Manhattan Associates, Inc. (NASDAQ:MANH) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANHGet Rating) by 2.9% during the third quarter, HoldingsChannel reports. The fund owned 6,200 shares of the software maker’s stock after buying an additional 176 shares during the period. Janney Montgomery Scott LLC’s holdings in Manhattan Associates were worth $824,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Renaissance Technologies LLC grew its holdings in Manhattan Associates by 87.3% in the second quarter. Renaissance Technologies LLC now owns 360,660 shares of the software maker’s stock valued at $41,332,000 after purchasing an additional 168,100 shares during the last quarter. Parallel Advisors LLC grew its holdings in Manhattan Associates by 80.9% in the second quarter. Parallel Advisors LLC now owns 492 shares of the software maker’s stock valued at $56,000 after purchasing an additional 220 shares during the last quarter. abrdn plc grew its holdings in Manhattan Associates by 11.3% in the second quarter. abrdn plc now owns 23,498 shares of the software maker’s stock valued at $2,693,000 after purchasing an additional 2,387 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in Manhattan Associates in the third quarter valued at $2,222,000. Finally, BNP Paribas Arbitrage SA grew its holdings in Manhattan Associates by 8.2% in the second quarter. BNP Paribas Arbitrage SA now owns 26,575 shares of the software maker’s stock valued at $3,045,000 after purchasing an additional 2,016 shares during the last quarter. Institutional investors and hedge funds own 96.92% of the company’s stock.

Wall Street Analyst Weigh In

MANH has been the topic of a number of analyst reports. StockNews.com raised Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Thursday, October 27th. Robert W. Baird decreased their price objective on Manhattan Associates to $161.00 in a research note on Wednesday, December 14th.

Manhattan Associates Stock Down 1.4 %

MANH opened at $120.72 on Friday. The firm has a market cap of $7.53 billion, a P/E ratio of 68.59 and a beta of 1.64. Manhattan Associates, Inc. has a 52 week low of $106.02 and a 52 week high of $155.81. The business’s fifty day simple moving average is $121.42 and its 200 day simple moving average is $128.30.

Manhattan Associates (NASDAQ:MANHGet Rating) last released its earnings results on Tuesday, October 25th. The software maker reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.09. Manhattan Associates had a return on equity of 51.06% and a net margin of 15.08%. The firm had revenue of $198.10 million for the quarter, compared to the consensus estimate of $185.76 million. During the same period in the prior year, the business posted $0.57 earnings per share. The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. As a group, equities analysts expect that Manhattan Associates, Inc. will post 1.68 EPS for the current fiscal year.

Manhattan Associates Company Profile

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Manhattan Associates, Inc engages in designing, building and delivering supply chain commerce solutions by converging front-end sales with back-end supply chain. It operates through the following geographical segments: The Americas, Europe, Middle East and Africa and Asia Pacific. The company was founded by Deepak Raghavan in October 1990 and is headquartered in Atlanta, GA.

See Also

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:MANHGet Rating).

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

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