Alliancebernstein L.P. Buys 106,752 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Alliancebernstein L.P. grew its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANHGet Rating) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,223,608 shares of the software maker’s stock after buying an additional 106,752 shares during the period. Alliancebernstein L.P. owned 3.52% of Manhattan Associates worth $345,749,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Janus Henderson Group PLC increased its position in shares of Manhattan Associates by 29.6% in the third quarter. Janus Henderson Group PLC now owns 25,442 shares of the software maker’s stock worth $3,894,000 after purchasing an additional 5,813 shares during the last quarter. Morgan Stanley increased its position in shares of Manhattan Associates by 13.5% in the third quarter. Morgan Stanley now owns 192,122 shares of the software maker’s stock worth $29,401,000 after purchasing an additional 22,824 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Manhattan Associates by 309.7% in the fourth quarter. BNP Paribas Arbitrage SA now owns 37,288 shares of the software maker’s stock worth $5,798,000 after purchasing an additional 28,187 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Manhattan Associates by 38.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,944 shares of the software maker’s stock worth $1,391,000 after buying an additional 2,474 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its stake in Manhattan Associates by 12.9% in the third quarter. Guggenheim Capital LLC now owns 7,567 shares of the software maker’s stock worth $1,158,000 after buying an additional 865 shares in the last quarter. Hedge funds and other institutional investors own 96.76% of the company’s stock.

MANH opened at $122.58 on Friday. The stock has a fifty day simple moving average of $130.48 and a two-hundred day simple moving average of $138.49. The company has a market cap of $7.74 billion, a price-to-earnings ratio of 66.26 and a beta of 1.89. Manhattan Associates, Inc. has a 12-month low of $111.58 and a 12-month high of $188.52.

Manhattan Associates (NASDAQ:MANHGet Rating) last posted its quarterly earnings data on Tuesday, April 26th. The software maker reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.16. The business had revenue of $178.96 million during the quarter, compared to the consensus estimate of $168.81 million. Manhattan Associates had a return on equity of 51.60% and a net margin of 17.27%. During the same quarter in the prior year, the company earned $0.29 earnings per share. On average, sell-side analysts predict that Manhattan Associates, Inc. will post 1.45 EPS for the current fiscal year.

Several analysts have issued reports on MANH shares. Rosenblatt Securities cut their target price on Manhattan Associates from $195.00 to $165.00 and set a “buy” rating for the company in a research note on Wednesday, February 2nd. StockNews.com raised Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Thursday, April 7th. Zacks Investment Research raised Manhattan Associates from a “hold” rating to a “strong-buy” rating and set a $150.00 target price for the company in a research note on Tuesday, May 3rd. Finally, Raymond James raised Manhattan Associates from a “market perform” rating to an “outperform” rating and set a $170.00 price objective for the company in a research note on Tuesday, March 22nd. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $178.33.

Manhattan Associates Company Profile (Get Rating)

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It 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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Institutional Ownership by Quarter for Manhattan Associates (NASDAQ:MANH)

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