Manhattan Associates, Inc. (NASDAQ:MANH) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC grew its holdings in Manhattan Associates, Inc. (NASDAQ:MANHFree Report) by 18.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,242 shares of the software maker’s stock after purchasing an additional 11,546 shares during the quarter. Hsbc Holdings PLC owned approximately 0.12% of Manhattan Associates worth $16,219,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MANH. Russell Investments Group Ltd. raised its stake in Manhattan Associates by 9.1% in the 4th quarter. Russell Investments Group Ltd. now owns 59,852 shares of the software maker’s stock valued at $12,923,000 after purchasing an additional 4,986 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Manhattan Associates by 59.9% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 21,612 shares of the software maker’s stock worth $4,271,000 after buying an additional 8,094 shares in the last quarter. Highland Capital Management LLC purchased a new stake in shares of Manhattan Associates during the fourth quarter worth about $1,142,000. Nomura Asset Management Co. Ltd. raised its position in shares of Manhattan Associates by 82.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 26,894 shares of the software maker’s stock valued at $5,791,000 after buying an additional 12,124 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. purchased a new position in shares of Manhattan Associates during the fourth quarter valued at approximately $1,050,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Manhattan Associates Price Performance

Manhattan Associates stock opened at $219.54 on Friday. Manhattan Associates, Inc. has a 12-month low of $176.53 and a 12-month high of $266.94. The stock has a market capitalization of $13.52 billion, a PE ratio of 71.75 and a beta of 1.45. The firm has a 50 day simple moving average of $227.43 and a 200-day simple moving average of $229.94.

Manhattan Associates (NASDAQ:MANHGet Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The software maker reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.23. The company had revenue of $254.55 million during the quarter, compared to the consensus estimate of $243.32 million. Manhattan Associates had a net margin of 19.91% and a return on equity of 85.28%. On average, analysts forecast that Manhattan Associates, Inc. will post 2.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MANH shares. StockNews.com downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a report on Monday, May 27th. DA Davidson upped their target price on Manhattan Associates from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. William Blair reissued a “market perform” rating on shares of Manhattan Associates in a research note on Wednesday, April 24th. Citigroup dropped their price objective on shares of Manhattan Associates from $260.00 to $220.00 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. Finally, Redburn Atlantic started coverage on shares of Manhattan Associates in a research report on Tuesday, May 14th. They issued a “buy” rating and a $260.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $240.50.

Get Our Latest Report on MANH

Manhattan Associates Company Profile

(Free Report)

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Warehouse Management Solution for managing goods and information across the distribution centers; Manhattan Active Warehouse Management, a cloud native and version less application for the associate; and Transportation Management Solution for helping shippers navigate their way through the demands and meet customer service expectations at the lowest possible freight costs; Manhattan SCALE, a portfolio of logistics execution solution; and Manhattan Active Omni, which offers order management, store inventory and fulfillment, POS, and customer engagement tools for enterprises and stores.

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Institutional Ownership by Quarter for Manhattan Associates (NASDAQ:MANH)

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