SG Americas Securities LLC lessened its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 13.9% in the 1st quarter, HoldingsChannel reports. The fund owned 9,010 shares of the software maker’s stock after selling 1,457 shares during the period. SG Americas Securities LLC’s holdings in Manhattan Associates were worth $497,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the stock. Morgan Stanley lifted its stake in Manhattan Associates by 95.1% during the third quarter. Morgan Stanley now owns 182,441 shares of the software maker’s stock worth $9,961,000 after purchasing an additional 88,940 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Manhattan Associates by 10.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,472 shares of the software maker’s stock worth $189,000 after purchasing an additional 417 shares in the last quarter. Congress Asset Management Co. MA lifted its stake in Manhattan Associates by 3.6% during the fourth quarter. Congress Asset Management Co. MA now owns 76,160 shares of the software maker’s stock worth $3,227,000 after purchasing an additional 2,640 shares in the last quarter. Quantamental Technologies LLC acquired a new position in Manhattan Associates during the fourth quarter worth $57,000. Finally, Arizona State Retirement System lifted its stake in Manhattan Associates by 0.5% during the fourth quarter. Arizona State Retirement System now owns 46,924 shares of the software maker’s stock worth $1,988,000 after purchasing an additional 231 shares in the last quarter.
A number of research firms have commented on MANH. Zacks Investment Research cut Manhattan Associates from a “buy” rating to a “sell” rating in a research note on Saturday, April 27th. SunTrust Banks upgraded Manhattan Associates from a “hold” rating to a “buy” rating and set a $59.02 price target on the stock in a research note on Monday, April 22nd. TheStreet upgraded Manhattan Associates from a “c+” rating to a “b-” rating in a research note on Friday, March 1st. BidaskClub upgraded Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. Finally, ValuEngine cut Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Thursday, February 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Manhattan Associates has a consensus rating of “Buy” and an average price target of $64.67.
Shares of NASDAQ MANH traded up $0.24 during mid-day trading on Friday, hitting $65.97. The company had a trading volume of 45,922 shares, compared to its average volume of 443,198. The stock has a market cap of $4.26 billion, a P/E ratio of 41.75 and a beta of 1.57. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.25. Manhattan Associates, Inc. has a 1-year low of $39.01 and a 1-year high of $68.96.
Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data on Tuesday, April 23rd. The software maker reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). The company had revenue of $148.40 million during the quarter, compared to analyst estimates of $137.55 million. Manhattan Associates had a net margin of 17.85% and a return on equity of 73.80%. The firm’s revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.37 earnings per share. On average, equities analysts forecast that Manhattan Associates, Inc. will post 1.09 EPS for the current fiscal year.
In other news, Director John J. Huntz, Jr. sold 2,106 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $53.76, for a total value of $113,218.56. Following the sale, the director now directly owns 70,530 shares in the company, valued at $3,791,692.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Bruce Richards sold 5,454 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $55.21, for a total value of $301,115.34. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,310 shares of company stock worth $562,834. Insiders own 0.68% of the company’s stock.
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Manhattan Associates 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 offers Manhattan SCALE, a portfolio of logistics execution solutions that provide trading partner management, yard management, optimization, warehouse management, and transportation execution services; and Manhattan Active, a set of enterprise and store omni-channel solutions.
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