Hennion & Walsh Asset Management Inc. Increases Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Hennion & Walsh Asset Management Inc. grew its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 67.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,312 shares of the software maker’s stock after acquiring an additional 1,337 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Manhattan Associates were worth $829,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Capital Insight Partners LLC increased its stake in Manhattan Associates by 0.7% during the 1st quarter. Capital Insight Partners LLC now owns 14,980 shares of the software maker’s stock valued at $3,748,000 after purchasing an additional 106 shares in the last quarter. Janiczek Wealth Management LLC grew its holdings in shares of Manhattan Associates by 4.6% during the first quarter. Janiczek Wealth Management LLC now owns 1,492 shares of the software maker’s stock valued at $373,000 after buying an additional 65 shares during the last quarter. DGS Capital Management LLC increased its position in shares of Manhattan Associates by 13.4% during the first quarter. DGS Capital Management LLC now owns 7,412 shares of the software maker’s stock valued at $1,855,000 after acquiring an additional 877 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in Manhattan Associates by 57.1% in the 1st quarter. Sunbelt Securities Inc. now owns 779 shares of the software maker’s stock worth $195,000 after acquiring an additional 283 shares during the last quarter. Finally, FCF Advisors LLC raised its holdings in Manhattan Associates by 5.6% in the 1st quarter. FCF Advisors LLC now owns 9,346 shares of the software maker’s stock worth $2,339,000 after acquiring an additional 494 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

Shares of Manhattan Associates stock opened at $245.28 on Tuesday. The stock has a market cap of $15.10 billion, a P/E ratio of 80.16 and a beta of 1.50. The stock’s fifty day moving average is $224.07 and its 200 day moving average is $231.28. Manhattan Associates, Inc. has a one year low of $182.97 and a one year high of $266.94.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Tuesday, April 23rd. The software maker reported $0.86 EPS for the quarter, topping the consensus estimate of $0.63 by $0.23. Manhattan Associates had a return on equity of 85.28% and a net margin of 19.91%. The firm had revenue of $254.55 million for the quarter, compared to the consensus estimate of $243.32 million. Analysts predict that Manhattan Associates, Inc. will post 2.72 EPS for the current year.

Wall Street Analysts Forecast Growth

MANH has been the subject of several recent analyst reports. Citigroup boosted their price target on Manhattan Associates from $220.00 to $257.00 and gave the stock a “neutral” rating in a research note on Friday. DA Davidson raised their price target on shares of Manhattan Associates from $240.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, May 16th. William Blair reissued a “market perform” rating on shares of Manhattan Associates in a report on Wednesday, April 24th. Rosenblatt Securities restated a “neutral” rating and issued a $225.00 target price on shares of Manhattan Associates in a report on Wednesday, April 24th. Finally, Redburn Atlantic assumed coverage on shares of Manhattan Associates in a research note on Tuesday, May 14th. They set a “buy” rating and a $260.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.13.

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.