US Bancorp DE boosted its stake in Manhattan Associates, Inc. (NASDAQ:MANH – Get Rating) by 10.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,108 shares of the software maker's stock after buying an additional 1,432 shares during the period. US Bancorp DE's holdings in Manhattan Associates were worth $2,095,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Advisor Partners LLC boosted its stake in Manhattan Associates by 4.7% during the 1st quarter. Advisor Partners LLC now owns 1,858 shares of the software maker's stock valued at $258,000 after purchasing an additional 84 shares during the period. People s United Financial Inc. boosted its position in shares of Manhattan Associates by 1.1% during the first quarter. People s United Financial Inc. now owns 7,997 shares of the software maker's stock worth $1,109,000 after buying an additional 90 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in Manhattan Associates by 13.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 777 shares of the software maker's stock worth $121,000 after buying an additional 94 shares in the last quarter. Private Capital Group LLC increased its position in Manhattan Associates by 66.7% in the 1st quarter. Private Capital Group LLC now owns 235 shares of the software maker's stock valued at $33,000 after acquiring an additional 94 shares during the period. Finally, Hillsdale Investment Management Inc. raised its stake in Manhattan Associates by 2.5% during the 1st quarter. Hillsdale Investment Management Inc. now owns 4,180 shares of the software maker's stock valued at $580,000 after acquiring an additional 100 shares in the last quarter. 97.35% of the stock is currently owned by institutional investors.
Get Manhattan Associates alerts:Insider Buying and Selling at Manhattan Associates
In other news, VP Bruce Richards sold 2,160 shares of the firm's stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $148.30, for a total transaction of $320,328.00. Following the completion of the sale, the vice president now directly owns 14,257 shares of the company's stock, valued at approximately $2,114,313.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Manhattan Associates news, VP Bruce Richards sold 2,160 shares of the company's stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $148.30, for a total transaction of $320,328.00. Following the completion of the sale, the vice president now directly owns 14,257 shares of the company's stock, valued at $2,114,313.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Eddie Capel sold 15,000 shares of the business's stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $141.07, for a total transaction of $2,116,050.00. Following the sale, the chief executive officer now owns 259,023 shares in the company, valued at approximately $36,540,374.61. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,160 shares of company stock valued at $2,576,378. Corporate insiders own 0.78% of the company's stock.
Manhattan Associates Stock Down 2.3 %
Shares of Manhattan Associates stock opened at $136.88 on Friday. The business has a fifty day simple moving average of $132.50 and a 200-day simple moving average of $129.78. Manhattan Associates, Inc. has a fifty-two week low of $106.02 and a fifty-two week high of $188.52. The firm has a market cap of $8.58 billion, a price-to-earnings ratio of 73.59 and a beta of 1.87.Manhattan Associates (NASDAQ:MANH – Get Rating) last posted its quarterly earnings data on Tuesday, July 26th. The software maker reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.16. Manhattan Associates had a net margin of 16.67% and a return on equity of 51.87%. During the same quarter last year, the business posted $0.48 earnings per share. Analysts anticipate that Manhattan Associates, Inc. will post 1.61 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research analysts have recently commented on the company. Rosenblatt Securities lowered their price target on Manhattan Associates from $165.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, July 22nd. StockNews.com cut shares of Manhattan Associates from a "buy" rating to a "hold" rating in a research note on Thursday, July 28th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $178.75.
Manhattan Associates Company Profile
(Get Rating)
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 store omni-channel solutions.
Read More
- Get a free copy of the StockNews.com research report on Manhattan Associates (MANH)
- Could Snap Stock Rebound As Management Restructures?
- MarketBeat: Week in Review 8/29 – 9/2
- Hormel Looks Cheap At These Levels
- Lululemon Set To Soar Into September
- Could Nike Stock be Oversold, but Still Overvalued?
Want to see what other hedge funds are holding MANH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Manhattan Associates, Inc. (NASDAQ:MANH – Get Rating).
Receive News & Ratings for Manhattan Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manhattan Associates and related companies with MarketBeat.com's FREE daily email newsletter.