American Century Companies Inc. Takes $465,000 Position in Manhattan Associates, Inc. (MANH)
American Century Companies Inc. purchased a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 11,189 shares of the software maker’s stock, valued at approximately $465,000.
A number of other hedge funds also recently made changes to their positions in MANH. Bronfman E.L. Rothschild L.P. increased its stake in shares of Manhattan Associates by 41.1% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,493 shares of the software maker’s stock valued at $120,000 after buying an additional 726 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Manhattan Associates by 11.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,554 shares of the software maker’s stock valued at $123,000 after purchasing an additional 271 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of Manhattan Associates during the 3rd quarter valued at about $168,000. Riverhead Capital Management LLC lifted its holdings in shares of Manhattan Associates by 79.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,760 shares of the software maker’s stock valued at $181,000 after purchasing an additional 1,660 shares in the last quarter. Finally, TrimTabs Asset Management LLC lifted its stake in Manhattan Associates by 105.3% in the 2nd quarter. TrimTabs Asset Management LLC now owns 3,761 shares of the software maker’s stock valued at $181,000 after acquiring an additional 1,929 shares in the last quarter.
A number of research analysts have commented on the company. Zacks Investment Research lowered Manhattan Associates from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. SunTrust Banks raised Manhattan Associates from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Tuesday, October 3rd. They noted that the move was a valuation call. KeyCorp reaffirmed a “hold” rating on shares of Manhattan Associates in a report on Tuesday, October 17th. Finally, BidaskClub cut Manhattan Associates from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Manhattan Associates presently has an average rating of “Hold” and an average target price of $65.00.
In other news, CEO Eddie Capel sold 23,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $42.04, for a total transaction of $966,920.00. Following the sale, the chief executive officer now directly owns 180,057 shares of the company’s stock, valued at $7,569,596.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.01% of the stock is owned by insiders.
Manhattan Associates, Inc. (NASDAQ MANH) opened at $44.35 on Friday. The company has a market capitalization of $3,033.75, a PE ratio of 24.86 and a beta of 1.15. Manhattan Associates, Inc. has a 12-month low of $40.75 and a 12-month high of $55.74.
Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings results on Tuesday, October 24th. The software maker reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.02. The company had revenue of $152.88 million during the quarter, compared to analyst estimates of $150.30 million. Manhattan Associates had a return on equity of 74.19% and a net margin of 20.38%. The firm’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the business posted $0.50 earnings per share. analysts expect that Manhattan Associates, Inc. will post 1.75 earnings per share for the current fiscal year.
Manhattan Associates 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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