Mackenzie Financial Corp bought a new position in Manhattan Associates, Inc. (NASDAQ:MANH) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 98,582 shares of the software maker’s stock, valued at approximately $4,177,000. Mackenzie Financial Corp owned 0.15% of Manhattan Associates as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of MANH. Millennium Management LLC grew its holdings in Manhattan Associates by 142.5% during the 2nd quarter. Millennium Management LLC now owns 17,485 shares of the software maker’s stock worth $822,000 after acquiring an additional 10,274 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Manhattan Associates by 115.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 5,600 shares of the software maker’s stock worth $306,000 after acquiring an additional 3,000 shares during the last quarter. Aperio Group LLC grew its holdings in Manhattan Associates by 10.9% during the 3rd quarter. Aperio Group LLC now owns 20,357 shares of the software maker’s stock worth $1,111,000 after acquiring an additional 1,993 shares during the last quarter. Strs Ohio bought a new stake in Manhattan Associates during the 3rd quarter worth about $284,000. Finally, Xact Kapitalforvaltning AB boosted its stake in shares of Manhattan Associates by 16.0% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 11,588 shares of the software maker’s stock valued at $633,000 after purchasing an additional 1,600 shares during the last quarter.
MANH has been the topic of several recent research reports. BidaskClub raised shares of Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Saturday, November 17th. Zacks Investment Research lowered shares of Manhattan Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 26th. TheStreet lowered shares of Manhattan Associates from a “b-” rating to a “c” rating in a research note on Thursday, December 27th. Finally, ValuEngine lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Friday, January 4th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $56.00.
Shares of NASDAQ MANH opened at $54.14 on Tuesday. The stock has a market capitalization of $3.46 billion, a PE ratio of 34.27 and a beta of 1.50. Manhattan Associates, Inc. has a 1 year low of $39.01 and a 1 year high of $62.39.
Manhattan Associates (NASDAQ:MANH) last issued its earnings results on Tuesday, February 5th. The software maker reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.09. The company had revenue of $144.37 million for the quarter, compared to analyst estimates of $139.19 million. Manhattan Associates had a net margin of 18.72% and a return on equity of 74.34%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 EPS. On average, sell-side analysts expect that Manhattan Associates, Inc. will post 1.1 earnings per share for the current fiscal year.
In related news, Director John J. Huntz, Jr. sold 2,106 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $53.76, for a total value of $113,218.56. Following the sale, the director now directly owns 70,530 shares in the company, valued at approximately $3,791,692.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Bruce Richards sold 5,454 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $55.21, for a total transaction of $301,115.34. The disclosure for this sale can be found here. Company insiders own 0.99% of the company’s stock.
About Manhattan Associates
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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