Engineers Gate Manager LP lifted its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 80.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,031 shares of the software maker’s stock after acquiring an additional 14,721 shares during the quarter. Engineers Gate Manager LP’s holdings in Manhattan Associates were worth $1,587,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Brown Capital Management LLC increased its position in shares of Manhattan Associates by 3.9% during the first quarter. Brown Capital Management LLC now owns 6,168,645 shares of the software maker’s stock worth $321,078,000 after acquiring an additional 229,639 shares during the period. BlackRock Inc. increased its position in shares of Manhattan Associates by 14,241.7% during the first quarter. BlackRock Inc. now owns 5,768,519 shares of the software maker’s stock worth $300,250,000 after acquiring an additional 5,728,297 shares during the period. Karp Capital Management Corp purchased a new stake in shares of Manhattan Associates during the first quarter worth $960,000. Acrospire Investment Management LLC increased its position in shares of Manhattan Associates by 20.9% during the first quarter. Acrospire Investment Management LLC now owns 2,177 shares of the software maker’s stock worth $113,000 after acquiring an additional 377 shares during the period. Finally, Stifel Financial Corp increased its position in shares of Manhattan Associates by 14.9% during the first quarter. Stifel Financial Corp now owns 164,900 shares of the software maker’s stock worth $8,616,000 after acquiring an additional 21,426 shares during the period.
Manhattan Associates, Inc. (MANH) opened at 42.47 on Tuesday. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 24.53 and a beta of 1.16. Manhattan Associates, Inc. has a 12-month low of $40.83 and a 12-month high of $59.76. The company has a 50-day moving average price of $42.87 and a 200 day moving average price of $46.74.
Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Thursday, July 20th. The software maker reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Manhattan Associates had a net margin of 20.55% and a return on equity of 75.58%. The firm had revenue of $154.10 million for the quarter, compared to analyst estimates of $153.80 million. During the same quarter in the previous year, the business posted $0.49 EPS. The firm’s revenue was down .5% compared to the same quarter last year. On average, equities research analysts predict that Manhattan Associates, Inc. will post $1.87 EPS for the current year.
A number of analysts have recently weighed in on the company. BidaskClub raised Manhattan Associates from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Zacks Investment Research raised Manhattan Associates from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Thursday, June 15th. Finally, SunTrust Banks, Inc. assumed coverage on Manhattan Associates in a report on Monday, June 26th. They issued a “hold” rating and a $45.00 target price on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Manhattan Associates has a consensus rating of “Hold” and an average target price of $59.50.
Manhattan Associates Profile
Manhattan Associates, Inc (Manhattan) is a developer and provider of supply chain commerce solutions. The Company operates through 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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