GYL Financial Synergies LLC purchased a new stake in Manhattan Associates, Inc. (NASDAQ:MANH) in the 1st quarter, Holdings Channel reports. The firm purchased 38,160 shares of the software maker’s stock, valued at approximately $2,103,000. Manhattan Associates makes up 0.5% of GYL Financial Synergies LLC’s holdings, making the stock its 26th largest position.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Insight Partners LLC boosted its stake in Manhattan Associates by 1.2% during the 1st quarter. Capital Insight Partners LLC now owns 21,023 shares of the software maker’s stock valued at $1,159,000 after purchasing an additional 240 shares during the period. LPL Financial LLC boosted its stake in Manhattan Associates by 4.5% during the 4th quarter. LPL Financial LLC now owns 7,097 shares of the software maker’s stock valued at $301,000 after purchasing an additional 305 shares during the period. Quantamental Technologies LLC boosted its stake in Manhattan Associates by 23.7% during the 1st quarter. Quantamental Technologies LLC now owns 1,677 shares of the software maker’s stock valued at $92,000 after purchasing an additional 321 shares during the period. Mason Street Advisors LLC boosted its stake in Manhattan Associates by 1.0% during the 1st quarter. Mason Street Advisors LLC now owns 34,575 shares of the software maker’s stock valued at $1,905,000 after purchasing an additional 330 shares during the period. Finally, Stephens Inc. AR boosted its stake in Manhattan Associates by 5.4% during the 4th quarter. Stephens Inc. AR now owns 7,642 shares of the software maker’s stock valued at $324,000 after purchasing an additional 391 shares during the period.
MANH has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. SunTrust Banks raised shares of Manhattan Associates from a “hold” rating to a “buy” rating and set a $59.02 price target for the company in a research note on Monday, April 22nd. Finally, TheStreet raised shares of Manhattan Associates from a “c+” rating to a “b-” rating in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $64.67.
NASDAQ MANH opened at $68.22 on Monday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.25. The firm has a market cap of $4.41 billion, a P/E ratio of 43.18 and a beta of 1.49. Manhattan Associates, Inc. has a 1 year low of $39.01 and a 1 year high of $70.43.
Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, April 23rd. The software maker reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). The company had revenue of $148.40 million for the quarter, compared to analyst estimates of $137.55 million. Manhattan Associates had a net margin of 17.85% and a return on equity of 73.80%. Manhattan Associates’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.37 earnings per share. On average, equities research analysts expect that Manhattan Associates, Inc. will post 1.09 earnings per share for the current year.
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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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