Symmetry Partners LLC bought a new position in Manhattan Associates, Inc. (NASDAQ:MANH) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,757 shares of the software maker’s stock, valued at approximately $384,000.
A number of other hedge funds also recently added to or reduced their stakes in MANH. ARP Americas LP bought a new position in shares of Manhattan Associates during the 3rd quarter valued at $1,170,000. Hanseatic Management Services Inc. raised its holdings in shares of Manhattan Associates by 6.5% during the 3rd quarter. Hanseatic Management Services Inc. now owns 9,440 shares of the software maker’s stock valued at $762,000 after purchasing an additional 577 shares in the last quarter. CAPROCK Group Inc. bought a new position in shares of Manhattan Associates during the 3rd quarter valued at $227,000. California Public Employees Retirement System raised its holdings in shares of Manhattan Associates by 23.8% during the 3rd quarter. California Public Employees Retirement System now owns 155,583 shares of the software maker’s stock valued at $12,551,000 after purchasing an additional 29,931 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new position in shares of Manhattan Associates during the 3rd quarter valued at $202,000.
NASDAQ:MANH traded up $0.18 during midday trading on Friday, reaching $75.40. The stock had a trading volume of 27,283 shares, compared to its average volume of 707,126. Manhattan Associates, Inc. has a 1-year low of $39.01 and a 1-year high of $89.53. The firm’s fifty day simple moving average is $80.30 and its 200-day simple moving average is $75.20. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market capitalization of $4.89 billion, a P/E ratio of 47.67 and a beta of 1.45.
Manhattan Associates (NASDAQ:MANH) last posted its earnings results on Tuesday, October 22nd. The software maker reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.15. Manhattan Associates had a net margin of 15.58% and a return on equity of 63.78%. The business had revenue of $162.27 million for the quarter, compared to analyst estimates of $151.64 million. During the same period last year, the business posted $0.49 EPS. Manhattan Associates’s revenue was up 14.0% compared to the same quarter last year. On average, equities research analysts anticipate that Manhattan Associates, Inc. will post 1.27 earnings per share for the current fiscal year.
A number of research firms have recently weighed in on MANH. ValuEngine downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Tuesday, October 29th. Benchmark restated a “buy” rating and set a $90.00 price target (up previously from $75.00) on shares of Manhattan Associates in a report on Wednesday, July 24th. SunTrust Banks raised their price target on shares of Manhattan Associates from $85.00 to $92.00 and gave the company a “buy” rating in a report on Monday, August 12th. Finally, BidaskClub lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $92.00.
Manhattan Associates Company Profile
Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers, and other organizations. The company 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.
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