Manhattan Associates, Inc. (NASDAQ:MANH) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. boosted its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 16.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 872,966 shares of the software maker’s stock after acquiring an additional 125,541 shares during the quarter. Franklin Resources Inc. owned about 1.42% of Manhattan Associates worth $187,967,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MANH. Blue Trust Inc. raised its stake in shares of Manhattan Associates by 259.4% during the 4th quarter. Blue Trust Inc. now owns 115 shares of the software maker’s stock valued at $25,000 after buying an additional 83 shares during the last quarter. Bear Mountain Capital Inc. purchased a new position in shares of Manhattan Associates during the 4th quarter valued at about $26,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Manhattan Associates during the 4th quarter valued at about $26,000. Lindbrook Capital LLC raised its stake in shares of Manhattan Associates by 28.8% during the 4th quarter. Lindbrook Capital LLC now owns 206 shares of the software maker’s stock valued at $44,000 after buying an additional 46 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Manhattan Associates by 25.9% during the 4th quarter. UMB Bank n.a. now owns 282 shares of the software maker’s stock valued at $61,000 after buying an additional 58 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analyst Ratings Changes

MANH has been the subject of several recent analyst reports. Raymond James lifted their price target on Manhattan Associates from $214.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Citigroup cut their price target on Manhattan Associates from $260.00 to $220.00 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. William Blair restated a “market perform” rating on shares of Manhattan Associates in a research note on Wednesday, April 24th. DA Davidson lifted their price target on Manhattan Associates from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $225.00 price target on shares of Manhattan Associates in a research note on Wednesday, April 24th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Manhattan Associates currently has an average rating of “Moderate Buy” and an average price target of $240.50.

Manhattan Associates Trading Down 0.7 %

NASDAQ:MANH opened at $223.98 on Thursday. Manhattan Associates, Inc. has a 12 month low of $171.30 and a 12 month high of $266.94. The stock has a 50 day moving average of $231.08 and a two-hundred day moving average of $229.41. The firm has a market cap of $13.79 billion, a P/E ratio of 73.20 and a beta of 1.45.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Tuesday, April 23rd. The software maker reported $0.86 EPS for the quarter, topping the consensus estimate of $0.63 by $0.23. Manhattan Associates had a return on equity of 85.28% and a net margin of 19.91%. The company had revenue of $254.55 million during the quarter, compared to analyst estimates of $243.32 million. On average, research analysts forecast that Manhattan Associates, Inc. will post 2.72 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.