Manhattan Associates, Inc. (MANH) Shares Bought by First Quadrant L P CA
First Quadrant L P CA grew its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 27.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,770 shares of the software maker’s stock after purchasing an additional 3,570 shares during the period. First Quadrant L P CA’s holdings in Manhattan Associates were worth $697,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. World Asset Management Inc grew its position in shares of Manhattan Associates by 0.4% during the second quarter. World Asset Management Inc now owns 5,015 shares of the software maker’s stock valued at $241,000 after purchasing an additional 19 shares in the last quarter. Alps Advisors Inc. lifted its holdings in shares of Manhattan Associates by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 9,559 shares of the software maker’s stock valued at $459,000 after acquiring an additional 25 shares during the last quarter. Stephens Inc. AR lifted its holdings in shares of Manhattan Associates by 0.5% in the 2nd quarter. Stephens Inc. AR now owns 6,086 shares of the software maker’s stock valued at $292,000 after acquiring an additional 32 shares during the last quarter. Somerset Trust Co lifted its holdings in shares of Manhattan Associates by 0.7% in the 2nd quarter. Somerset Trust Co now owns 5,640 shares of the software maker’s stock valued at $271,000 after acquiring an additional 37 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Manhattan Associates by 11.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,554 shares of the software maker’s stock valued at $123,000 after acquiring an additional 271 shares during the last quarter.
In other Manhattan Associates news, CEO Eddie Capel sold 23,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $42.04, for a total value of $966,920.00. Following the completion of the sale, the chief executive officer now owns 180,057 shares of the company’s stock, valued at $7,569,596.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.01% of the stock is owned by company insiders.
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MANH has been the subject of a number of analyst reports. BidaskClub downgraded shares of Manhattan Associates from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. SunTrust Banks, Inc. raised shares of Manhattan Associates from a “hold” rating to a “buy” rating and set a $55.00 price target for the company 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, Zacks Investment Research downgraded shares of Manhattan Associates from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $65.00.
Shares of Manhattan Associates, Inc. (MANH) opened at $41.38 on Friday. The company has a market capitalization of $2,852.45, a PE ratio of 23.38 and a beta of 1.15.
Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data on Tuesday, October 24th. The software maker reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.02. The business had revenue of $152.88 million during the quarter, compared to the consensus estimate of $150.30 million. Manhattan Associates had a net margin of 20.38% and a return on equity of 74.19%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 earnings per share. equities research analysts predict that Manhattan Associates, Inc. will post 1.75 EPS for the current 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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