Sterling Capital Management LLC grew its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 69.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 62,384 shares of the software maker’s stock after acquiring an additional 25,659 shares during the period. Sterling Capital Management LLC owned about 0.09% of Manhattan Associates worth $2,593,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Atlanta Capital Management Co. L L C grew its holdings in shares of Manhattan Associates by 2.9% during the 3rd quarter. Atlanta Capital Management Co. L L C now owns 7,912,766 shares of the software maker’s stock worth $328,933,000 after acquiring an additional 222,359 shares during the period. BlackRock Inc. grew its holdings in shares of Manhattan Associates by 0.9% during the 2nd quarter. BlackRock Inc. now owns 5,817,834 shares of the software maker’s stock worth $279,604,000 after acquiring an additional 49,315 shares during the period. Neuberger Berman Group LLC grew its holdings in shares of Manhattan Associates by 0.7% during the 2nd quarter. Neuberger Berman Group LLC now owns 4,540,884 shares of the software maker’s stock worth $218,235,000 after acquiring an additional 30,624 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Manhattan Associates by 32.9% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,482,575 shares of the software maker’s stock worth $103,201,000 after acquiring an additional 614,105 shares during the period. Finally, State Street Corp grew its holdings in shares of Manhattan Associates by 0.3% during the 2nd quarter. State Street Corp now owns 1,867,895 shares of the software maker’s stock worth $89,771,000 after acquiring an additional 5,533 shares during the period.

Shares of Manhattan Associates, Inc. (MANH) opened at $46.30 on Friday. The firm has a market capitalization of $3,191.60, a P/E ratio of 26.16 and a beta of 1.15. Manhattan Associates, Inc. has a 52 week low of $40.75 and a 52 week high of $55.74.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Tuesday, October 24th. The software maker reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.02. The company had revenue of $152.88 million for the quarter, compared to the consensus estimate of $150.30 million. Manhattan Associates had a return on equity of 74.19% and a net margin of 20.38%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.50 EPS. analysts forecast that Manhattan Associates, Inc. will post 1.75 earnings per share for the current year.

MANH has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Manhattan Associates from a “sell” rating to a “hold” rating in a report on Saturday, November 18th. SunTrust Banks upgraded Manhattan Associates from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Tuesday, October 3rd. They noted that the move was a valuation call. BidaskClub upgraded Manhattan Associates from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 12th. Finally, KeyCorp reiterated a “hold” rating on shares of Manhattan Associates in a report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $65.00.

In related news, CEO Eddie Capel sold 23,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $42.04, for a total value of $966,920.00. Following the sale, the chief executive officer now owns 180,057 shares in the company, valued at approximately $7,569,596.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.01% of the company’s stock.

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

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