Principal Financial Group Inc. Has $28.41 Million Position in Manhattan Associates, Inc. (NASDAQ:MANH)

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Principal Financial Group Inc. lessened its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 0.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 515,486 shares of the software maker’s stock after selling 1,779 shares during the quarter. Principal Financial Group Inc.’s holdings in Manhattan Associates were worth $28,408,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund increased its stake in shares of Manhattan Associates by 4,137.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,120,220 shares of the software maker’s stock valued at $26,000 after purchasing an additional 1,093,781 shares during the last quarter. Pearl River Capital LLC bought a new position in shares of Manhattan Associates in the 4th quarter valued at $40,000. Captrust Financial Advisors increased its stake in shares of Manhattan Associates by 83.0% in the 4th quarter. Captrust Financial Advisors now owns 1,041 shares of the software maker’s stock valued at $44,000 after purchasing an additional 472 shares during the last quarter. Manchester Capital Management LLC bought a new stake in Manhattan Associates during the 1st quarter worth $60,000. Finally, Rockefeller Capital Management L.P. bought a new stake in Manhattan Associates during the 1st quarter worth $67,000.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research lowered Manhattan Associates from a “buy” rating to a “sell” rating in a research report on Saturday, April 27th. SunTrust Banks upgraded Manhattan Associates from a “hold” rating to a “buy” rating and set a $59.02 price objective on the stock in a research report on Monday, April 22nd. Finally, TheStreet upgraded Manhattan Associates from a “c+” rating to a “b-” rating in a research report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Manhattan Associates presently has an average rating of “Buy” and a consensus price target of $64.67.

Shares of MANH stock opened at $68.51 on Friday. The firm has a market cap of $4.46 billion, a P/E ratio of 43.36 and a beta of 1.50. Manhattan Associates, Inc. has a twelve month low of $39.01 and a twelve month high of $70.43. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.40 and a current ratio of 1.40.

Manhattan Associates (NASDAQ:MANH) last announced 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 return on equity of 73.80% and a net margin of 17.85%. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 earnings per share. Equities research analysts expect that Manhattan Associates, Inc. will post 1.09 EPS for the current fiscal 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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Institutional Ownership by Quarter for Manhattan Associates (NASDAQ:MANH)

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