Janus Henderson Group PLC Lowers Stake in Manhattan Associates, Inc. (MANH)
Janus Henderson Group PLC reduced its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 38.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 267,213 shares of the software maker’s stock after selling 168,506 shares during the quarter. Janus Henderson Group PLC owned about 0.39% of Manhattan Associates worth $11,108,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of MANH. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Manhattan Associates by 219.8% during the 2nd 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 last quarter. Koch Industries Inc. lifted its position in Manhattan Associates by 5,389.1% in the second quarter. Koch Industries Inc. now owns 729,227 shares of the software maker’s stock worth $714,000 after buying an additional 715,942 shares during the last quarter. Wells Fargo & Company MN lifted its position in Manhattan Associates by 116.2% in the second quarter. Wells Fargo & Company MN now owns 1,066,350 shares of the software maker’s stock worth $51,249,000 after buying an additional 573,226 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Manhattan Associates by 756.0% in the third quarter. Russell Investments Group Ltd. now owns 575,442 shares of the software maker’s stock worth $23,921,000 after buying an additional 508,215 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in Manhattan Associates by 1,656.6% in the second quarter. Nordea Investment Management AB now owns 488,967 shares of the software maker’s stock worth $23,500,000 after buying an additional 461,131 shares during the last quarter.
A number of analysts recently issued reports on the company. Zacks Investment Research upgraded Manhattan Associates from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. KeyCorp restated a “hold” rating on shares of Manhattan Associates in a research report on Tuesday, October 17th. BidaskClub upgraded Manhattan Associates from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Finally, SunTrust Banks upgraded Manhattan Associates from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Tuesday, October 3rd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $60.00.
Shares of Manhattan Associates, Inc. (MANH) opened at $48.33 on Tuesday. Manhattan Associates, Inc. has a 52-week low of $40.75 and a 52-week high of $55.74. The stock has a market capitalization of $3,330.00, a price-to-earnings ratio of 27.78 and a beta of 1.15.
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, topping 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 business had revenue of $152.88 million during the quarter, compared to the consensus estimate of $150.30 million. During the same period last year, the company earned $0.50 earnings per share. The business’s revenue for the quarter was up .4% compared to the same quarter last year. equities analysts forecast that Manhattan Associates, Inc. will post 1.75 EPS for the current fiscal year.
In other news, CEO Eddie Capel sold 23,000 shares of Manhattan Associates stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $42.04, for a total transaction of $966,920.00. Following the completion of the sale, the chief executive officer now directly owns 180,057 shares in the company, valued at $7,569,596.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.01% of the stock is currently owned by company insiders.
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Manhattan Associates Company 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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