Inscription Capital LLC Invests $245,000 in Manhattan Associates, Inc. (NASDAQ:MANH)

Inscription Capital LLC acquired a new position in Manhattan Associates, Inc. (NASDAQ:MANH) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 871 shares of the software maker’s stock, valued at approximately $245,000.

Several other large investors also recently bought and sold shares of MANH. GAMMA Investing LLC increased its position in shares of Manhattan Associates by 47.5% during the third quarter. GAMMA Investing LLC now owns 1,186 shares of the software maker’s stock worth $334,000 after purchasing an additional 382 shares in the last quarter. Boston Trust Walden Corp raised its position in shares of Manhattan Associates by 3.3% in the second quarter. Boston Trust Walden Corp now owns 109,542 shares of the software maker’s stock valued at $27,022,000 after buying an additional 3,525 shares during the last quarter. Mediolanum International Funds Ltd raised its position in shares of Manhattan Associates by 602.0% in the third quarter. Mediolanum International Funds Ltd now owns 20,042 shares of the software maker’s stock valued at $5,607,000 after buying an additional 17,187 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Manhattan Associates in the first quarter worth about $2,407,000. Finally, SG Americas Securities LLC boosted its position in Manhattan Associates by 399.7% during the first quarter. SG Americas Securities LLC now owns 13,417 shares of the software maker’s stock worth $3,357,000 after acquiring an additional 10,732 shares during the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Manhattan Associates Stock Performance

Shares of MANH stock opened at $275.39 on Tuesday. Manhattan Associates, Inc. has a one year low of $186.77 and a one year high of $307.50. The firm’s 50 day moving average price is $275.26 and its 200-day moving average price is $247.35. The firm has a market cap of $16.96 billion, a P/E ratio of 90.00 and a beta of 1.50.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings results on Tuesday, October 22nd. The software maker reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.29. Manhattan Associates had a return on equity of 86.65% and a net margin of 21.38%. The company had revenue of $266.70 million for the quarter, compared to analysts’ expectations of $262.90 million. During the same period in the prior year, the firm earned $0.79 earnings per share. The firm’s revenue was up 11.9% compared to the same quarter last year. As a group, research analysts predict that Manhattan Associates, Inc. will post 3.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Robert W. Baird increased their price objective on shares of Manhattan Associates from $263.00 to $304.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Citigroup lifted their price objective on Manhattan Associates from $257.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Truist Financial upped their target price on 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 Manhattan Associates from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Loop Capital upped their price objective on shares of Manhattan Associates from $265.00 to $285.00 and gave the company a “buy” rating in a report on Monday, September 16th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Manhattan Associates presently has a consensus rating of “Moderate Buy” and a consensus target price of $286.38.

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.