MetLife Investment Management LLC Sells 812 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

MetLife Investment Management LLC lessened its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 2.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 34,444 shares of the software maker’s stock after selling 812 shares during the period. MetLife Investment Management LLC’s holdings in Manhattan Associates were worth $9,692,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MANH. Bayesian Capital Management LP bought a new position in Manhattan Associates during the first quarter valued at about $306,000. Janus Henderson Group PLC raised its stake in shares of Manhattan Associates by 18.7% in the 1st quarter. Janus Henderson Group PLC now owns 2,746 shares of the software maker’s stock valued at $687,000 after acquiring an additional 432 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in Manhattan Associates by 36.9% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,368 shares of the software maker’s stock worth $1,093,000 after purchasing an additional 1,177 shares during the last quarter. iA Global Asset Management Inc. boosted its position in Manhattan Associates by 9.7% during the first quarter. iA Global Asset Management Inc. now owns 726 shares of the software maker’s stock worth $182,000 after purchasing an additional 64 shares during the period. Finally, Swedbank AB acquired a new position in Manhattan Associates during the first quarter valued at approximately $4,759,000. Institutional investors own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MANH. Robert W. Baird upped their price objective on shares of Manhattan Associates from $263.00 to $304.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. DA Davidson raised their price target on Manhattan Associates from $285.00 to $315.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Raymond James boosted their price objective on Manhattan Associates from $255.00 to $305.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Truist Financial raised 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. Finally, StockNews.com lowered 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 seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $290.78.

Manhattan Associates Trading Down 0.4 %

MANH opened at $287.68 on Friday. The stock’s 50 day simple moving average is $282.02 and its 200-day simple moving average is $256.13. The stock has a market cap of $17.57 billion, a PE ratio of 81.73 and a beta of 1.52. Manhattan Associates, Inc. has a 1 year low of $199.23 and a 1 year high of $307.50.

Manhattan Associates (NASDAQ:MANH) last posted 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 net margin of 21.38% and a return on equity of 84.55%. The firm had revenue of $266.70 million for the quarter, compared to the consensus estimate of $262.90 million. During the same quarter in the previous year, the company earned $0.79 earnings per share. The business’s revenue was up 11.9% compared to the same quarter last year. Equities analysts forecast that Manhattan Associates, Inc. will post 3.4 earnings per share 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.