Stephens Inc. AR Has $776,000 Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Stephens Inc. AR cut its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANHFree Report) by 11.8% during the fourth quarter, Holdings Channel reports. The fund owned 3,604 shares of the software maker’s stock after selling 484 shares during the quarter. Stephens Inc. AR’s holdings in Manhattan Associates were worth $776,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in MANH. Blue Trust Inc. increased its holdings in shares of Manhattan Associates by 259.4% during the 4th quarter. Blue Trust Inc. now owns 115 shares of the software maker’s stock worth $25,000 after acquiring an additional 83 shares during the last quarter. Bear Mountain Capital Inc. acquired a new position in Manhattan Associates in the 4th quarter valued at $26,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Manhattan Associates in the 4th quarter valued at $26,000. Lindbrook Capital LLC grew its holdings in Manhattan Associates by 28.8% in the 4th quarter. Lindbrook Capital LLC now owns 206 shares of the software maker’s stock valued at $44,000 after buying an additional 46 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in Manhattan Associates by 25.9% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the software maker’s stock valued at $61,000 after buying an additional 58 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $225.00 price objective on shares of Manhattan Associates in a report on Wednesday, April 24th. William Blair reaffirmed a “market perform” rating on shares of Manhattan Associates in a report on Wednesday, April 24th. DA Davidson upped their price objective on Manhattan Associates from $240.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Citigroup decreased their price objective on Manhattan Associates from $260.00 to $220.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Finally, StockNews.com lowered Manhattan Associates from a “buy” rating to a “hold” rating in a report on Monday, May 27th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $240.50.

Read Our Latest Analysis on MANH

Manhattan Associates Stock Performance

MANH opened at $221.23 on Tuesday. The firm has a market cap of $13.62 billion, a P/E ratio of 72.30 and a beta of 1.48. Manhattan Associates, Inc. has a 52-week low of $182.97 and a 52-week high of $266.94. The business’s fifty day moving average is $224.25 and its 200-day moving average is $229.85.

Manhattan Associates (NASDAQ:MANHGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The software maker reported $0.86 earnings per share for the quarter, beating 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 return on equity of 85.28% and a net margin of 19.91%. On average, research analysts predict that Manhattan Associates, Inc. will post 2.72 earnings per share for the current fiscal year.

Manhattan Associates 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.

Featured Stories

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

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