Brooklyn Investment Group Makes New $58,000 Investment in Manhattan Associates, Inc. (NASDAQ:MANH)

Brooklyn Investment Group purchased a new stake in Manhattan Associates, Inc. (NASDAQ:MANH) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 207 shares of the software maker’s stock, valued at approximately $58,000.

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

Manhattan Associates Stock Down 0.4 %

MANH opened at $287.68 on Friday. Manhattan Associates, Inc. has a 52-week low of $199.23 and a 52-week high of $307.50. The firm has a market capitalization of $17.57 billion, a P/E ratio of 81.73 and a beta of 1.52. The firm’s 50 day moving average is $282.02 and its 200-day moving average is $256.13.

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

Analyst Ratings Changes

Several equities analysts recently weighed in on MANH shares. Robert W. Baird increased their target price on Manhattan Associates from $263.00 to $304.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Loop Capital raised their target price 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. Citigroup increased their price target on shares of Manhattan Associates from $257.00 to $287.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Piper Sandler started coverage on shares of Manhattan Associates in a research note on Monday. They set an “overweight” rating and a $326.00 price objective for the company. Finally, Raymond James upped their price target on Manhattan Associates from $255.00 to $305.00 and gave the stock an “outperform” rating in a research note 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.