Manhattan Associates, Inc. (MANH) Shares Sold by Ramsey Quantitative Systems

Ramsey Quantitative Systems reduced its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 34.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,662 shares of the software maker’s stock after selling 3,477 shares during the period. Ramsey Quantitative Systems’ holdings in Manhattan Associates were worth $320,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. World Asset Management Inc grew its holdings in shares of Manhattan Associates by 0.4% during the 2nd quarter. World Asset Management Inc now owns 5,015 shares of the software maker’s stock valued at $241,000 after acquiring an additional 19 shares in the last quarter. Alps Advisors Inc. grew its holdings in shares of Manhattan Associates by 0.3% during 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 in the last quarter. Stephens Inc. AR grew its holdings in shares of Manhattan Associates by 0.5% during 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 in the last quarter. Somerset Trust Co grew its holdings in shares of Manhattan Associates by 0.7% during 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 in the last quarter. Finally, Advantus Capital Management Inc grew its holdings in shares of Manhattan Associates by 1.9% during the 1st quarter. Advantus Capital Management Inc now owns 9,013 shares of the software maker’s stock valued at $469,000 after acquiring an additional 166 shares in the last quarter.

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Several equities analysts have recently commented on MANH shares. SunTrust Banks, Inc. started coverage on shares of Manhattan Associates in a report on Monday, June 26th. They set a “hold” rating and a $45.00 price target on the stock. Zacks Investment Research upgraded shares of Manhattan Associates from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Finally, BidaskClub cut shares of Manhattan Associates from a “hold” rating to a “sell” rating in a report on Friday, June 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $59.50.

Shares of Manhattan Associates, Inc. (NASDAQ MANH) opened at 44.38 on Monday. The company has a 50 day moving average of $42.67 and a 200 day moving average of $46.39. Manhattan Associates, Inc. has a 1-year low of $40.83 and a 1-year high of $59.60. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 25.64 and a beta of 1.16.

Manhattan Associates (NASDAQ:MANH) last released its earnings results on Thursday, July 20th. The software maker reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $154.10 million during the quarter, compared to the consensus estimate of $153.80 million. Manhattan Associates had a net margin of 20.55% and a return on equity of 75.58%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 earnings per share. On average, equities analysts forecast that Manhattan Associates, Inc. will post $1.87 earnings per share for the current fiscal year.

About Manhattan Associates

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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