Algert Global LLC raised its position in shares of Manhattan Associates Inc. (NASDAQ:MANH) by 95.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,668 shares of the company’s stock after buying an additional 12,514 shares during the period. Algert Global LLC’s holdings in Manhattan Associates were worth $1,479,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in MANH. FMR LLC increased its position in shares of Manhattan Associates by 16,882.8% in the second quarter. FMR LLC now owns 874,954 shares of the company’s stock worth $56,110,000 after buying an additional 869,802 shares in the last quarter. Fiera Capital Corp increased its position in shares of Manhattan Associates by 3,979.5% in the second quarter. Fiera Capital Corp now owns 787,350 shares of the company’s stock worth $50,493,000 after buying an additional 768,050 shares in the last quarter. Atlanta Capital Management Co. L L C increased its position in shares of Manhattan Associates by 16.8% in the first quarter. Atlanta Capital Management Co. L L C now owns 4,196,808 shares of the company’s stock worth $238,672,000 after buying an additional 604,984 shares in the last quarter. Congress Asset Management Co. MA acquired a new position in shares of Manhattan Associates during the second quarter worth $37,692,000. Finally, Wellington Management Group LLP increased its position in shares of Manhattan Associates by 44.9% in the first quarter. Wellington Management Group LLP now owns 878,339 shares of the company’s stock worth $49,951,000 after buying an additional 272,025 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.
Shares of Manhattan Associates Inc. (NASDAQ:MANH) opened at 57.31 on Friday. The company has a market cap of $4.10 billion, a P/E ratio of 36.27 and a beta of 1.31. The company’s 50 day moving average is $58.69 and its 200 day moving average is $60.85. Manhattan Associates Inc. has a 12 month low of $44.14 and a 12 month high of $77.75.
Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings data on Tuesday, July 19th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.05. The company earned $154.90 million during the quarter, compared to analysts’ expectations of $153.75 million. Manhattan Associates had a net margin of 19.56% and a return on equity of 62.72%. During the same period in the previous year, the company earned $0.37 EPS. On average, equities research analysts predict that Manhattan Associates Inc. will post $1.79 EPS for the current fiscal year.
A number of equities analysts have weighed in on MANH shares. Zacks Investment Research downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Wednesday, September 21st. Brean Capital reaffirmed a “buy” rating and set a $75.00 target price on shares of Manhattan Associates in a research note on Wednesday, August 3rd. Finally, Raymond James Financial Inc. reaffirmed an “outperform” rating and set a $74.00 target price (down previously from $75.00) on shares of Manhattan Associates in a research note on Friday, July 15th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $72.17.
About Manhattan Associates
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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