Manhattan Associates, Inc. (MANH) Shares Sold by Intrust Bank NA
Intrust Bank NA decreased its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,991 shares of the software maker’s stock after selling 293 shares during the period. Intrust Bank NA’s holdings in Manhattan Associates were worth $336,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in MANH. BlackRock Inc. increased its stake in Manhattan Associates by 14,241.7% in the first quarter. BlackRock Inc. now owns 5,768,519 shares of the software maker’s stock valued at $300,250,000 after buying an additional 5,728,297 shares in the last quarter. MARSHALL WACE ASIA Ltd bought a new stake in Manhattan Associates during the first quarter valued at $61,060,000. Marshall Wace North America L.P. bought a new stake in Manhattan Associates during the first quarter valued at $61,060,000. JPMorgan Chase & Co. increased its stake in Manhattan Associates by 261.2% in the first quarter. JPMorgan Chase & Co. now owns 1,447,225 shares of the software maker’s stock valued at $75,328,000 after buying an additional 1,046,565 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK increased its stake in Manhattan Associates by 609.5% in the first quarter. Aberdeen Asset Management PLC UK now owns 813,534 shares of the software maker’s stock valued at $42,357,000 after buying an additional 698,873 shares in the last quarter.
Manhattan Associates, Inc. (NASDAQ MANH) opened at 41.31 on Wednesday. The firm has a market capitalization of $2.85 billion, a PE ratio of 23.86 and a beta of 1.15. Manhattan Associates, Inc. has a 1-year low of $40.83 and a 1-year high of $62.14. The company has a 50 day moving average of $44.20 and a 200 day moving average of $47.29.
Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings results on Thursday, July 20th. The software maker reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.02. Manhattan Associates had a return on equity of 75.58% and a net margin of 20.55%. The company had revenue of $154.10 million during the quarter, compared to analysts’ expectations of $153.80 million. During the same quarter in the prior year, the business posted $0.49 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. Analysts forecast that Manhattan Associates, Inc. will post $1.87 EPS for the current year.
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MANH has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. SunTrust Banks, Inc. initiated coverage on shares of Manhattan Associates in a research note on Monday, June 26th. They set a “hold” rating and a $45.00 price objective for the company. Finally, BidaskClub cut shares of Manhattan Associates from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $59.50.
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.
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