World Asset Management Inc boosted its stake in shares of Manhattan Associates Inc. (NASDAQ:MANH) by 31.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,671 shares of the company’s stock after buying an additional 1,126 shares during the period. World Asset Management Inc’s holdings in Manhattan Associates were worth $269,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in MANH. IBM Retirement Fund bought a new position in shares of Manhattan Associates during the second quarter valued at approximately $464,000. 1st Global Advisors Inc. increased its position in shares of Manhattan Associates by 0.3% in the second quarter. 1st Global Advisors Inc. now owns 16,638 shares of the company’s stock valued at $1,067,000 after buying an additional 50 shares during the last quarter. Fox Run Management L.L.C. bought a new position in shares of Manhattan Associates during the second quarter valued at approximately $552,000. Capital Analysts LLC bought a new position in shares of Manhattan Associates during the second quarter valued at approximately $171,000. Finally, Cim LLC increased its position in shares of Manhattan Associates by 2.0% in the second quarter. Cim LLC now owns 7,519 shares of the company’s stock valued at $482,000 after buying an additional 145 shares during the last quarter. 99.65% of the stock is currently owned by institutional investors.
Manhattan Associates Inc. (NASDAQ:MANH) traded up 0.26% on Friday, hitting $53.87. The stock had a trading volume of 195,760 shares. The stock’s 50-day moving average is $53.31 and its 200-day moving average is $59.45. The company has a market cap of $3.83 billion, a P/E ratio of 32.47 and a beta of 1.16. Manhattan Associates Inc. has a 52-week low of $44.14 and a 52-week high of $77.75.
Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Tuesday, October 18th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.04. Manhattan Associates had a net margin of 20.17% and a return on equity of 66.06%. The firm had revenue of $152.21 million for the quarter, compared to the consensus estimate of $156.15 million. During the same period in the prior year, the firm posted $0.42 earnings per share. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. Analysts expect that Manhattan Associates Inc. will post $1.84 earnings per share for the current year.
MANH has been the topic of several recent research reports. Zacks Investment Research downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a report on Wednesday, September 21st. Brean Capital reaffirmed a “buy” rating and set a $75.00 target price on shares of Manhattan Associates in a report on Wednesday, August 3rd. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Manhattan Associates presently has an average rating of “Buy” and a consensus target price of $67.75.
Manhattan Associates Company Profile
Manhattan Associates, Inc (Manhattan) is a developer and provider of supply chain commerce solutions. The Company has 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.