Nomura Holdings Inc. increased its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 115.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,350 shares of the software maker’s stock after purchasing an additional 8,219 shares during the period. Nomura Holdings Inc.’s holdings in Manhattan Associates were worth $738,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. World Asset Management Inc raised its position in shares of Manhattan Associates by 0.4% during the 2nd quarter. World Asset Management Inc now owns 5,015 shares of the software maker’s stock worth $241,000 after purchasing an additional 19 shares during the last quarter. Alps Advisors Inc. raised its holdings in Manhattan Associates by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 9,559 shares of the software maker’s stock valued at $459,000 after acquiring an additional 25 shares during the last quarter. Stephens Inc. AR raised its holdings in Manhattan Associates by 0.5% in the 2nd quarter. Stephens Inc. AR now owns 6,086 shares of the software maker’s stock valued at $292,000 after acquiring an additional 32 shares during the last quarter. Somerset Trust Co raised its holdings in Manhattan Associates by 0.7% in the 2nd quarter. Somerset Trust Co now owns 5,640 shares of the software maker’s stock valued at $271,000 after acquiring an additional 37 shares during the last quarter. Finally, Advantus Capital Management Inc raised its holdings in Manhattan Associates by 1.9% in the 1st quarter. Advantus Capital Management Inc now owns 9,013 shares of the software maker’s stock valued at $469,000 after acquiring an additional 166 shares during the last quarter.
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Several brokerages have weighed in on MANH. KeyCorp reiterated a “hold” rating on shares of Manhattan Associates in a report on Tuesday, October 17th. BidaskClub cut shares of Manhattan Associates from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 9th. SunTrust Banks, Inc. raised shares of Manhattan Associates from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of Manhattan Associates from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Manhattan Associates presently has a consensus rating of “Hold” and a consensus target price of $65.00.
Shares of Manhattan Associates, Inc. (MANH) traded down 4.66% during mid-day trading on Friday, reaching $43.58. 1,168,410 shares of the company were exchanged. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 25.18 and a beta of 1.12. The firm’s 50-day moving average is $44.71 and its 200-day moving average is $45.55. Manhattan Associates, Inc. has a 12 month low of $40.83 and a 12 month high of $55.74.
Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data on Tuesday, October 24th. The software maker reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. The firm had revenue of $152.88 million for the quarter, compared to the consensus estimate of $150.30 million. Manhattan Associates had a net margin of 20.38% and a return on equity of 74.19%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 earnings per share. On average, equities analysts forecast that Manhattan Associates, Inc. will post $1.87 earnings per share for the current fiscal year.
Manhattan Associates Company Profile
Manhattan Associates, Inc (Manhattan) is a developer and provider of supply chain commerce solutions. The Company operates through three geographical segments: the Americas, Europe, Middle East and Africa (EMEA), and the Asia Pacific (APAC). It is engaged in developing, selling, deploying, servicing and maintaining software solutions designed to manage supply chains, inventory and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers and other organizations.
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