Manhattan Associates, Inc. (NASDAQ:MANH) Shares Acquired by Ascent Group LLC

Ascent Group LLC increased its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 11.4% during the first quarter, Holdings Channel.com reports. The institutional investor owned 1,030 shares of the software maker’s stock after buying an additional 105 shares during the quarter. Ascent Group LLC’s holdings in Manhattan Associates were worth $258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Manhattan Associates by 7.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 426,729 shares of the software maker’s stock valued at $106,782,000 after acquiring an additional 29,063 shares during the last quarter. BOKF NA boosted its holdings in Manhattan Associates by 2.0% in the first quarter. BOKF NA now owns 14,184 shares of the software maker’s stock valued at $3,513,000 after purchasing an additional 273 shares during the last quarter. Magnetar Financial LLC grew its position in Manhattan Associates by 90.9% during the 1st quarter. Magnetar Financial LLC now owns 7,126 shares of the software maker’s stock worth $1,783,000 after purchasing an additional 3,394 shares during the period. Epoch Investment Partners Inc. raised its stake in shares of Manhattan Associates by 6.5% during the 1st quarter. Epoch Investment Partners Inc. now owns 393,450 shares of the software maker’s stock valued at $98,453,000 after buying an additional 24,098 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its holdings in shares of Manhattan Associates by 361.5% in the 1st quarter. 1832 Asset Management L.P. now owns 38,487 shares of the software maker’s stock valued at $9,631,000 after buying an additional 30,148 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

Manhattan Associates Trading Down 1.0 %

NASDAQ:MANH traded down $2.57 during trading hours on Monday, hitting $255.89. 564,713 shares of the stock were exchanged, compared to its average volume of 428,629. The company has a market cap of $15.76 billion, a P/E ratio of 83.62 and a beta of 1.50. The firm’s fifty day moving average price is $233.87 and its 200 day moving average price is $235.21. Manhattan Associates, Inc. has a 52-week low of $182.97 and a 52-week high of $266.94.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, July 23rd. The software maker reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.22. The company had revenue of $265.30 million for the quarter, compared to analysts’ expectations of $255.83 million. Manhattan Associates had a net margin of 20.54% and a return on equity of 84.54%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.63 EPS. Equities analysts expect that Manhattan Associates, Inc. will post 3.01 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on MANH shares. StockNews.com raised Manhattan Associates from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. Citigroup raised their price objective on shares of Manhattan Associates from $220.00 to $257.00 and gave the stock a “neutral” rating in a research note on Friday, June 28th. Rosenblatt Securities reiterated a “neutral” rating and issued a $225.00 target price on shares of Manhattan Associates in a research note on Wednesday, April 24th. Redburn Atlantic began coverage on shares of Manhattan Associates in a research report on Tuesday, May 14th. They set a “buy” rating and a $260.00 price target on the stock. Finally, DA Davidson upped their price objective on shares of Manhattan Associates from $260.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.