Los Angeles Capital Management LLC Sells 15,117 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Los Angeles Capital Management LLC reduced its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 9.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 152,330 shares of the software maker’s stock after selling 15,117 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Manhattan Associates were worth $42,863,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in MANH. M&G Plc acquired a new position in Manhattan Associates in the first quarter valued at approximately $77,433,000. Fiera Capital Corp acquired a new position in shares of Manhattan Associates in the 2nd quarter valued at $44,705,000. Squarepoint Ops LLC boosted its position in shares of Manhattan Associates by 448.9% in the 2nd quarter. Squarepoint Ops LLC now owns 160,649 shares of the software maker’s stock worth $39,629,000 after purchasing an additional 131,381 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Manhattan Associates by 173.2% during the first quarter. Russell Investments Group Ltd. now owns 163,497 shares of the software maker’s stock worth $40,893,000 after purchasing an additional 103,645 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in Manhattan Associates by 118.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 173,644 shares of the software maker’s stock valued at $48,860,000 after purchasing an additional 94,283 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Associates Trading Down 0.1 %

NASDAQ:MANH traded down $0.19 on Friday, hitting $283.48. The company’s stock had a trading volume of 284,005 shares, compared to its average volume of 514,590. The stock has a fifty day moving average of $277.28 and a two-hundred day moving average of $249.88. The firm has a market capitalization of $17.31 billion, a P/E ratio of 80.53 and a beta of 1.52. Manhattan Associates, Inc. has a one year low of $199.23 and a one year high of $307.50.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings data on Tuesday, October 22nd. The software maker reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.29. The firm had revenue of $266.70 million for the quarter, compared to analyst estimates of $262.90 million. Manhattan Associates had a return on equity of 84.55% and a net margin of 21.38%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.79 earnings per share. As a group, sell-side analysts anticipate that Manhattan Associates, Inc. will post 3.4 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MANH shares. Citigroup boosted their target price on Manhattan Associates from $257.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. StockNews.com lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Robert W. Baird boosted their price objective on Manhattan Associates from $263.00 to $304.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. DA Davidson raised their target price on shares of Manhattan Associates from $285.00 to $315.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Raymond James raised their price target on Manhattan Associates from $255.00 to $305.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $286.38.

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.