Advisor OS LLC Has $784,000 Stock Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Advisor OS LLC grew its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 84.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,531 shares of the software maker's stock after purchasing an additional 2,070 shares during the period. Advisor OS LLC's holdings in Manhattan Associates were worth $784,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Manhattan Associates by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 6,702,557 shares of the software maker's stock valued at $1,811,299,000 after acquiring an additional 50,538 shares during the period. FMR LLC raised its holdings in shares of Manhattan Associates by 16.2% during the fourth quarter. FMR LLC now owns 2,227,669 shares of the software maker's stock valued at $602,005,000 after acquiring an additional 310,257 shares during the period. Franklin Resources Inc. raised its holdings in shares of Manhattan Associates by 43.2% during the fourth quarter. Franklin Resources Inc. now owns 1,916,509 shares of the software maker's stock valued at $517,917,000 after acquiring an additional 578,295 shares during the period. Invesco Ltd. raised its holdings in shares of Manhattan Associates by 3.1% during the fourth quarter. Invesco Ltd. now owns 1,861,160 shares of the software maker's stock valued at $502,960,000 after acquiring an additional 55,334 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Manhattan Associates by 101.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,673,776 shares of the software maker's stock valued at $452,321,000 after acquiring an additional 841,276 shares during the period. Institutional investors own 98.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Citigroup restated a "neutral" rating and set a $200.00 price target (up previously from $177.00) on shares of Manhattan Associates in a report on Wednesday, July 16th. Robert W. Baird increased their price target on shares of Manhattan Associates from $212.00 to $230.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. Raymond James Financial increased their price target on shares of Manhattan Associates from $195.00 to $250.00 and gave the stock an "outperform" rating in a research report on Wednesday. Truist Financial increased their price target on shares of Manhattan Associates from $210.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Redburn Atlantic lowered shares of Manhattan Associates from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $270.00 to $200.00 in a research report on Tuesday, June 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $216.67.

Manhattan Associates Stock Performance

Manhattan Associates stock traded down $2.53 during trading hours on Friday, reaching $217.75. 479,285 shares of the company's stock traded hands, compared to its average volume of 594,404. Manhattan Associates, Inc. has a fifty-two week low of $140.81 and a fifty-two week high of $312.60. The firm has a market capitalization of $13.22 billion, a price-to-earnings ratio of 60.82 and a beta of 1.08. The firm's 50 day moving average is $195.27 and its 200-day moving average is $193.86.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last released its earnings results on Tuesday, July 22nd. The software maker reported $1.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.19. Manhattan Associates had a net margin of 20.91% and a return on equity of 82.91%. The company had revenue of $272.42 million for the quarter, compared to the consensus estimate of $263.62 million. During the same period in the prior year, the company posted $1.18 EPS. The company's revenue was up 2.7% compared to the same quarter last year. Analysts predict that Manhattan Associates, Inc. will post 3.3 EPS 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.