Exchange Traded Concepts LLC lowered its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH – Get Rating) by 21.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,754 shares of the software maker’s stock after selling 748 shares during the period. Exchange Traded Concepts LLC’s holdings in Manhattan Associates were worth $382,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. National Bank of Canada FI bought a new position in Manhattan Associates during the fourth quarter valued at about $31,000. Sageworth Trust Co of South Dakota bought a new position in Manhattan Associates during the fourth quarter valued at about $32,000. Private Capital Group LLC grew its position in Manhattan Associates by 66.7% during the first quarter. Private Capital Group LLC now owns 235 shares of the software maker’s stock valued at $33,000 after buying an additional 94 shares during the period. Allworth Financial LP grew its position in Manhattan Associates by 40.8% during the first quarter. Allworth Financial LP now owns 359 shares of the software maker’s stock valued at $50,000 after buying an additional 104 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its position in Manhattan Associates by 1,110.3% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 351 shares of the software maker’s stock valued at $55,000 after buying an additional 322 shares during the period. Institutional investors own 96.76% of the company’s stock.
Analyst Ratings Changes
Several equities analysts recently weighed in on MANH shares. StockNews.com upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating in a research report on Thursday, April 7th. Raymond James raised shares of Manhattan Associates from a “market perform” rating to an “outperform” rating and set a $170.00 price objective on the stock in a report on Tuesday, March 22nd. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $184.00.
Manhattan Associates Stock Up 3.1 %
NASDAQ MANH opened at $112.29 on Friday. The company has a market cap of $7.09 billion, a PE ratio of 60.70 and a beta of 1.83. Manhattan Associates, Inc. has a 52 week low of $106.02 and a 52 week high of $188.52. The firm’s 50-day simple moving average is $117.81 and its two-hundred day simple moving average is $128.91.
Manhattan Associates (NASDAQ:MANH – Get Rating) last released its quarterly earnings data on Tuesday, April 26th. The software maker reported $0.48 EPS for the quarter, beating the consensus estimate of $0.32 by $0.16. Manhattan Associates had a net margin of 17.27% and a return on equity of 51.60%. The business had revenue of $178.96 million for the quarter, compared to the consensus estimate of $168.81 million. During the same period in the prior year, the firm earned $0.29 earnings per share. As a group, equities research analysts anticipate that Manhattan Associates, Inc. will post 1.45 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 Manhattan SCALE, a portfolio of logistics execution solutions that provide trading partner management, yard management, optimization, warehouse management, and transportation execution services; and Manhattan Active, a set of enterprise and store omni-channel solutions.
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