Manhattan Associates, Inc. (MANH) Holding Boosted by Great West Life Assurance Co. Can

Manhattan Associates, Inc. (MANH) Holding Boosted by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can boosted its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 2.1% during the first quarter, Holdings Channel reports. The fund owned 41,462 shares of the software maker’s stock after buying an additional 869 shares during the period. Great West Life Assurance Co. Can’s holdings in Manhattan Associates were worth $2,158,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. ETRADE Capital Management LLC raised its stake in shares of Manhattan Associates by 22.4% in the third quarter. ETRADE Capital Management LLC now owns 18,455 shares of the software maker’s stock worth $1,063,000 after buying an additional 3,382 shares during the last quarter. Ashford Capital Management Inc. raised its stake in shares of Manhattan Associates by 28.0% in the third quarter. Ashford Capital Management Inc. now owns 69,900 shares of the software maker’s stock worth $4,028,000 after buying an additional 15,300 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Manhattan Associates by 32.3% in the third quarter. Ameritas Investment Partners Inc. now owns 41,678 shares of the software maker’s stock worth $2,401,000 after buying an additional 10,172 shares during the last quarter. Chartwell Investment Partners LLC raised its stake in shares of Manhattan Associates by 12.7% in the third quarter. Chartwell Investment Partners LLC now owns 1,209,846 shares of the software maker’s stock worth $69,711,000 after buying an additional 136,279 shares during the last quarter. Finally, Dana Investment Advisors Inc. raised its stake in shares of Manhattan Associates by 8.1% in the third quarter. Dana Investment Advisors Inc. now owns 33,709 shares of the software maker’s stock worth $1,942,000 after buying an additional 2,516 shares during the last quarter. 99.68% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Manhattan Associates, Inc. (MANH) opened at 47.81 on Friday. Manhattan Associates, Inc. has a 12 month low of $44.83 and a 12 month high of $68.53. The firm has a 50-day moving average price of $47.04 and a 200-day moving average price of $50.12. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 27.45 and a beta of 1.13.

Manhattan Associates (NASDAQ:MANH) last released its earnings results on Thursday, April 20th. The software maker reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. The business had revenue of $143.49 million for the quarter, compared to the consensus estimate of $146.49 million. Manhattan Associates had a net margin of 20.55% and a return on equity of 70.51%. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period last year, the firm posted $0.42 earnings per share. Equities analysts expect that Manhattan Associates, Inc. will post $1.90 EPS for the current fiscal year.

A number of analysts have issued reports on MANH shares. Zacks Investment Research raised Manhattan Associates from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Thursday, April 27th. Benchmark Co. lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Friday, April 21st.

About Manhattan Associates

Manhattan Associates, Inc (Manhattan) is a developer and provider of supply chain commerce solutions. The Company operates through three geographical segments: the Americas, Europe, Middle East and Africa (EMEA), and the Asia Pacific (APAC). It is engaged in developing, selling, deploying, servicing and maintaining software solutions designed to manage supply chains, inventory and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers and other organizations.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:MANH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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. (NASDAQ:MANH).

Related posts

Leave a Comment