Alpine Global Management LLC bought a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 4,383 shares of the software maker’s stock, valued at approximately $350,000.
Other hedge funds have also bought and sold shares of the company. Vestmark Advisory Solutions Inc. lifted its holdings in Manhattan Associates by 2.4% during the third quarter. Vestmark Advisory Solutions Inc. now owns 6,572 shares of the software maker’s stock worth $530,000 after acquiring an additional 151 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Manhattan Associates by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 103,612 shares of the software maker’s stock valued at $8,358,000 after purchasing an additional 1,235 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Manhattan Associates in the 3rd quarter valued at about $2,725,000. California Public Employees Retirement System raised its stake in shares of Manhattan Associates by 23.8% in the 3rd quarter. California Public Employees Retirement System now owns 155,583 shares of the software maker’s stock valued at $12,551,000 after purchasing an additional 29,931 shares during the period. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Manhattan Associates by 2.7% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 268,732 shares of the software maker’s stock valued at $21,679,000 after purchasing an additional 7,027 shares during the period.
Several research firms have issued reports on MANH. ValuEngine downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub raised Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Wednesday, December 25th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $100.00 price target on shares of Manhattan Associates in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Manhattan Associates currently has an average rating of “Buy” and a consensus target price of $92.00.
MANH opened at $85.24 on Friday. The business’s 50-day moving average price is $80.93 and its two-hundred day moving average price is $80.04. Manhattan Associates, Inc. has a 1 year low of $46.66 and a 1 year high of $89.53. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 53.95 and a beta of 1.47. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.32 and a quick ratio of 1.32.
Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings results on Tuesday, October 22nd. The software maker reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.15. Manhattan Associates had a return on equity of 63.78% and a net margin of 15.58%. The firm had revenue of $162.27 million for the quarter, compared to the consensus estimate of $151.64 million. During the same quarter last year, the business posted $0.49 EPS. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. Sell-side analysts anticipate that Manhattan Associates, Inc. will post 1.27 earnings per share for the current fiscal year.
About Manhattan Associates
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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