Los Angeles Capital Management LLC Decreases Stake in Manhattan Associates, Inc. (NASDAQ:MANH)

Los Angeles Capital Management LLC lessened its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 9.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 152,330 shares of the software maker's stock after selling 15,117 shares during the period. Los Angeles Capital Management LLC owned 0.25% of Manhattan Associates worth $42,863,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Manhattan Associates by 0.9% in the first quarter. Vanguard Group Inc. now owns 6,671,321 shares of the software maker's stock worth $1,669,365,000 after acquiring an additional 58,905 shares during the period. TD Asset Management Inc grew its holdings in Manhattan Associates by 10.5% during the 1st quarter. TD Asset Management Inc now owns 607,167 shares of the software maker's stock valued at $151,931,000 after buying an additional 57,859 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Manhattan Associates by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 604,115 shares of the software maker's stock valued at $149,023,000 after buying an additional 2,156 shares during the period. RGM Capital LLC grew its stake in Manhattan Associates by 4.1% during the second quarter. RGM Capital LLC now owns 583,037 shares of the software maker's stock valued at $143,824,000 after acquiring an additional 23,000 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in Manhattan Associates by 0.3% in the 1st quarter. Bessemer Group Inc. now owns 561,901 shares of the software maker's stock worth $140,604,000 after purchasing an additional 1,757 shares in the last quarter. Institutional investors own 98.45% of the company's stock.

Manhattan Associates Stock Down 0.1 %

NASDAQ:MANH traded down $0.19 during trading hours on Friday, hitting $283.48. 284,005 shares of the stock traded hands, compared to its average volume of 514,590. The stock has a 50 day moving average price of $277.28 and a 200 day moving average price of $249.88. The company has a market cap of $17.31 billion, a price-to-earnings ratio of 80.53 and a beta of 1.52. Manhattan Associates, Inc. has a 1 year low of $199.23 and a 1 year high of $307.50.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The software maker reported $1.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.29. Manhattan Associates had a return on equity of 84.55% and a net margin of 21.38%. The business had revenue of $266.70 million during the quarter, compared to analyst estimates of $262.90 million. During the same quarter in the prior year, the business posted $0.79 EPS. Manhattan Associates's revenue for the quarter was up 11.9% compared to the same quarter last year. Equities analysts forecast that Manhattan Associates, Inc. will post 3.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MANH shares. Loop Capital upped their target price on Manhattan Associates from $265.00 to $285.00 and gave the stock a "buy" rating in a research note on Monday, September 16th. StockNews.com cut Manhattan Associates from a "buy" rating to a "hold" rating in a report on Thursday, August 1st. Robert W. Baird increased their price target on shares of Manhattan Associates from $263.00 to $304.00 and gave the company an "outperform" rating in a research report on Tuesday, October 22nd. Raymond James upped their price target on shares of Manhattan Associates from $255.00 to $305.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Finally, Citigroup lifted their price objective on Manhattan Associates from $257.00 to $287.00 and gave the stock a "neutral" rating in a report on Wednesday, September 25th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $286.38.

Manhattan Associates Company Profile

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.