Employees Retirement System of Texas cut its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 56.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,800 shares of the software maker’s stock after selling 33,000 shares during the period. Employees Retirement System of Texas’ holdings in Manhattan Associates were worth $1,240,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of Manhattan Associates by 22.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,774,595 shares of the software maker’s stock valued at $85,288,000 after purchasing an additional 327,370 shares during the last quarter. Royce & Associates LP purchased a new stake in shares of Manhattan Associates in the 2nd quarter valued at approximately $721,000. BlackRock Inc. increased its position in shares of Manhattan Associates by 14,241.7% in the 1st quarter. BlackRock Inc. now owns 5,768,519 shares of the software maker’s stock valued at $300,250,000 after purchasing an additional 5,728,297 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Manhattan Associates by 93.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 30,057 shares of the software maker’s stock valued at $1,445,000 after purchasing an additional 14,482 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Manhattan Associates by 219.8% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,868,470 shares of the software maker’s stock valued at $89,799,000 after purchasing an additional 1,284,125 shares during the last quarter.

Manhattan Associates, Inc. (NASDAQ:MANH) opened at 46.06 on Friday. The company has a 50 day moving average of $43.57 and a 200-day moving average of $45.71. Manhattan Associates, Inc. has a 52-week low of $40.83 and a 52-week high of $59.60. The stock has a market capitalization of $3.17 billion, a P/E ratio of 26.61 and a beta of 1.12.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Thursday, July 20th. The software maker reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.02. The firm had revenue of $154.10 million during the quarter, compared to analyst estimates of $153.80 million. Manhattan Associates had a return on equity of 75.58% and a net margin of 20.55%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the company earned $0.49 earnings per share. Equities research analysts anticipate that Manhattan Associates, Inc. will post $1.87 EPS for the current year.

A number of equities research analysts have commented on MANH shares. SunTrust Banks, Inc. started coverage on shares of Manhattan Associates in a research report on Monday, June 26th. They issued a “hold” rating and a $45.00 price objective on the stock. BidaskClub downgraded shares of Manhattan Associates from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research raised shares of Manhattan Associates from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $65.00.

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Manhattan Associates Company 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.

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

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