Los Angeles Capital Management LLC Buys 43,704 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Los Angeles Capital Management LLC boosted its stake in Manhattan Associates, Inc. (NASDAQ:MANHFree Report) by 11.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 427,326 shares of the software maker’s stock after acquiring an additional 43,704 shares during the quarter. Los Angeles Capital Management LLC owned 0.69% of Manhattan Associates worth $106,930,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. CWM LLC lifted its position in Manhattan Associates by 96.4% in the 1st quarter. CWM LLC now owns 2,225 shares of the software maker’s stock valued at $557,000 after acquiring an additional 1,092 shares in the last quarter. Arden Trust Co acquired a new stake in Manhattan Associates in the 1st quarter valued at $223,000. Kapitalo Investimentos Ltda acquired a new stake in Manhattan Associates in the 4th quarter valued at $377,000. HighPoint Advisor Group LLC acquired a new stake in Manhattan Associates in the 4th quarter valued at $412,000. Finally, Goldman Sachs Group Inc. increased its stake in Manhattan Associates by 18.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 401,563 shares of the software maker’s stock valued at $86,465,000 after buying an additional 62,031 shares during the last quarter. 98.45% of the stock is owned by institutional investors.

Manhattan Associates Stock Performance

Shares of MANH stock traded up $4.62 during midday trading on Wednesday, hitting $237.37. 381,736 shares of the company were exchanged, compared to its average volume of 387,082. The firm has a market capitalization of $14.61 billion, a P/E ratio of 77.57 and a beta of 1.48. The firm’s 50 day moving average price is $222.35 and its two-hundred day moving average price is $230.12. Manhattan Associates, Inc. has a 52 week low of $182.97 and a 52 week high of $266.94.

Manhattan Associates (NASDAQ:MANHGet Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The software maker reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.23. The firm had revenue of $254.55 million during the quarter, compared to the consensus estimate of $243.32 million. Manhattan Associates had a net margin of 19.91% and a return on equity of 85.28%. Analysts expect that Manhattan Associates, Inc. will post 2.72 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Redburn Atlantic assumed coverage on shares of Manhattan Associates in a research note on Tuesday, May 14th. They issued a “buy” rating and a $260.00 price target on the stock. William Blair restated a “market perform” rating on shares of Manhattan Associates in a research note on Wednesday, April 24th. Rosenblatt Securities restated a “neutral” rating and set a $225.00 price objective on shares of Manhattan Associates in a research note on Wednesday, April 24th. Citigroup lowered their price objective on shares of Manhattan Associates from $260.00 to $220.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th. Finally, DA Davidson boosted their price objective on shares of Manhattan Associates from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $240.50.

Read Our Latest Research Report on MANH

Manhattan Associates Company Profile

(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.

Recommended Stories

Institutional Ownership by Quarter for Manhattan Associates (NASDAQ:MANH)

Receive News & Ratings for Manhattan Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manhattan Associates and related companies with MarketBeat.com's FREE daily email newsletter.