Daiwa Securities Group Inc. purchased a new stake in shares of Manhattan Associates Inc. (NASDAQ:MANH) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 2,500 shares of the company’s stock, valued at approximately $160,000.
A number of other institutional investors also recently modified their holdings of MANH. State Street Corp raised its stake in shares of Manhattan Associates by 1.4% in the first quarter. State Street Corp now owns 2,440,798 shares of the company’s stock worth $138,804,000 after buying an additional 34,235 shares in the last quarter. Gardner Lewis Asset Management L P acquired a new stake in shares of Manhattan Associates during the first quarter worth $1,853,000. Credit Agricole S A raised its stake in shares of Manhattan Associates by 333.1% in the first quarter. Credit Agricole S A now owns 110,000 shares of the company’s stock worth $6,256,000 after buying an additional 84,600 shares in the last quarter. Palisade Capital Management LLC NJ acquired a new stake in shares of Manhattan Associates during the first quarter worth $1,863,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Manhattan Associates by 65.8% in the first quarter. JPMorgan Chase & Co. now owns 68,072 shares of the company’s stock worth $3,870,000 after buying an additional 27,008 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.
Manhattan Associates Inc. (NASDAQ:MANH) traded down 0.26% during midday trading on Friday, reaching $57.37. The company had a trading volume of 442,215 shares. Manhattan Associates Inc. has a 52-week low of $44.14 and a 52-week high of $77.75. The company has a market capitalization of $4.11 billion, a P/E ratio of 36.31 and a beta of 1.31. The company’s 50 day moving average is $59.06 and its 200-day moving average is $60.84.
Manhattan Associates (NASDAQ:MANH) last issued its earnings results on Tuesday, July 19th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.05. Manhattan Associates had a net margin of 19.56% and a return on equity of 62.72%. The firm had revenue of $154.90 million for the quarter, compared to analysts’ expectations of $153.75 million. During the same quarter last year, the company posted $0.37 earnings per share. Equities analysts expect that Manhattan Associates Inc. will post $1.79 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on MANH shares. Zacks Investment Research lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Wednesday, June 22nd. Brean Capital reissued a “buy” rating and set a $75.00 price target on shares of Manhattan Associates in a research note on Saturday, June 25th. Finally, Raymond James Financial Inc. reissued an “outperform” rating and set a $74.00 price target (down previously from $75.00) on shares of Manhattan Associates in a research note on Friday, July 15th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $72.17.
Manhattan Associates Company Profile
Manhattan Associates, Inc (Manhattan) is a developer and provider of supply chain commerce solutions. The Company has three geographical segments: the Americas, Europe, Middle East and Africa (EMEA), and the Asia Pacific (APAC). It is engaged in developing, selling, deploying, servicing and maintaining software solutions designed to manage supply chains, inventory and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers and other organizations.
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