Healthcare of Ontario Pension Plan Trust Fund Has $4.34 Million Stock Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Healthcare of Ontario Pension Plan Trust Fund lessened its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 68.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,339 shares of the software maker’s stock after selling 37,661 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Manhattan Associates were worth $4,339,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. boosted its position in shares of Manhattan Associates by 259.4% during the 4th quarter. Blue Trust Inc. now owns 115 shares of the software maker’s stock valued at $25,000 after acquiring an additional 83 shares in the last quarter. Tobam acquired a new position in Manhattan Associates during the first quarter worth $25,000. Bear Mountain Capital Inc. bought a new position in shares of Manhattan Associates during the fourth quarter valued at $26,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Manhattan Associates during the fourth quarter valued at $26,000. Finally, Benjamin Edwards Inc. acquired a new stake in shares of Manhattan Associates in the 1st quarter valued at $27,000. 98.45% of the stock is currently owned by institutional investors.

Manhattan Associates Stock Down 1.2 %

Shares of MANH opened at $246.87 on Friday. The stock’s fifty day simple moving average is $232.77 and its 200-day simple moving average is $234.07. The firm has a market capitalization of $15.20 billion, a PE ratio of 80.68 and a beta of 1.50. Manhattan Associates, Inc. has a 12-month low of $182.97 and a 12-month high of $266.94.

Manhattan Associates (NASDAQ:MANH) last issued its earnings results on Tuesday, July 23rd. The software maker reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.22. Manhattan Associates had a net margin of 20.54% and a return on equity of 84.54%. The company had revenue of $265.30 million for the quarter, compared to analyst estimates of $255.83 million. During the same quarter last year, the firm earned $0.63 EPS. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. Analysts anticipate that Manhattan Associates, Inc. will post 2.72 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MANH. William Blair reissued a “market perform” rating on shares of Manhattan Associates in a report on Wednesday, April 24th. Rosenblatt Securities reissued a “neutral” rating and issued a $225.00 target price on shares of Manhattan Associates in a report on Wednesday, April 24th. DA Davidson lifted their price objective on Manhattan Associates from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday. Loop Capital boosted their price objective on Manhattan Associates from $250.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Redburn Atlantic began coverage on Manhattan Associates in a research note on Tuesday, May 14th. They issued a “buy” rating and a $260.00 target price for the company. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $257.43.

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 Warehouse Management Solution for managing goods and information across the distribution centers; Manhattan Active Warehouse Management, a cloud native and version less application for the associate; and Transportation Management Solution for helping shippers navigate their way through the demands and meet customer service expectations at the lowest possible freight costs; Manhattan SCALE, a portfolio of logistics execution solution; and Manhattan Active Omni, which offers order management, store inventory and fulfillment, POS, and customer engagement tools for enterprises and stores.