Arizona State Retirement System increased its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 0.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,924 shares of the software maker’s stock after acquiring an additional 231 shares during the period. Arizona State Retirement System owned about 0.07% of Manhattan Associates worth $1,988,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MANH. Quantamental Technologies LLC bought a new stake in Manhattan Associates during the fourth quarter worth about $57,000. First Hawaiian Bank raised its holdings in Manhattan Associates by 301.0% during the fourth quarter. First Hawaiian Bank now owns 1,945 shares of the software maker’s stock worth $82,000 after acquiring an additional 1,460 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Manhattan Associates during the third quarter worth about $104,000. Bessemer Group Inc. raised its stake in Manhattan Associates by 2,378.4% in the third quarter. Bessemer Group Inc. now owns 3,098 shares of the software maker’s stock valued at $169,000 after buying an additional 2,973 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Manhattan Associates by 10.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,472 shares of the software maker’s stock valued at $189,000 after buying an additional 417 shares during the period.
Several research firms have issued reports on MANH. BidaskClub upgraded Manhattan Associates from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Zacks Investment Research lowered Manhattan Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 26th. Benchmark dropped their price objective on Manhattan Associates to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, October 24th. ValuEngine upgraded Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Tuesday, January 15th. Finally, TheStreet lowered Manhattan Associates from a “b-” rating to a “c” rating in a research note on Thursday, December 27th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $56.00.
Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, February 5th. The software maker reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.09. The company had revenue of $144.37 million for the quarter, compared to analyst estimates of $139.19 million. Manhattan Associates had a return on equity of 74.34% and a net margin of 18.72%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 earnings per share. On average, equities research analysts forecast that Manhattan Associates, Inc. will post 1.15 EPS for the current fiscal 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 provides supply chain solutions, including distribution management, transportation management, and visibility solutions; omni-channel solutions; and inventory optimization and planning solutions.
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