Schroder Investment Management Group Has $20.88 Million Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Schroder Investment Management Group lifted its stake in Manhattan Associates, Inc. (NASDAQ:MANHFree Report) by 24.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 96,947 shares of the software maker’s stock after buying an additional 19,297 shares during the period. Schroder Investment Management Group owned about 0.16% of Manhattan Associates worth $20,875,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Pathstone Family Office LLC lifted its stake in Manhattan Associates by 59.2% during the third quarter. Pathstone Family Office LLC now owns 4,351 shares of the software maker’s stock worth $860,000 after purchasing an additional 1,618 shares during the period. HighTower Advisors LLC grew its holdings in Manhattan Associates by 98.6% during the 3rd quarter. HighTower Advisors LLC now owns 12,043 shares of the software maker’s stock worth $2,388,000 after acquiring an additional 5,979 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Manhattan Associates by 436.6% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 43,890 shares of the software maker’s stock worth $8,675,000 after acquiring an additional 35,711 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Manhattan Associates during the third quarter worth $3,242,000. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of Manhattan Associates by 1,227.1% during the third quarter. DekaBank Deutsche Girozentrale now owns 23,741 shares of the software maker’s stock worth $4,675,000 after purchasing an additional 21,952 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Trading Up 0.3 %

Shares of MANH opened at $221.23 on Tuesday. Manhattan Associates, Inc. has a 12 month low of $182.97 and a 12 month high of $266.94. The firm’s 50 day moving average is $224.25 and its 200-day moving average is $229.85. The stock has a market capitalization of $13.62 billion, a PE ratio of 72.30 and a beta of 1.48.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MANH. Rosenblatt Securities reissued a “neutral” rating and set a $225.00 price target on shares of Manhattan Associates in a research report on Wednesday, April 24th. William Blair reissued a “market perform” rating on shares of Manhattan Associates in a research report on Wednesday, April 24th. StockNews.com lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Monday, May 27th. Citigroup lowered their price objective on shares of Manhattan Associates from $260.00 to $220.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th. Finally, Redburn Atlantic began coverage on shares of Manhattan Associates in a research note on Tuesday, May 14th. They issued a “buy” rating and a $260.00 price target on the stock. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $240.50.

Get Our Latest Stock Analysis 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.

Further Reading

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

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