Russell Investments Group Ltd. Has $40.89 Million Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Russell Investments Group Ltd. lifted its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 173.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 163,497 shares of the software maker’s stock after acquiring an additional 103,645 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.27% of Manhattan Associates worth $40,893,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MANH. Lindbrook Capital LLC lifted its stake in shares of Manhattan Associates by 28.8% in the fourth quarter. Lindbrook Capital LLC now owns 206 shares of the software maker’s stock worth $44,000 after acquiring an additional 46 shares during the period. Accurate Wealth Management LLC lifted its position in shares of Manhattan Associates by 4.1% in the 1st quarter. Accurate Wealth Management LLC now owns 1,371 shares of the software maker’s stock worth $343,000 after purchasing an additional 54 shares during the period. UMB Bank n.a. boosted its stake in shares of 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 purchasing an additional 58 shares during the last quarter. Janiczek Wealth Management LLC increased its position in shares of Manhattan Associates by 4.6% during the first quarter. Janiczek Wealth Management LLC now owns 1,492 shares of the software maker’s stock worth $373,000 after buying an additional 65 shares during the period. Finally, QRG Capital Management Inc. raised its stake in Manhattan Associates by 3.4% during the fourth quarter. QRG Capital Management Inc. now owns 2,424 shares of the software maker’s stock worth $522,000 after buying an additional 80 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Trading Down 0.8 %

Shares of Manhattan Associates stock traded down $1.99 on Tuesday, reaching $239.15. The stock had a trading volume of 549,071 shares, compared to its average volume of 401,675. The business’s 50 day moving average is $230.71 and its two-hundred day moving average is $233.09. The company has a market cap of $14.72 billion, a P/E ratio of 78.80 and a beta of 1.50. Manhattan Associates, Inc. has a 1 year low of $182.97 and a 1 year high of $266.94.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, April 23rd. The software maker reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.23. The company had revenue of $254.55 million during the quarter, compared to analyst estimates of $243.32 million. Manhattan Associates had a net margin of 19.91% and a return on equity of 85.28%. On average, equities analysts anticipate that Manhattan Associates, Inc. will post 2.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. William Blair reiterated a “market perform” rating on shares of Manhattan Associates in a report on Wednesday, April 24th. Citigroup lifted their price target on shares of Manhattan Associates from $220.00 to $257.00 and gave the company a “neutral” rating in a research report on Friday, June 28th. StockNews.com downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Monday, May 27th. Redburn Atlantic started coverage on shares of Manhattan Associates in a report on Tuesday, May 14th. They set a “buy” rating and a $260.00 price objective for the company. Finally, DA Davidson upped their target price on shares of Manhattan Associates from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $245.13.

Manhattan Associates Company Profile

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.