Bokf Na Raises Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Bokf Na lifted its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANHFree Report) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,184 shares of the software maker’s stock after buying an additional 273 shares during the period. Bokf Na’s holdings in Manhattan Associates were worth $3,513,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of MANH. Tobam purchased a new position in shares of Manhattan Associates in the 1st quarter worth about $25,000. Benjamin Edwards Inc. purchased a new stake in Manhattan Associates during the 1st quarter worth about $27,000. Blue Trust Inc. boosted its stake in Manhattan Associates by 259.4% in the 4th quarter. Blue Trust Inc. now owns 115 shares of the software maker’s stock worth $25,000 after purchasing an additional 83 shares during the period. Bear Mountain Capital Inc. purchased a new position in Manhattan Associates during the 4th quarter valued at about $26,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Manhattan Associates during the fourth quarter valued at about $26,000. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

Shares of Manhattan Associates stock traded up $0.07 during midday trading on Monday, reaching $258.53. 32,050 shares of the company’s stock traded hands, compared to its average volume of 424,930. The stock has a 50 day moving average of $233.36 and a 200-day moving average of $234.87. The company has a market cap of $15.92 billion, a PE ratio of 84.46 and a beta of 1.50. Manhattan Associates, Inc. has a 12 month low of $182.97 and a 12 month high of $266.94.

Manhattan Associates (NASDAQ:MANHGet Free Report) last posted its earnings results on Tuesday, July 23rd. The software maker reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.22. Manhattan Associates had a return on equity of 84.54% and a net margin of 20.54%. The firm had revenue of $265.30 million for the quarter, compared to the consensus estimate of $255.83 million. During the same quarter in the prior year, the business earned $0.63 EPS. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, equities analysts anticipate that Manhattan Associates, Inc. will post 3.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MANH. Rosenblatt Securities restated a “neutral” rating and issued a $225.00 price objective on shares of Manhattan Associates in a research report on Wednesday, April 24th. William Blair restated a “market perform” rating on shares of Manhattan Associates in a research report on Wednesday, April 24th. StockNews.com raised Manhattan Associates from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. DA Davidson lifted their target price on shares of Manhattan Associates from $260.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, Redburn Atlantic started coverage on shares of Manhattan Associates in a research report on Tuesday, May 14th. They set a “buy” rating and a $260.00 price target for the company. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $257.43.

Check Out Our Latest Research Report 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.

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

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