Raymond James Trust N.A. lowered its holdings in Manhattan Associates, Inc. (NASDAQ:MANH – Get Rating) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,633 shares of the software maker’s stock after selling 149 shares during the quarter. Raymond James Trust N.A.’s holdings in Manhattan Associates were worth $320,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently bought and sold shares of MANH. Private Trust Co. NA acquired a new position in Manhattan Associates in the second quarter worth $30,000. Altshuler Shaham Ltd acquired a new position in Manhattan Associates in the third quarter worth $32,000. Eagle Bay Advisors LLC acquired a new position in Manhattan Associates in the second quarter worth $36,000. Whittier Trust Co. boosted its stake in Manhattan Associates by 101.4% in the third quarter. Whittier Trust Co. now owns 294 shares of the software maker’s stock worth $39,000 after purchasing an additional 148 shares in the last quarter. Finally, Harbor Investment Advisory LLC boosted its stake in Manhattan Associates by 36.0% in the third quarter. Harbor Investment Advisory LLC now owns 397 shares of the software maker’s stock worth $53,000 after purchasing an additional 105 shares in the last quarter. Institutional investors and hedge funds own 96.92% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms recently issued reports on MANH. DA Davidson began coverage on Manhattan Associates in a report on Tuesday, February 21st. They issued a “neutral” rating and a $145.00 price target on the stock. Robert W. Baird raised their price target on Manhattan Associates from $161.00 to $168.00 in a report on Friday, February 3rd. Rosenblatt Securities cut Manhattan Associates from a “buy” rating to a “neutral” rating and set a $150.00 price target on the stock. in a report on Tuesday, April 11th. Finally, StockNews.com began coverage on Manhattan Associates in a report on Thursday, March 16th. They issued a “buy” rating on the stock.
Manhattan Associates Trading Down 1.9 %
Manhattan Associates (NASDAQ:MANH – Get Rating) last issued its earnings results on Thursday, February 2nd. The software maker reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.30. Manhattan Associates had a return on equity of 60.63% and a net margin of 16.81%. The firm had revenue of $198.10 million for the quarter, compared to analysts’ expectations of $182.64 million. As a group, equities analysts forecast that Manhattan Associates, Inc. will post 1.87 EPS for the current year.
Insiders Place Their Bets
In other Manhattan Associates news, Director John J. Huntz, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $143.65, for a total transaction of $143,650.00. Following the transaction, the director now owns 65,887 shares in the company, valued at $9,464,667.55. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Eddie Capel sold 42,678 shares of the firm’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $144.04, for a total transaction of $6,147,339.12. Following the sale, the chief executive officer now owns 207,422 shares of the company’s stock, valued at $29,877,064.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John J. Huntz, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $143.65, for a total value of $143,650.00. Following the sale, the director now directly owns 65,887 shares in the company, valued at approximately $9,464,667.55. The disclosure for this sale can be found here. Company insiders own 0.85% of the company’s stock.
Manhattan Associates Company Profile
Manhattan Associates, Inc engages in developing, selling, deploying, servicing, and maintaining software solutions. Its solutions focus on supply chains, inventory, and omnichannel for retailers, wholesalers, manufacturers, logistics providers and other organizations. It operates through the following geographical segments: The Americas, Europe, Middle East and Africa, and Asia Pacific.
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