3 days Ago By ABMN Staff
Daiwa Securities Group Inc. cut its holdings in Manhattan Associates, Inc. ( NASDAQ:MANH – Free Report ) by 14.
8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,300 shares of the software maker’s stock after selling 748 shares during the quarter. Daiwa Securities Group Inc.
’s holdings in Manhattan Associates were worth $1,061,000 as of its most recent SEC filing. Several other institutional investors and hedge funds have also modified their holdings of the business. Texas Permanent School Fund Corp grew its position in shares of Manhattan Associates by 24.
3% in the 2nd quarter. Texas Permanent School Fund Corp now owns 66,966 shares of the software maker’s stock valued at $16,519,000 after purchasing an additional 13,084 shares during the period. Choreo LLC grew its position in shares of Manhattan Associates by 35.
8% in the 2nd quarter. Choreo LLC now owns 1,935 shares of the software maker’s stock valued at $475,000 after purchasing an additional 510 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in shares of Manhattan Associates in the 2nd quarter valued at approximately $31,000.
Caprock Group LLC acquired a new position in Manhattan Associates during the 2nd quarter worth approximately $1,024,000. Finally, MainStreet Investment Advisors LLC boosted its position in Manhattan Associates by 6.4% during the 2nd quarter.
MainStreet Investment Advisors LLC now owns 2,459 shares of the software maker’s stock worth $607,000 after acquiring an additional 148 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Manhattan Associates In related news, EVP James Stewart Gantt sold 6,000 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $256.50, for a total value of $1,539,000.
00. Following the sale, the executive vice president now owns 46,287 shares in the company, valued at approximately $11,872,615.50.
The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . 0.72% of the stock is owned by company insiders.
Manhattan Associates Trading Down 0.1 % Manhattan Associates ( NASDAQ:MANH – Get Free Report ) last released its quarterly earnings data on Tuesday, July 23rd. The software maker reported $1.
18 EPS for the quarter, beating the consensus estimate of $0.96 by $0.22.
Manhattan Associates had a return on equity of 84.54% and a net margin of 20.54%.
The company had revenue of $265.30 million during the quarter, compared to the consensus estimate of $255.83 million.
During the same quarter in the prior year, the firm posted $0.63 EPS. The firm’s revenue for the quarter was up 14.
8% compared to the same quarter last year. As a group, sell-side analysts predict that Manhattan Associates, Inc. will post 3.
01 EPS for the current fiscal year. Analyst Upgrades and Downgrades A number of equities analysts have weighed in on MANH shares. Loop Capital upped their price target on Manhattan Associates from $250.
00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Citigroup upped their price target on Manhattan Associates from $220.
00 to $257.00 and gave the stock a “neutral” rating in a research report on Friday, June 28th. DA Davidson upped their price target on Manhattan Associates from $260.
00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, StockNews.
com downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.
com, the company has an average rating of “Moderate Buy” and an average target price of $257.43. View Our Latest Analysis on MANH About Manhattan Associates ( 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. Read More Want to see what other hedge funds are holding MANH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Manhattan Associates, Inc.
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