Banco Santander S.A. Acquires 955 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Banco Santander S.A. grew its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 1.3% during the third quarter, HoldingsChannel reports. The firm owned 73,240 shares of the software maker’s stock after buying an additional 955 shares during the quarter. Banco Santander S.A.’s holdings in Manhattan Associates were worth $20,608,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Manhattan Associates by 47.5% during the third quarter. GAMMA Investing LLC now owns 1,186 shares of the software maker’s stock worth $334,000 after purchasing an additional 382 shares during the period. Boston Trust Walden Corp raised its position in Manhattan Associates by 3.3% during the 2nd quarter. Boston Trust Walden Corp now owns 109,542 shares of the software maker’s stock worth $27,022,000 after purchasing an additional 3,525 shares during the last quarter. Mediolanum International Funds Ltd raised its position in Manhattan Associates by 602.0% during the 3rd quarter. Mediolanum International Funds Ltd now owns 20,042 shares of the software maker’s stock worth $5,607,000 after purchasing an additional 17,187 shares during the last quarter. Chartwell Investment Partners LLC grew its position in shares of Manhattan Associates by 31.1% in the 3rd quarter. Chartwell Investment Partners LLC now owns 21,557 shares of the software maker’s stock valued at $6,065,000 after buying an additional 5,119 shares during the last quarter. Finally, M&G Plc grew its position in shares of Manhattan Associates by 2.1% in the 2nd quarter. M&G Plc now owns 316,243 shares of the software maker’s stock valued at $78,112,000 after buying an additional 6,511 shares during the last quarter. 98.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MANH has been the topic of several research reports. Robert W. Baird upped their price objective on shares of Manhattan Associates from $263.00 to $304.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Raymond James boosted 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. Truist Financial raised their price target on shares of Manhattan Associates from $275.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Citigroup increased their price objective on Manhattan Associates from $257.00 to $287.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Finally, Loop Capital raised their target price on Manhattan Associates from $265.00 to $285.00 and gave the company a “buy” rating in a report on Monday, September 16th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $286.38.

Manhattan Associates Stock Up 0.3 %

MANH opened at $271.56 on Thursday. Manhattan Associates, Inc. has a twelve month low of $199.23 and a twelve month high of $307.50. The stock has a market capitalization of $16.59 billion, a price-to-earnings ratio of 77.15 and a beta of 1.52. The firm has a 50 day moving average price of $280.43 and a 200-day moving average price of $253.75.

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 the consensus estimate of $1.06 by $0.29. The business had revenue of $266.70 million for 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 84.55%. The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the firm earned $0.79 earnings per share. As a group, analysts expect that Manhattan Associates, Inc. will post 3.4 earnings per share for the current 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.