2,056 Shares in Manhattan Associates, Inc. (NASDAQ:MANH) Purchased by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division purchased a new position in Manhattan Associates, Inc. (NASDAQ:MANH) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,056 shares of the software maker’s stock, valued at approximately $509,000.

A number of other large investors also recently bought and sold shares of MANH. Blue Trust Inc. raised its holdings in Manhattan Associates by 259.4% in the 4th quarter. Blue Trust Inc. now owns 115 shares of the software maker’s stock worth $25,000 after purchasing an additional 83 shares during the period. Tobam acquired a new position in Manhattan Associates in the 1st quarter worth about $25,000. Bear Mountain Capital Inc. acquired a new position in Manhattan Associates in the 4th quarter worth about $26,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Manhattan Associates in the 4th quarter worth about $26,000. Finally, Benjamin Edwards Inc. acquired a new position in Manhattan Associates in the 1st quarter worth about $27,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Manhattan Associates Trading Up 0.4 %

Manhattan Associates stock traded up $0.98 during mid-day trading on Wednesday, hitting $243.15. The company’s stock had a trading volume of 15,204 shares, compared to its average volume of 398,355. The firm has a market capitalization of $14.97 billion, a PE ratio of 79.14 and a beta of 1.50. Manhattan Associates, Inc. has a 1 year low of $182.97 and a 1 year high of $266.94. The stock’s fifty day moving average is $228.15 and its two-hundred day moving average is $232.41.

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Citigroup upped their price target on Manhattan Associates from $220.00 to $257.00 and gave the stock a “neutral” rating in a report on Friday, June 28th. Rosenblatt Securities reiterated a “neutral” rating and set a $225.00 price objective on shares of Manhattan Associates in a research note on Wednesday, April 24th. StockNews.com lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Monday, May 27th. DA Davidson boosted their price objective on Manhattan Associates from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Finally, William Blair reiterated a “market perform” rating on shares of Manhattan Associates in a research note on Wednesday, April 24th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $245.13.

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.