1st Global Advisors Inc. increased its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 4.3% during the first quarter, Holdings Channel reports. The firm owned 8,668 shares of the software maker’s stock after buying an additional 360 shares during the period. 1st Global Advisors Inc.’s holdings in Manhattan Associates were worth $451,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC boosted its position in Manhattan Associates by 20.9% in the first quarter. Acrospire Investment Management LLC now owns 2,177 shares of the software maker’s stock valued at $113,000 after buying an additional 377 shares during the period. Lloyds Banking Group plc bought a new position in Manhattan Associates during the first quarter valued at $126,000. Tyers Asset Management LLC bought a new position in Manhattan Associates during the fourth quarter valued at $142,000. Flinton Capital Management LLC bought a new position in Manhattan Associates during the fourth quarter valued at $181,000. Finally, Pennsylvania Trust Co bought a new position in Manhattan Associates during the first quarter valued at $220,000. Institutional investors own 99.68% of the company’s stock.
Shares of Manhattan Associates, Inc. (NASDAQ:MANH) traded up 1.28% on Friday, reaching $47.50. 607,273 shares of the company traded hands. The firm has a 50-day moving average price of $47.80 and a 200 day moving average price of $50.40. Manhattan Associates, Inc. has a one year low of $44.83 and a one year high of $68.53. The company has a market capitalization of $3.30 billion, a PE ratio of 27.27 and a beta of 1.13.
Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Thursday, April 20th. The software maker reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.04. The business had revenue of $143.49 million during the quarter, compared to analyst estimates of $146.49 million. Manhattan Associates had a net margin of 20.55% and a return on equity of 70.51%. Manhattan Associates’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.42 EPS. Equities analysts forecast that Manhattan Associates, Inc. will post $1.90 EPS for the current fiscal year.
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Several research analysts recently commented on the stock. Benchmark Co. cut shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Friday, April 21st. Zacks Investment Research upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a report on Thursday, April 27th.
About Manhattan Associates
Manhattan Associates, Inc (Manhattan) is a developer and provider of supply chain commerce solutions. The Company operates through three geographical segments: the Americas, Europe, Middle East and Africa (EMEA), and the Asia Pacific (APAC). It is engaged in developing, selling, deploying, servicing and maintaining software solutions designed to manage supply chains, inventory and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers and other organizations.
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