GAM Holding AG purchased a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,297 shares of the software maker’s stock, valued at approximately $249,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Transamerica Financial Advisors Inc. acquired a new stake in shares of Manhattan Associates during the second quarter worth about $111,000. Hartford Investment Management Co. acquired a new stake in shares of Manhattan Associates during the second quarter worth about $245,000. Ffcm LLC increased its position in shares of Manhattan Associates by 3,372.8% during the first quarter. Ffcm LLC now owns 6,251 shares of the software maker’s stock worth $262,000 after purchasing an additional 6,071 shares in the last quarter. Barings LLC acquired a new stake in shares of Manhattan Associates during the second quarter worth about $291,000. Finally, M&T Bank Corp increased its position in shares of Manhattan Associates by 48.9% during the first quarter. M&T Bank Corp now owns 7,867 shares of the software maker’s stock worth $329,000 after purchasing an additional 2,582 shares in the last quarter.

MANH has been the topic of a number of research analyst reports. TheStreet upgraded Manhattan Associates from a “c+” rating to a “b-” rating in a research report on Friday, July 6th. ValuEngine upgraded Manhattan Associates from a “hold” rating to a “buy” rating in a research report on Tuesday, July 24th. BidaskClub cut Manhattan Associates from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 1st. Benchmark upgraded Manhattan Associates from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Friday, June 15th. Finally, Zacks Investment Research cut Manhattan Associates from a “hold” rating to a “sell” rating in a research report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Manhattan Associates has an average rating of “Buy” and an average price target of $60.00.

In related news, Director Edmond Eger sold 2,820 shares of the business’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $52.59, for a total value of $148,303.80. Following the transaction, the director now owns 9,376 shares in the company, valued at approximately $493,083.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Bruce Richards sold 7,740 shares of the business’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $49.84, for a total value of $385,761.60. Following the completion of the transaction, the vice president now owns 20,820 shares in the company, valued at approximately $1,037,668.80. The disclosure for this sale can be found here. Insiders sold a total of 12,560 shares of company stock worth $646,905 in the last 90 days. 0.99% of the stock is currently owned by insiders.

MANH opened at $58.00 on Friday. Manhattan Associates, Inc. has a one year low of $39.10 and a one year high of $58.64. The stock has a market cap of $3.78 billion, a PE ratio of 35.49 and a beta of 1.26.

Manhattan Associates (NASDAQ:MANH) last posted its earnings results on Tuesday, July 24th. The software maker reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.06. The business had revenue of $141.90 million for the quarter, compared to analysts’ expectations of $140.42 million. Manhattan Associates had a return on equity of 68.14% and a net margin of 18.87%. The business’s revenue was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 earnings per share. research analysts forecast that Manhattan Associates, Inc. will post 1.36 EPS for the current fiscal year.

Manhattan Associates Company 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 provides supply chain solutions, including distribution management, transportation management, and visibility solutions; omni-channel solutions; and inventory optimization and planning solutions.

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Institutional Ownership by Quarter for Manhattan Associates (NASDAQ:MANH)

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