Stifel Financial Corp Increases Position in Manhattan Associates, Inc. (MANH)

Stifel Financial Corp boosted its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 23.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,356 shares of the software maker’s stock after acquiring an additional 16,348 shares during the period. Stifel Financial Corp owned 0.13% of Manhattan Associates worth $3,664,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Russell Investments Group Ltd. boosted its holdings in Manhattan Associates by 43.2% in the 1st quarter. Russell Investments Group Ltd. now owns 824,093 shares of the software maker’s stock valued at $34,501,000 after purchasing an additional 248,651 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Manhattan Associates by 31.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,074,707 shares of the software maker’s stock valued at $45,009,000 after purchasing an additional 254,159 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Manhattan Associates by 4.8% in the 1st quarter. JPMorgan Chase & Co. now owns 1,967,723 shares of the software maker’s stock valued at $82,409,000 after purchasing an additional 90,714 shares during the last quarter. Natixis Advisors L.P. boosted its holdings in Manhattan Associates by 5.5% in the 1st quarter. Natixis Advisors L.P. now owns 131,507 shares of the software maker’s stock valued at $5,508,000 after purchasing an additional 6,912 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in Manhattan Associates by 1.6% in the 1st quarter. BlackRock Inc. now owns 5,896,102 shares of the software maker’s stock valued at $246,927,000 after purchasing an additional 90,196 shares during the last quarter.

In other news, CFO Dennis B. Story sold 16,280 shares of the firm’s stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $43.13, for a total value of $702,156.40. Following the transaction, the chief financial officer now owns 63,060 shares in the company, valued at $2,719,777.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.99% of the stock is owned by company insiders.



Shares of Manhattan Associates opened at $49.63 on Monday, MarketBeat reports. Manhattan Associates, Inc. has a one year low of $39.10 and a one year high of $54.21. The company has a market capitalization of $3.32 billion, a PE ratio of 28.85 and a beta of 1.23.

Manhattan Associates (NASDAQ:MANH) last posted its earnings results on Tuesday, April 24th. The software maker reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.06. Manhattan Associates had a return on equity of 68.51% and a net margin of 19.07%. The company had revenue of $130.60 million for the quarter, compared to analyst estimates of $129.92 million. During the same quarter last year, the company earned $0.42 earnings per share. The company’s revenue for the quarter was down 9.0% on a year-over-year basis. research analysts anticipate that Manhattan Associates, Inc. will post 1.27 earnings per share for the current year.

Several equities analysts have weighed in on the stock. BidaskClub upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating in a report on Wednesday, June 13th. ValuEngine upgraded shares of Manhattan Associates from a “sell” rating to a “hold” rating in a report on Wednesday, June 6th. Benchmark upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Friday. Finally, TheStreet lowered shares of Manhattan Associates from a “b-” rating to a “c+” rating in a report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $60.00.

Manhattan Associates Company Profile

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 provides supply chain solutions, including distribution management, transportation management, and visibility solutions; omni-channel solutions; and inventory optimization and planning solutions.

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

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