Manhattan Associates, Inc. (NASDAQ:MANH) Shares Acquired by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lifted its position in shares of Manhattan Associates, Inc. (NASDAQ:MANHFree Report) by 110.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 369,352 shares of the software maker’s stock after buying an additional 193,951 shares during the period. Epoch Investment Partners Inc.’s holdings in Manhattan Associates were worth $79,529,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. increased its holdings in Manhattan Associates by 259.4% in the 4th quarter. Blue Trust Inc. now owns 115 shares of the software maker’s stock valued at $25,000 after purchasing an additional 83 shares in the last quarter. Bear Mountain Capital Inc. acquired a new stake in Manhattan Associates in the 4th quarter valued at $26,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Manhattan Associates in the 4th quarter valued at $26,000. Lindbrook Capital LLC increased its holdings in Manhattan Associates by 28.8% in the 4th quarter. Lindbrook Capital LLC now owns 206 shares of the software maker’s stock valued at $44,000 after purchasing an additional 46 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in Manhattan Associates by 25.9% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the software maker’s stock valued at $61,000 after purchasing an additional 58 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Associates Stock Performance

Shares of MANH stock traded up $0.73 during trading hours on Friday, hitting $220.55. 320,759 shares of the company were exchanged, compared to its average volume of 402,788. Manhattan Associates, Inc. has a one year low of $180.88 and a one year high of $266.94. The business’s 50-day simple moving average is $224.85 and its two-hundred day simple moving average is $229.76. The stock has a market capitalization of $13.58 billion, a price-to-earnings ratio of 72.08 and a beta of 1.48.

Manhattan Associates (NASDAQ:MANHGet Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The software maker reported $0.86 EPS for the quarter, topping the consensus estimate of $0.63 by $0.23. Manhattan Associates had a net margin of 19.91% and a return on equity of 85.28%. The business had revenue of $254.55 million for the quarter, compared to analysts’ expectations of $243.32 million. As a group, analysts anticipate that Manhattan Associates, Inc. will post 2.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MANH has been the subject of several recent research reports. StockNews.com downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a report on Monday, May 27th. William Blair restated a “market perform” rating on shares of Manhattan Associates in a research note on Wednesday, April 24th. Citigroup lowered their target price on Manhattan Associates from $260.00 to $220.00 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. Rosenblatt Securities restated a “neutral” rating and set a $225.00 target price on shares of Manhattan Associates in a research note on Wednesday, April 24th. Finally, DA Davidson raised their target price on Manhattan Associates from $240.00 to $260.00 and gave the company 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 issued a buy rating to the company’s stock. According to data from MarketBeat, Manhattan Associates presently has a consensus rating of “Moderate Buy” and a consensus target price of $240.50.

Check Out Our Latest Analysis 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.

Further Reading

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

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