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Fjarde AP Fonden Fourth Swedish National Pension Fund purchased 20,000 shares of Manhattan Associates, Inc. in the third quarter, valued at approximately $3,953,000. Other institutional investors have recently modified their holdings of MANH, with UMB Bank n.a. increasing its position by 474.4% during the 3rd quarter. Eagle Bay Advisors LLC bought a new position in Manhattan Associates during the 2nd quarter worth $36,000.

Wall Street analysts issued a “buy” rating for Manhattan Associates with a consensus price target of $211.33. According to data from MarketBeat.com, Manhattan Associates currently has a consensus rating of “Moderate Buy” and a consensus price target.

Shares of Manhattan Associates stock opened at $204.44 on Thursday. The company reported a 50-day moving average price of $216.04 and a two-hundred day moving average price of $202.86. The company has a market cap of $12.59 billion, a P/E ratio of 77.44 and a beta of 1.47.

Manhattan Associates last reported an EPS of $0.79 for the quarter, beating the consensus estimate of $0.53 by $0.26. The company had revenue of $238.44 million during the quarter, compared to the consensus estimate of $226.33 million. Manhattan Associates had a return on equity of 84.06% and a net margin of 18.65%. Equities research analysts forecast that Manhattan Associates, Inc. will post 2.56 EPS for the current fiscal year.

In recent insider activity, EVP James Stewart Gantt sold 3,042 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $215.50, for a total value of $655,551.00. Also, Director Thomas E. Noonan sold 2,515 shares of Manhattan Associates stock in a transaction dated Monday, December 11th, with a disclosed sale price of $222.13. 0.85% of the stock is currently owned by company insiders.

Manhattan Associates develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Manhattan SCALE and Manhattan Active, a set of enterprise and omnichannel solutions for store.



Read more: Fjarde AP Fonden Fourth Swedish National Pension Fund Takes Position in Manhattan Associates, Inc. (NASDAQ:MANH)