ETRADE Capital Management LLC decreased its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 11.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,620 shares of the software maker’s stock after selling 1,259 shares during the quarter. ETRADE Capital Management LLC’s holdings in Manhattan Associates were worth $408,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund increased its position in Manhattan Associates by 4,137.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,120,220 shares of the software maker’s stock worth $26,000 after acquiring an additional 1,093,781 shares during the period. Federated Investors Inc. PA increased its position in Manhattan Associates by 3,719.9% during the third quarter. Federated Investors Inc. PA now owns 724,069 shares of the software maker’s stock worth $39,534,000 after acquiring an additional 705,114 shares during the period. Prudential Financial Inc. increased its position in Manhattan Associates by 278.6% during the fourth quarter. Prudential Financial Inc. now owns 594,942 shares of the software maker’s stock worth $25,207,000 after acquiring an additional 437,818 shares during the period. First Trust Advisors LP bought a new position in Manhattan Associates during the fourth quarter worth $14,148,000. Finally, Denali Advisors LLC increased its position in Manhattan Associates by 293.9% during the fourth quarter. Denali Advisors LLC now owns 260,000 shares of the software maker’s stock worth $11,016,000 after acquiring an additional 194,000 shares during the period.
In other Manhattan Associates news, VP Bruce Richards sold 5,454 shares of Manhattan Associates stock in a transaction on Friday, March 1st. The shares were sold at an average price of $55.21, for a total transaction of $301,115.34. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.99% of the stock is owned by insiders.
Shares of MANH stock opened at $53.67 on Wednesday. Manhattan Associates, Inc. has a 1 year low of $39.01 and a 1 year high of $62.39. The firm has a market cap of $3.57 billion, a P/E ratio of 33.97 and a beta of 1.50.
Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, February 5th. The software maker reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.09. Manhattan Associates had a net margin of 18.72% and a return on equity of 74.34%. The business had revenue of $144.37 million for the quarter, compared to analyst estimates of $139.19 million. During the same quarter in the previous year, the firm posted $0.45 earnings per share. Manhattan Associates’s revenue was up .2% compared to the same quarter last year. On average, analysts expect that Manhattan Associates, Inc. will post 1.15 EPS for the current fiscal year.
MANH has been the topic of a number of research reports. TheStreet raised shares of Manhattan Associates from a “c+” rating to a “b-” rating in a research report on Friday, March 1st. BidaskClub raised shares of Manhattan Associates from a “hold” rating to a “buy” rating in a research report on Saturday, November 17th. Zacks Investment Research raised shares of Manhattan Associates from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Wednesday, January 30th. Finally, ValuEngine raised shares of Manhattan Associates from a “hold” rating to a “buy” rating in a research report on Tuesday, January 15th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. Manhattan Associates has a consensus rating of “Buy” and a consensus price target of $56.00.
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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 provides supply chain solutions, including distribution management, transportation management, and visibility solutions; omni-channel solutions; and inventory optimization and planning solutions.
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