Stifel Financial Corp lifted its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 41.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 52,857 shares of the software maker’s stock after purchasing an additional 15,370 shares during the period. Stifel Financial Corp owned 0.08% of Manhattan Associates worth $2,197,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in MANH. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Manhattan Associates by 219.8% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,868,470 shares of the software maker’s stock valued at $89,799,000 after acquiring an additional 1,284,125 shares during the period. Koch Industries Inc. lifted its stake in shares of Manhattan Associates by 5,389.1% during the second quarter. Koch Industries Inc. now owns 729,227 shares of the software maker’s stock valued at $714,000 after acquiring an additional 715,942 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Manhattan Associates by 116.2% during the second quarter. Wells Fargo & Company MN now owns 1,066,350 shares of the software maker’s stock valued at $51,249,000 after acquiring an additional 573,226 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Manhattan Associates by 756.0% during the third quarter. Russell Investments Group Ltd. now owns 575,442 shares of the software maker’s stock valued at $23,921,000 after acquiring an additional 508,215 shares during the period. Finally, Nordea Investment Management AB lifted its stake in shares of Manhattan Associates by 1,656.6% during the second quarter. Nordea Investment Management AB now owns 488,967 shares of the software maker’s stock valued at $23,500,000 after acquiring an additional 461,131 shares during the period.
In other Manhattan Associates news, CEO Eddie Capel sold 23,000 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $42.04, for a total value of $966,920.00. Following the transaction, the chief executive officer now owns 180,057 shares of the company’s stock, valued at $7,569,596.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.01% of the company’s stock.
Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, October 24th. The software maker reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.02. Manhattan Associates had a return on equity of 74.19% and a net margin of 20.38%. The firm had revenue of $152.88 million for the quarter, compared to analyst estimates of $150.30 million. During the same quarter in the prior year, the firm posted $0.50 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. sell-side analysts expect that Manhattan Associates, Inc. will post 1.75 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on MANH shares. Zacks Investment Research raised Manhattan Associates from a “sell” rating to a “hold” rating in a research note on Saturday, November 18th. BidaskClub raised Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. SunTrust Banks raised Manhattan Associates from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. Finally, KeyCorp reaffirmed a “hold” rating on shares of Manhattan Associates in a research note on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Manhattan Associates currently has an average rating of “Hold” and a consensus target price of $60.00.
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Manhattan Associates Profile
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.
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