QRG Capital Management Inc. Buys 80 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

QRG Capital Management Inc. grew its holdings in Manhattan Associates, Inc. (NASDAQ:MANHFree Report) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,424 shares of the software maker’s stock after acquiring an additional 80 shares during the period. QRG Capital Management Inc.’s holdings in Manhattan Associates were worth $522,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in MANH. California Public Employees Retirement System lifted its position in shares of Manhattan Associates by 184.3% in the third quarter. California Public Employees Retirement System now owns 352,665 shares of the software maker’s stock valued at $69,708,000 after acquiring an additional 228,618 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Manhattan Associates by 42.3% in the third quarter. Royal Bank of Canada now owns 241,427 shares of the software maker’s stock valued at $47,720,000 after acquiring an additional 71,725 shares in the last quarter. Swiss National Bank lifted its position in shares of Manhattan Associates by 48.0% in the third quarter. Swiss National Bank now owns 199,820 shares of the software maker’s stock valued at $39,496,000 after acquiring an additional 64,800 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Manhattan Associates by 1,467.0% in the fourth quarter. Nordea Investment Management AB now owns 66,176 shares of the software maker’s stock valued at $14,265,000 after acquiring an additional 61,953 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Manhattan Associates by 10.5% in the third quarter. Northern Trust Corp now owns 645,187 shares of the software maker’s stock valued at $127,528,000 after acquiring an additional 61,437 shares in the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Manhattan Associates Stock Up 1.4 %

Shares of NASDAQ:MANH opened at $228.78 on Friday. Manhattan Associates, Inc. has a 52-week low of $171.30 and a 52-week high of $266.94. The stock has a market cap of $14.09 billion, a P/E ratio of 74.76 and a beta of 1.45. The business’s 50 day moving average is $232.74 and its 200 day moving average is $228.91.

Manhattan Associates (NASDAQ:MANHGet Free Report) last posted its earnings results on Tuesday, April 23rd. The software maker reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.23. The company had revenue of $254.55 million during the quarter, compared to analyst estimates of $243.32 million. Manhattan Associates had a return on equity of 85.28% and a net margin of 19.91%. On average, sell-side 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 topic of a number of research analyst reports. DA Davidson boosted their target price on Manhattan Associates from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday. Citigroup decreased their target price on Manhattan Associates from $260.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Redburn Atlantic initiated coverage on Manhattan Associates in a research report on Tuesday, May 14th. They issued a “buy” rating and a $260.00 target price on the stock. William Blair reiterated a “market perform” rating on shares of Manhattan Associates in a research report on Wednesday, April 24th. Finally, Truist Financial boosted their target price on Manhattan Associates from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $240.50.

Get Our Latest Research Report on Manhattan Associates

About Manhattan Associates

(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

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:MANHFree Report).

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

Receive News & Ratings for Manhattan Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manhattan Associates and related companies with MarketBeat.com's FREE daily email newsletter.