British Columbia Investment Management Corp increased its stake in shares of Manhattan Associates Inc. (NASDAQ:MANH) by 8.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,000 shares of the company’s stock after buying an additional 12,000 shares during the period. British Columbia Investment Management Corp’s holdings in Manhattan Associates were worth $9,334,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. FMR LLC raised its stake in shares of Manhattan Associates by 16,882.8% in the second quarter. FMR LLC now owns 874,954 shares of the company’s stock worth $56,110,000 after buying an additional 869,802 shares during the last quarter. Fiera Capital Corp raised its stake in shares of Manhattan Associates by 3,979.5% in the second quarter. Fiera Capital Corp now owns 787,350 shares of the company’s stock worth $50,493,000 after buying an additional 768,050 shares during the last quarter. Congress Asset Management Co. MA acquired a new stake in shares of Manhattan Associates during the second quarter worth $37,692,000. Neuberger Berman Group LLC raised its stake in shares of Manhattan Associates by 6.5% in the second quarter. Neuberger Berman Group LLC now owns 3,872,121 shares of the company’s stock worth $248,319,000 after buying an additional 237,415 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Manhattan Associates by 22.9% in the second quarter. Bank of New York Mellon Corp now owns 1,151,201 shares of the company’s stock worth $73,827,000 after buying an additional 214,130 shares during the last quarter. Institutional investors own 99.68% of the company’s stock.
Shares of Manhattan Associates Inc. (NASDAQ:MANH) traded down 0.46% on Monday, reaching $53.62. The company’s stock had a trading volume of 703,340 shares. Manhattan Associates Inc. has a 1-year low of $44.14 and a 1-year high of $77.75. The stock has a 50-day moving average price of $53.31 and a 200-day moving average price of $59.45. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 32.32 and a beta of 1.16.
Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Tuesday, October 18th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.04. The company had revenue of $152.21 million for the quarter, compared to analyst estimates of $156.15 million. Manhattan Associates had a return on equity of 66.06% and a net margin of 20.17%. Manhattan Associates’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.42 EPS. On average, equities research analysts forecast that Manhattan Associates Inc. will post $1.84 EPS for the current year.
A number of equities research analysts recently commented on the company. 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. Zacks Investment Research downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a report on Wednesday, September 21st. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $67.75.
About Manhattan Associates
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.