Kapitalo Investimentos Ltda Makes New $377,000 Investment in Manhattan Associates, Inc. (NASDAQ:MANH)

Kapitalo Investimentos Ltda bought a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,750 shares of the software maker’s stock, valued at approximately $377,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MANH. HighTower Advisors LLC lifted its holdings in Manhattan Associates by 98.6% during the third quarter. HighTower Advisors LLC now owns 12,043 shares of the software maker’s stock worth $2,388,000 after acquiring an additional 5,979 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Manhattan Associates by 1,227.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 23,741 shares of the software maker’s stock valued at $4,675,000 after purchasing an additional 21,952 shares during the period. Aviva PLC raised its stake in shares of Manhattan Associates by 235.9% in the 3rd quarter. Aviva PLC now owns 25,619 shares of the software maker’s stock valued at $5,064,000 after purchasing an additional 17,993 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Manhattan Associates in the 3rd quarter valued at about $200,000. Finally, Prudential PLC acquired a new stake in shares of Manhattan Associates in the 3rd quarter valued at about $825,000. 98.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MANH. Rosenblatt Securities reissued a “neutral” rating and issued a $225.00 price target on shares of Manhattan Associates in a research note on Wednesday, April 24th. Citigroup lowered 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. William Blair reaffirmed a “market perform” rating on shares of Manhattan Associates in a research report on Wednesday, April 24th. Redburn Atlantic began 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. Finally, StockNews.com downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Monday, May 27th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $240.50.

Manhattan Associates Stock Up 2.0 %

Shares of NASDAQ MANH opened at $237.37 on Wednesday. The business’s 50 day moving average price is $222.35 and its two-hundred day moving average price is $230.12. The company has a market cap of $14.61 billion, a PE ratio of 77.57 and a beta of 1.48. Manhattan Associates, Inc. has a twelve month low of $182.97 and a twelve month high of $266.94.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Tuesday, April 23rd. The software maker reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.23. Manhattan Associates had a return on equity of 85.28% and a net margin of 19.91%. The company had revenue of $254.55 million during the quarter, compared to analysts’ expectations of $243.32 million. As a group, research analysts anticipate that Manhattan Associates, Inc. will post 2.72 EPS for the current fiscal year.

Manhattan Associates 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.