Strs Ohio boosted its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH – Free Report) by 20.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,100 shares of the software maker’s stock after purchasing an additional 7,800 shares during the quarter. Strs Ohio owned about 0.07% of Manhattan Associates worth $6,983,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. TD Asset Management Inc increased its holdings in shares of Manhattan Associates by 14.6% in the 4th quarter. TD Asset Management Inc now owns 169,560 shares of the software maker’s stock valued at $20,585,000 after acquiring an additional 21,661 shares during the period. Swiss National Bank increased its holdings in shares of Manhattan Associates by 1.3% in the 4th quarter. Swiss National Bank now owns 151,520 shares of the software maker’s stock valued at $18,395,000 after acquiring an additional 1,900 shares during the period. Chesley Taft & Associates LLC increased its holdings in shares of Manhattan Associates by 12.5% in the 4th quarter. Chesley Taft & Associates LLC now owns 2,120 shares of the software maker’s stock valued at $257,000 after acquiring an additional 235 shares during the period. Oversea Chinese Banking CORP Ltd purchased a new position in shares of Manhattan Associates in the 4th quarter valued at $406,000. Finally, Stephens Investment Management Group LLC increased its holdings in shares of Manhattan Associates by 0.3% in the 4th quarter. Stephens Investment Management Group LLC now owns 817,305 shares of the software maker’s stock valued at $99,425,000 after acquiring an additional 2,342 shares during the period. 97.09% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on MANH. Robert W. Baird lifted their price target on Manhattan Associates from $168.00 to $184.00 in a report on Wednesday, April 26th. DA Davidson raised their price objective on Manhattan Associates from $145.00 to $160.00 in a research report on Wednesday, April 26th. StockNews.com started coverage on Manhattan Associates in a research report on Thursday, May 18th. They issued a “buy” rating for the company. Loop Capital raised their price objective on Manhattan Associates from $190.00 to $205.00 in a research report on Wednesday, May 24th. Finally, Rosenblatt Securities raised their price objective on Manhattan Associates from $150.00 to $160.00 in a research report on Wednesday, April 26th.
Manhattan Associates Stock Performance
Manhattan Associates (NASDAQ:MANH – Get Free Report) last issued its quarterly earnings results on Tuesday, April 25th. The software maker reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.17. Manhattan Associates had a return on equity of 67.34% and a net margin of 16.95%. The company had revenue of $221.01 million during the quarter, compared to analysts’ expectations of $200.28 million. Analysts predict that Manhattan Associates, Inc. will post 2 EPS for the current fiscal year.
Insiders Place Their Bets
In other Manhattan Associates news, SVP Bruce Richards sold 6,000 shares of Manhattan Associates stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $170.00, for a total transaction of $1,020,000.00. Following the completion of the sale, the senior vice president now owns 36,022 shares of the company’s stock, valued at approximately $6,123,740. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Edmond Eger sold 1,885 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $189.45, for a total value of $357,113.25. Following the completion of the transaction, the director now owns 12,385 shares of the company’s stock, valued at approximately $2,346,338.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Bruce Richards sold 6,000 shares of the business’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $170.00, for a total value of $1,020,000.00. Following the completion of the transaction, the senior vice president now directly owns 36,022 shares of the company’s stock, valued at approximately $6,123,740. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,531 shares of company stock valued at $8,766,886. 0.85% of the stock is owned by company insiders.
Manhattan Associates 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 omnichannel solution, which include enterprise solutions and omnichannel solutions for store.
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