Park Avenue Securities LLC increases its position in Manhattan Associates, Inc. (NASDAQ:MANH)
Park Avenue Securities LLC increased its position in Manhattan Associates, Inc. (NASDAQ: MANH – Get Rating) by 34.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The company held 4,443 shares of the software maker after buying an additional 1,132 shares during the quarter. Park Avenue Securities LLC’s holdings in Manhattan Associates were worth $616,000 when it last filed with the SEC.
A number of other institutional investors and hedge funds have also recently added or reduced their stakes in the company. CWM LLC increased its position in Manhattan Associates shares by 105.6% during the first quarter. CWM LLC now owns 1,400 shares of the software maker worth $194,000 after acquiring an additional 719 shares during the period. Private Capital Group LLC increased its position in Manhattan Associates shares by 66.7% during the first quarter. Private Capital Group LLC now owns 235 shares of the software maker worth $33,000 after acquiring 94 additional shares during the period. BNP Paribas Arbitrage SA increased its position in Manhattan Associates shares by 309.7% during the fourth quarter. BNP Paribas Arbitrage SA now owns 37,288 shares of the software maker worth $5,798,000 after acquiring an additional 28,187 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Manhattan Associates shares by 38.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,944 shares of the software maker worth $1,391,000 after acquiring 2,474 additional shares during the period. Finally, Point72 Hong Kong Ltd increased its position in Manhattan Associates shares by 182.6% during the fourth quarter. Point72 Hong Kong Ltd now owns 585 shares of the software maker worth $91,000 after acquiring 378 additional shares during the period. Hedge funds and other institutional investors hold 96.76% of the company’s shares.
Manhattan Associates down 1.6%
MANH shares opened at $118.73 on Friday. Manhattan Associates, Inc. has a 12-month low of $106.02 and a 12-month high of $188.52. The company has a market capitalization of $7.49 billion, a P/E ratio of 64.18 and a beta of 1.83. The company has a fifty-day moving average price of $117.80 and a 200-day moving average price of $127.53.
Manhattan Associates (NASDAQ:MANH – Get Rating) last released quarterly earnings data on Tuesday, April 26. The software maker reported earnings per share (EPS) of $0.48 for the quarter, beating the consensus estimate of $0.32 by $0.16. Manhattan Associates had a net margin of 17.27% and a return on equity of 51.60%. The company posted revenue of $178.96 million in the quarter, versus a consensus estimate of $168.81 million. In the same quarter a year earlier, the company posted earnings per share of $0.29. On average, stock analysts expect Manhattan Associates, Inc. to post EPS of 1.45 for the current year.
Analysts set new price targets
A number of analysts have weighed in on the company recently. StockNews.com upgraded Manhattan Associates from a “hold” rating to a “buy” rating in a Thursday, April 7 research report. Rosenblatt Securities lowered its target price on Manhattan Associates stock from $165.00 to $150.00 and set a “buy” rating for the company in a research note on Friday. Six research analysts have rated the stock with a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $181.00.
Manhattan Associates Profile
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Manhattan Associates, Inc develops, sells, deploys, services and maintains software solutions to manage supply chains, inventory and omnichannel operations. It offers Manhattan SCALE, a portfolio of logistics execution solutions that provides trading partner management, fleet management, optimization, warehouse management and transportation execution services; and Manhattan Active, a set of omnichannel solutions for businesses and stores.
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