 shares during the period. 98.45% of the stock is currently owned by institutional investors.

Manhattan Associates Stock Performance

Shares of MANH opened at $285.44 on Friday. The firm has a market capitalization of $17.43 billion, a P/E ratio of 81.09 and a beta of 1.52. Manhattan Associates, Inc. has a 52 week low of $199.23 and a 52 week high of $307.50. The stock has a 50 day moving average price of $282.46 and a two-hundred day moving average price of $256.85.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Tuesday, October 22nd. The software maker reported $1.35 earnings per share (EPS) for the quarter, topping 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 business had revenue of $266.70 million during the quarter, compared to the consensus estimate of $262.90 million. During the same quarter in the prior year, the company posted $0.79 earnings per share. Manhattan Associates’s revenue was up 11.9% compared to the same quarter last year. On average, equities analysts forecast that Manhattan Associates, Inc. will post 3.4 earnings per share for the current year.

Insider Activity

In other news, EVP James Stewart Gantt sold 3,475 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $288.10, for a total value of $1,001,147.50. Following the transaction, the executive vice president now owns 42,812 shares in the company, valued at $12,334,137.20. The trade was a 7.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Piper Sandler started coverage on shares of Manhattan Associates in a research note on Monday, November 25th. They issued an “overweight” rating and a $326.00 price objective for the company. Citigroup lifted their price target on shares of Manhattan Associates from $257.00 to $287.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Loop Capital increased their price objective on shares of Manhattan Associates from $265.00 to $285.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Robert W. Baird boosted their target price 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 increased their price target on 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 issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $290.78.

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.