Wipfli Financial Advisors LLC purchased a new position in Manhattan Associates, Inc. (NASDAQ:MANH – Get Rating) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 669 shares of the software maker’s stock, valued at approximately $89,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Janney Montgomery Scott LLC raised its holdings in shares of Manhattan Associates by 2.9% in the third quarter. Janney Montgomery Scott LLC now owns 6,200 shares of the software maker’s stock worth $824,000 after buying an additional 176 shares during the period. Raymond James & Associates raised its holdings in shares of Manhattan Associates by 225.1% in the third quarter. Raymond James & Associates now owns 187,114 shares of the software maker’s stock worth $24,892,000 after buying an additional 129,550 shares during the period. Pembroke Management LTD purchased a new stake in shares of Manhattan Associates in the third quarter worth approximately $4,999,000. Whittier Trust Co. grew its stake in Manhattan Associates by 101.4% in the third quarter. Whittier Trust Co. now owns 294 shares of the software maker’s stock worth $39,000 after purchasing an additional 148 shares in the last quarter. Finally, Mayflower Financial Advisors LLC bought a new position in Manhattan Associates in the third quarter worth approximately $203,000. 96.92% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on MANH. Robert W. Baird dropped their target price on Manhattan Associates to $161.00 in a research report on Wednesday, December 14th. StockNews.com raised Manhattan Associates from a “hold” rating to a “buy” rating in a research report on Thursday, October 27th.
Manhattan Associates Price Performance
Manhattan Associates (NASDAQ:MANH – Get Rating) last issued its earnings results on Tuesday, October 25th. The software maker reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.09. The company had revenue of $198.10 million during the quarter, compared to analyst estimates of $185.76 million. Manhattan Associates had a return on equity of 51.06% and a net margin of 15.08%. The firm’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the business posted $0.57 EPS. As a group, equities research analysts expect that Manhattan Associates, Inc. will post 1.68 earnings per share for the current year.
About Manhattan Associates
Manhattan Associates, Inc engages in designing, building and delivering supply chain commerce solutions by converging front-end sales with back-end supply chain. It operates through the following geographical segments: The Americas, Europe, Middle East and Africa and Asia Pacific. The company was founded by Deepak Raghavan in October 1990 and is headquartered in Atlanta, GA.
- Get a free copy of the StockNews.com research report on Manhattan Associates (MANH)
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