Zions Bancorporation N.A. Has $2.43 Million Stock Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Zions Bancorporation N.A. increased its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 18.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 8,619 shares of the software maker’s stock after acquiring an additional 1,325 shares during the quarter. Zions Bancorporation N.A.’s holdings in Manhattan Associates were worth $2,425,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MANH. M&G Plc acquired a new position in shares of Manhattan Associates in the 1st quarter worth approximately $77,433,000. Fiera Capital Corp acquired a new position in shares of Manhattan Associates during the 2nd quarter valued at $44,705,000. Squarepoint Ops LLC lifted its position in shares of Manhattan Associates by 448.9% during the 2nd quarter. Squarepoint Ops LLC now owns 160,649 shares of the software maker’s stock valued at $39,629,000 after acquiring an additional 131,381 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Manhattan Associates by 118.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 173,644 shares of the software maker’s stock valued at $48,860,000 after purchasing an additional 94,283 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its stake in shares of Manhattan Associates by 27.2% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 385,311 shares of the software maker’s stock worth $94,898,000 after acquiring an additional 82,420 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on MANH shares. DA Davidson increased their price target on shares of Manhattan Associates from $285.00 to $315.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Truist Financial upped their price objective on shares of Manhattan Associates from $275.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Loop Capital increased their price target on shares of Manhattan Associates from $265.00 to $285.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Citigroup upped their price objective on shares of Manhattan Associates from $257.00 to $287.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Finally, Raymond James upped their target price on shares of Manhattan Associates from $255.00 to $305.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $286.38.

Manhattan Associates Stock Performance

NASDAQ MANH opened at $279.75 on Friday. The business has a fifty day moving average price of $279.36 and a 200 day moving average price of $251.69. Manhattan Associates, Inc. has a one year low of $199.23 and a one year high of $307.50. The company has a market cap of $17.09 billion, a P/E ratio of 79.47 and a beta of 1.52.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings results on Tuesday, October 22nd. The software maker reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $262.90 million. During the same period in the prior year, the business posted $0.79 EPS. The company’s revenue was up 11.9% compared to the same quarter last year. As a group, sell-side analysts predict that Manhattan Associates, Inc. will post 3.4 EPS for the current fiscal year.

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.