WCM Investment Management CA Takes Position in Manhattan Associates, Inc. (MANH)

WCM Investment Management CA acquired a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,870 shares of the software maker’s stock, valued at approximately $535,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Manhattan Associates by 41.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,493 shares of the software maker’s stock worth $120,000 after buying an additional 726 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Manhattan Associates by 11.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,554 shares of the software maker’s stock worth $123,000 after buying an additional 271 shares during the period. Riverhead Capital Management LLC boosted its holdings in shares of Manhattan Associates by 79.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,760 shares of the software maker’s stock worth $181,000 after buying an additional 1,660 shares during the period. TrimTabs Asset Management LLC boosted its holdings in shares of Manhattan Associates by 105.3% during the 2nd quarter. TrimTabs Asset Management LLC now owns 3,761 shares of the software maker’s stock worth $181,000 after buying an additional 1,929 shares during the period. Finally, Lloyds Banking Group plc boosted its holdings in shares of Manhattan Associates by 62.0% during the 2nd quarter. Lloyds Banking Group plc now owns 3,934 shares of the software maker’s stock worth $189,000 after buying an additional 1,505 shares during the period.

Several analysts recently issued reports on the stock. KeyCorp reaffirmed a “hold” rating on shares of Manhattan Associates in a report on Tuesday, October 17th. 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 objective for the company in a report on Tuesday, October 3rd. They noted that the move was a valuation call. 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 investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Manhattan Associates has a consensus rating of “Hold” and an average target price of $65.00.

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In other Manhattan Associates news, CEO Eddie Capel sold 23,000 shares of the stock in a transaction on 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 directly owns 180,057 shares of the company’s stock, valued at approximately $7,569,596.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.01% of the stock is owned by corporate insiders.

Shares of Manhattan Associates, Inc. (NASDAQ:MANH) traded up $0.11 during trading on Wednesday, reaching $41.57. 423,100 shares of the company’s stock were exchanged, compared to its average volume of 691,187. Manhattan Associates, Inc. has a 12-month low of $40.75 and a 12-month high of $55.74. The company has a market cap of $2,857.97, a P/E ratio of 23.42 and a beta of 1.15.

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

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

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