Diversified Trust Co boosted its position in Manhattan Associates, Inc. (NASDAQ:MANH – Get Rating) by 4.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,788 shares of the software maker’s stock after purchasing an additional 123 shares during the quarter. Diversified Trust Co’s holdings in Manhattan Associates were worth $387,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of MANH. National Bank of Canada FI bought a new position in Manhattan Associates in the fourth quarter worth $31,000. Point72 Hong Kong Ltd bought a new position in Manhattan Associates in the third quarter worth $32,000. Sageworth Trust Co of South Dakota bought a new position in Manhattan Associates in the fourth quarter worth $32,000. Carroll Financial Associates Inc. bought a new position in shares of Manhattan Associates during the fourth quarter valued at $51,000. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of Manhattan Associates by 1,110.3% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 351 shares of the software maker’s stock valued at $55,000 after acquiring an additional 322 shares in the last quarter. Institutional investors and hedge funds own 96.76% of the company’s stock.
Several brokerages have recently weighed in on MANH. StockNews.com upgraded Manhattan Associates from a “hold” rating to a “buy” rating in a report on Thursday, April 7th. Raymond James upgraded Manhattan Associates from a “market perform” rating to an “outperform” rating and set a $170.00 price target for the company in a report on Tuesday, March 22nd. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $184.00.
Manhattan Associates (NASDAQ:MANH – Get Rating) last released its quarterly earnings data on Tuesday, April 26th. The software maker reported $0.48 EPS for the quarter, topping the consensus estimate of $0.32 by $0.16. The company had revenue of $178.96 million during the quarter, compared to the consensus estimate of $168.81 million. Manhattan Associates had a return on equity of 51.60% and a net margin of 17.27%. During the same period last year, the company earned $0.29 EPS. On average, equities research analysts anticipate that Manhattan Associates, Inc. will post 1.45 EPS for the current year.
Manhattan Associates Profile (Get Rating)
Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It 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.
- Get a free copy of the StockNews.com research report on Manhattan Associates (MANH)
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