International Assets Investment Management LLC Acquires 48,850 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

International Assets Investment Management LLC raised its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 44,409.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,960 shares of the software maker’s stock after buying an additional 48,850 shares during the period. International Assets Investment Management LLC owned about 0.08% of Manhattan Associates worth $13,776,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Tobam bought a new position in shares of Manhattan Associates in the first quarter valued at $25,000. Innealta Capital LLC bought a new position in shares of Manhattan Associates during the second quarter valued at about $26,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Manhattan Associates during the second quarter valued at about $31,000. DT Investment Partners LLC bought a new position in shares of Manhattan Associates during the second quarter valued at about $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Manhattan Associates during the second quarter valued at about $37,000. 98.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MANH. Raymond James raised their price target on shares of Manhattan Associates from $255.00 to $305.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Citigroup raised their price target on shares of Manhattan Associates from $257.00 to $287.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Robert W. Baird raised their price target on shares of Manhattan Associates from $263.00 to $304.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Loop Capital raised their price objective on shares of Manhattan Associates from $265.00 to $285.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Finally, StockNews.com downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $286.38.

Manhattan Associates Stock Performance

NASDAQ MANH opened at $265.79 on Thursday. Manhattan Associates, Inc. has a 52-week low of $189.16 and a 52-week high of $307.50. The company has a 50-day simple moving average of $275.74 and a 200 day simple moving average of $247.76. The company has a market capitalization of $16.36 billion, a PE ratio of 86.86 and a beta of 1.50.

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

About Manhattan Associates

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.