MetLife Investment Management LLC raised its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH – Get Rating) by 38.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,355 shares of the software maker's stock after buying an additional 11,688 shares during the quarter. MetLife Investment Management LLC owned about 0.07% of Manhattan Associates worth $5,875,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. Invesco Ltd. grew its holdings in shares of Manhattan Associates by 16.3% during the fourth quarter. Invesco Ltd. now owns 3,436,974 shares of the software maker's stock worth $534,415,000 after buying an additional 481,951 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Manhattan Associates by 5.0% in the fourth quarter. Alliancebernstein L.P. now owns 2,223,608 shares of the software maker's stock valued at $345,749,000 after purchasing an additional 106,752 shares during the period. State Street Corp grew its holdings in shares of Manhattan Associates by 0.8% in the fourth quarter. State Street Corp now owns 1,656,816 shares of the software maker's stock valued at $257,618,000 after purchasing an additional 13,670 shares during the period. American Century Companies Inc. grew its holdings in shares of Manhattan Associates by 7.1% in the first quarter. American Century Companies Inc. now owns 1,426,576 shares of the software maker's stock valued at $197,880,000 after purchasing an additional 94,313 shares during the period. Finally, Stephens Investment Management Group LLC grew its holdings in shares of Manhattan Associates by 2.3% in the first quarter. Stephens Investment Management Group LLC now owns 824,448 shares of the software maker's stock valued at $114,359,000 after purchasing an additional 18,854 shares during the period. Hedge funds and other institutional investors own 97.35% of the company's stock.
Get Manhattan Associates alerts:Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on MANH shares. StockNews.com lowered shares of Manhattan Associates from a "buy" rating to a "hold" rating in a report on Thursday, July 28th. Rosenblatt Securities dropped their price objective on shares of Manhattan Associates from $165.00 to $150.00 and set a "buy" rating for the company in a report on Friday, July 22nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $178.75.
Insider Buying and Selling at Manhattan Associates
In other news, VP Bruce Richards sold 2,160 shares of the 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 sale, the vice president now owns 14,257 shares of the company's stock, valued at $2,114,313.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Bruce Richards sold 2,160 shares of the 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 sale, the vice president now owns 14,257 shares of the company's stock, valued at $2,114,313.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Eddie Capel sold 15,000 shares of the stock in a transaction dated Monday, August 1st. The stock was 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 directly owns 259,023 shares in the company, valued at approximately $36,540,374.61. The disclosure for this sale can be found here. Insiders have sold 18,160 shares of company stock valued at $2,576,378 over the last 90 days. 0.78% of the stock is owned by insiders.Manhattan Associates Price Performance
NASDAQ MANH opened at $136.88 on Monday. The firm's 50-day moving average is $132.50 and its two-hundred day moving average is $129.78. Manhattan Associates, Inc. has a 12 month low of $106.02 and a 12 month high of $188.52. The stock has a market capitalization of $8.58 billion, a P/E ratio of 73.59 and a beta of 1.84.
Manhattan Associates (NASDAQ:MANH – Get Rating) last posted its earnings results on Tuesday, July 26th. The software maker reported $0.69 EPS for the quarter, beating analysts' consensus estimates 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 period in the previous year, the company earned $0.48 EPS. As a group, analysts anticipate that Manhattan Associates, Inc. will post 1.61 EPS for the current year.
Manhattan Associates 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.
Further Reading
- 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.