Kornitzer Capital Management Inc. KS reduced its stake in Manhattan Associates (NASDAQ:MANH) by 39.2% in the first quarter, selling 15,000 shares and now holding 23,260 shares valued at approximately $3.1 million. Despite this decrease, institutional ownership of Manhattan Associates remains high at 98.45%, with other firms like Goldman Sachs and MIRAE ASSET increasing their positions. The company reported strong financial results, beating EPS and revenue estimates, and analysts maintain a "Moderate Buy" rating with a consensus price target of $199.45.

Manhattan Associates, Inc. (NASDAQ:MANH) has received a "Moderate Buy" consensus rating from 12 analysts, with an average 1-year price target of $199.45. The company recently exceeded earnings and revenue expectations, reporting $1.24 EPS against $1.10 expected, and revenue of $282.21 million, indicating a 7.4% year-over-year increase. Despite insider selling activity, institutional ownership remains exceptionally high at 98.45%.

Wall Street Zen upgraded Qorvo (NASDAQ:QRVO) from "hold" to "buy," though the consensus analyst rating remains "hold" with a $97.07 price target. Despite a 7% year-over-year sales drop, Qorvo's recent quarterly earnings beat expectations, posting $1.69 EPS against a $1.21 consensus. Shares traded below their 50-day average, and notable insider selling, including a substantial sale by the CEO, has occurred recently.

SEI (NASDAQ: SEIC) has appointed Matt Provencher as global head of enterprise professional services, a new role designed to scale its professional services capabilities globally. Provencher will report to Sanjay Sharma, CEO of SEI International, and will be responsible for building a scalable delivery model for SEI’s platforms and services, including areas like the SEI Data Cloud, AI, and cybersecurity. This appointment signifies SEI's strategic move to become a full-stack transformation partner, aligning with a broader industry trend where platform vendors are enhancing professional services to offer comprehensive solutions to clients.

Y Intercept Hong Kong Ltd recently acquired a new stake of 22,524 shares in SolarEdge Technologies, valued at approximately $1.15 million, during the first quarter. Despite this investment, analyst sentiment toward SolarEdge remains cautious, with an average "Reduce" rating and a consensus target price of $36.94. The company's Q1 results showed a miss on EPS but a beat on revenue, while an insider transaction revealed Chairman More Avery sold a portion of his shares.

Kornitzer Capital Management Inc. KS recently acquired a new stake of 42,985 shares in Silicon Motion Technology Corporation ($SIMO), valued at approximately $4.8 million. This purchase highlights continued institutional interest in the semiconductor producer, which has 78.02% of its stock owned by hedge funds and other institutions. Analysts generally maintain a "Buy" rating for SIMO, with a consensus price target of $246.43, despite some recent insider selling activity.

Vantage Investment Partners LLC significantly increased its stake in Taiwan Semiconductor Manufacturing Company Ltd. (TSM) by 138.5% in the first quarter, purchasing an additional 74,198 shares. This brings their total holdings to 127,778 shares, valued at approximately $43.2 million. Other institutional investors have also increased their positions, contributing to a total institutional ownership of 16.51% of TSM stock.

International Assets Investment Management LLC has reduced its stake in Verizon Communications Inc. by selling 39,969 shares in the first quarter, bringing its total holdings to 91,678 shares valued at $4.53 million. Despite this, other institutional investors like Norges Bank and Bank of New York Mellon Corp increased their positions. Analyst ratings for Verizon are mixed, with a consensus "Hold" rating and an average price target of $50.28, while the company recently announced a quarterly dividend of $0.7075 per share.

AT&T (NYSE:T) recorded a 4.0% total return for the week due to its dividend payout, despite its share price only climbing 2.7%. The company faces challenges with upcoming price hikes on legacy Unlimited Your Way plans and a proposed $184.1 million pension settlement, alongside competition from Starlink. Analyst ratings on AT&T are mixed, with price targets ranging from $18 to $36, suggesting significant uncertainty ahead of its Q2 earnings release on July 22.

International Assets Investment Management LLC increased its stake in International Business Machines Corporation by 32.2% during the first quarter, adding 3,641 shares to own a total of 14,947 shares valued at $3,634,000. Other institutional investors also adjusted their positions in IBM. The article also provides details on IBM's recent stock performance, financial metrics, increased dividend, and analyst ratings, alongside key news impacting the company, particularly its advancements in quantum computing and AI.