BlackRock Inc. raised its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 1.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,188,152 shares of the software maker’s stock after buying an additional 95,429 shares during the period. BlackRock Inc. owned about 9.58% of Manhattan Associates worth $341,030,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the business. Arizona State Retirement System raised its stake in Manhattan Associates by 0.5% in the fourth quarter. Arizona State Retirement System now owns 46,924 shares of the software maker’s stock valued at $1,988,000 after buying an additional 231 shares during the period. Capital Insight Partners LLC raised its stake in Manhattan Associates by 1.2% in the first quarter. Capital Insight Partners LLC now owns 21,023 shares of the software maker’s stock valued at $1,159,000 after buying an additional 240 shares during the period. LPL Financial LLC raised its stake in Manhattan Associates by 4.5% in the fourth quarter. LPL Financial LLC now owns 7,097 shares of the software maker’s stock valued at $301,000 after buying an additional 305 shares during the period. Quantamental Technologies LLC raised its stake in Manhattan Associates by 23.7% in the first quarter. Quantamental Technologies LLC now owns 1,677 shares of the software maker’s stock valued at $92,000 after buying an additional 321 shares during the period. Finally, Mason Street Advisors LLC raised its stake in Manhattan Associates by 1.0% in the first quarter. Mason Street Advisors LLC now owns 34,575 shares of the software maker’s stock valued at $1,905,000 after buying an additional 330 shares during the period.
Several analysts have issued reports on MANH shares. BidaskClub upgraded Manhattan Associates from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 13th. TheStreet upgraded Manhattan Associates from a “c+” rating to a “b-” rating in a research note on Friday, March 1st. Zacks Investment Research lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Finally, SunTrust Banks upgraded Manhattan Associates from a “hold” rating to a “buy” rating and set a $59.02 price objective on the stock in a research note on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $64.67.
Shares of NASDAQ MANH opened at $69.04 on Thursday. The company has a market cap of $4.33 billion, a PE ratio of 43.70 and a beta of 1.49. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.40 and a current ratio of 1.40. Manhattan Associates, Inc. has a 1-year low of $39.01 and a 1-year high of $69.14.
Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, April 23rd. The software maker reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.02). The firm had revenue of $148.40 million for the quarter, compared to the consensus estimate of $137.55 million. Manhattan Associates had a return on equity of 73.80% and a net margin of 17.85%. Manhattan Associates’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter last year, the business posted $0.37 EPS. Equities research analysts predict that Manhattan Associates, Inc. will post 1.09 earnings per share for the current year.
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Manhattan Associates Company Profile
Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers, and other organizations. The company 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.
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