Manhattan Associates, Inc. (MANH) Stake Boosted by Royal Bank of Canada
Royal Bank of Canada grew its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 4.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 858,846 shares of the software maker’s stock after purchasing an additional 36,642 shares during the quarter. Royal Bank of Canada owned approximately 1.25% of Manhattan Associates worth $41,277,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. World Asset Management Inc raised its position in shares of Manhattan Associates by 0.4% in the second quarter. World Asset Management Inc now owns 5,015 shares of the software maker’s stock valued at $241,000 after purchasing an additional 19 shares during the period. Alps Advisors Inc. increased its position in Manhattan Associates by 0.3% during the second quarter. Alps Advisors Inc. now owns 9,559 shares of the software maker’s stock worth $459,000 after acquiring an additional 25 shares during the period. Stephens Inc. AR increased its position in Manhattan Associates by 0.5% during the second quarter. Stephens Inc. AR now owns 6,086 shares of the software maker’s stock worth $292,000 after acquiring an additional 32 shares during the period. Somerset Trust Co increased its position in Manhattan Associates by 0.7% during the second quarter. Somerset Trust Co now owns 5,640 shares of the software maker’s stock worth $271,000 after acquiring an additional 37 shares during the period. Finally, Advantus Capital Management Inc increased its position in Manhattan Associates by 1.9% during the first quarter. Advantus Capital Management Inc now owns 9,013 shares of the software maker’s stock worth $469,000 after acquiring an additional 166 shares during the period.
A number of equities analysts recently issued reports on MANH shares. Zacks Investment Research raised shares of Manhattan Associates from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. SunTrust Banks, Inc. started coverage on shares of Manhattan Associates in a research report on Monday, June 26th. They set a “hold” rating and a $45.00 target price on the stock. Finally, BidaskClub raised shares of Manhattan Associates from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $65.00.
Manhattan Associates, Inc. (NASDAQ MANH) opened at 46.28 on Friday. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 26.74 and a beta of 1.12. The company’s 50-day moving average is $42.93 and its 200-day moving average is $45.87. Manhattan Associates, Inc. has a 12 month low of $40.83 and a 12 month high of $59.60.
Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Thursday, July 20th. The software maker reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Manhattan Associates had a return on equity of 75.58% and a net margin of 20.55%. The business had revenue of $154.10 million for the quarter, compared to analysts’ expectations of $153.80 million. During the same quarter in the prior year, the business earned $0.49 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities research analysts anticipate that Manhattan Associates, Inc. will post $1.87 earnings per share for the current year.
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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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