Hancock Whitney Corp increased its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,722 shares of the software maker’s stock after purchasing an additional 437 shares during the quarter. Hancock Whitney Corp’s holdings in Manhattan Associates were worth $1,812,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of MANH. Morgan Stanley raised its holdings in Manhattan Associates by 13.1% during the second quarter. Morgan Stanley now owns 62,376 shares of the software maker’s stock worth $4,325,000 after purchasing an additional 7,225 shares during the last quarter. BlackRock Inc. raised its holdings in Manhattan Associates by 2.2% during the second quarter. BlackRock Inc. now owns 6,325,561 shares of the software maker’s stock worth $438,551,000 after purchasing an additional 137,409 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in Manhattan Associates during the third quarter worth $240,000. Meeder Asset Management Inc. acquired a new position in shares of Manhattan Associates in the third quarter worth $241,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Manhattan Associates by 5.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,913 shares of the software maker’s stock worth $316,000 after acquiring an additional 200 shares during the last quarter.
MANH has been the subject of a number of analyst reports. William Blair reissued a “market perform” rating on shares of Manhattan Associates in a report on Wednesday, February 5th. Rosenblatt Securities reissued a “buy” rating on shares of Manhattan Associates in a report on Wednesday, February 5th. Zacks Investment Research cut Manhattan Associates from a “buy” rating to a “hold” rating in a report on Wednesday, December 25th. Benchmark boosted their price target on Manhattan Associates from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Finally, BidaskClub raised Manhattan Associates from a “buy” rating to a “strong-buy” rating in a report on Friday, January 31st. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $94.50.
Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings results on Tuesday, February 4th. The software maker reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.09. Manhattan Associates had a return on equity of 58.03% and a net margin of 13.88%. The company had revenue of $152.90 million during the quarter, compared to analysts’ expectations of $147.58 million. During the same period in the previous year, the firm posted $0.46 earnings per share. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, analysts anticipate that Manhattan Associates, Inc. will post 1.16 EPS for the current year.
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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