Public Employees Retirement Association of Colorado Increases Stock Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Public Employees Retirement Association of Colorado boosted its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 7.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 244,493 shares of the software maker’s stock after purchasing an additional 17,400 shares during the period. Public Employees Retirement Association of Colorado owned about 0.38% of Manhattan Associates worth $19,723,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Truewealth LLC purchased a new position in shares of Manhattan Associates during the 2nd quarter valued at about $25,000. Cullen Frost Bankers Inc. purchased a new position in shares of Manhattan Associates during the 2nd quarter valued at about $40,000. CWM LLC lifted its position in shares of Manhattan Associates by 25.4% during the 2nd quarter. CWM LLC now owns 647 shares of the software maker’s stock valued at $45,000 after buying an additional 131 shares in the last quarter. Quest Capital Management Inc. ADV purchased a new position in shares of Manhattan Associates during the 3rd quarter valued at about $73,000. Finally, Transamerica Financial Advisors Inc. purchased a new position in Manhattan Associates in the 2nd quarter worth approximately $111,000.

NASDAQ MANH traded down $0.30 during trading hours on Monday, reaching $75.21. The company’s stock had a trading volume of 7,894 shares, compared to its average volume of 484,319. The firm’s 50-day moving average price is $80.16 and its 200-day moving average price is $75.29. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.22. Manhattan Associates, Inc. has a 1 year low of $39.01 and a 1 year high of $89.53. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 47.52 and a beta of 1.45.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Tuesday, October 22nd. The software maker reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.15. Manhattan Associates had a return on equity of 63.78% and a net margin of 15.58%. The company had revenue of $162.27 million for the quarter, compared to analysts’ expectations of $151.64 million. During the same period in the previous year, the firm earned $0.49 EPS. The firm’s revenue was up 14.0% compared to the same quarter last year. Equities research analysts anticipate that Manhattan Associates, Inc. will post 1.27 EPS for the current fiscal year.

A number of research analysts recently commented on MANH shares. SunTrust Banks boosted their price target on Manhattan Associates from $85.00 to $92.00 and gave the stock a “buy” rating in a report on Monday, August 12th. BidaskClub cut Manhattan Associates from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Zacks Investment Research raised Manhattan Associates from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Tuesday, October 29th. Benchmark reissued a “buy” rating and issued a $90.00 price target (up from $75.00) on shares of Manhattan Associates in a report on Wednesday, July 24th. Finally, ValuEngine cut Manhattan Associates from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $92.00.

Manhattan Associates Profile

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers, and other organizations. The company offers Manhattan SCALE, a portfolio of logistics execution solutions that provide trading partner management, yard management, optimization, warehouse management, and transportation execution services; and Manhattan Active, a set of enterprise and store omni-channel solutions.

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

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