Sowell Financial Services LLC Acquires 240 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Sowell Financial Services LLC lifted its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 1,090.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 262 shares of the software maker’s stock after purchasing an additional 240 shares during the period. Sowell Financial Services LLC’s holdings in Manhattan Associates were worth $35,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in MANH. NEXT Financial Group Inc grew its holdings in Manhattan Associates by 117.9% in the 1st quarter. NEXT Financial Group Inc now owns 231 shares of the software maker’s stock worth $27,000 after acquiring an additional 125 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Manhattan Associates in the 4th quarter worth $30,000. Fifth Third Bancorp grew its holdings in Manhattan Associates by 267.8% in the 1st quarter. Fifth Third Bancorp now owns 331 shares of the software maker’s stock worth $39,000 after acquiring an additional 241 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Manhattan Associates in the 4th quarter worth $52,000. Finally, JJJ Advisors Inc. grew its holdings in Manhattan Associates by 41.1% in the 1st quarter. JJJ Advisors Inc. now owns 477 shares of the software maker’s stock worth $56,000 after acquiring an additional 139 shares during the last quarter. 98.95% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Associates stock opened at $142.97 on Friday. The stock has a market cap of $9.10 billion, a P/E ratio of 105.13 and a beta of 1.94. The stock has a 50 day moving average of $130.32. Manhattan Associates, Inc. has a twelve month low of $81.13 and a twelve month high of $146.84.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Monday, April 26th. The software maker reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.11. The company had revenue of $156.85 million for the quarter, compared to the consensus estimate of $143.72 million. Manhattan Associates had a return on equity of 43.99% and a net margin of 14.82%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.40 EPS. On average, research analysts forecast that Manhattan Associates, Inc. will post 1.12 EPS for the current year.

A number of equities analysts recently issued reports on MANH shares. Loop Capital increased their price target on shares of Manhattan Associates from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, April 28th. Benchmark upped their target price on Manhattan Associates from $137.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, May 26th. Truist Securities upped their target price on Manhattan Associates from $136.00 to $165.00 in a report on Wednesday, April 28th. Robert W. Baird upped their target price on Manhattan Associates from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, April 28th. Finally, Rosenblatt Securities upped their target price on Manhattan Associates from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, May 6th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Manhattan Associates currently has a consensus rating of “Buy” and an average target price of $147.00.

Manhattan Associates Company 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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