Atlanta Capital Management Co. L L C raised its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 2.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,912,766 shares of the software maker’s stock after purchasing an additional 222,359 shares during the period. Manhattan Associates makes up approximately 1.9% of Atlanta Capital Management Co. L L C’s holdings, making the stock its 15th biggest position. Atlanta Capital Management Co. L L C owned 11.48% of Manhattan Associates worth $328,933,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of MANH. Bronfman E.L. Rothschild L.P. boosted its holdings in Manhattan Associates by 41.1% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,493 shares of the software maker’s stock valued at $120,000 after purchasing an additional 726 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Manhattan Associates by 11.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,554 shares of the software maker’s stock valued at $123,000 after purchasing an additional 271 shares during the period. Victory Capital Management Inc. bought a new stake in Manhattan Associates in the 3rd quarter valued at $168,000. Riverhead Capital Management LLC boosted its holdings in Manhattan Associates by 79.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,760 shares of the software maker’s stock valued at $181,000 after purchasing an additional 1,660 shares during the period. Finally, TrimTabs Asset Management LLC boosted its holdings in Manhattan Associates by 105.3% in the 2nd quarter. TrimTabs Asset Management LLC now owns 3,761 shares of the software maker’s stock valued at $181,000 after purchasing an additional 1,929 shares during the period.
A number of research firms have recently commented on MANH. BidaskClub raised shares of Manhattan Associates from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 12th. KeyCorp reaffirmed a “hold” rating on shares of Manhattan Associates in a report on Tuesday, October 17th. SunTrust Banks 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 assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $65.00.
Manhattan Associates, Inc. (NASDAQ:MANH) opened at $46.30 on Friday. The company has a market cap of $3,191.60, a PE ratio of 26.16 and a beta of 1.15. Manhattan Associates, Inc. has a 1-year low of $40.75 and a 1-year high of $55.74.
Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings data on Tuesday, October 24th. The software maker reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. The company had revenue of $152.88 million during the quarter, compared to the consensus estimate of $150.30 million. Manhattan Associates had a net margin of 20.38% and a return on equity of 74.19%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the firm earned $0.50 EPS. equities analysts predict that Manhattan Associates, Inc. will post 1.75 EPS for the current year.
In related news, CEO Eddie Capel sold 23,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $42.04, for a total transaction of $966,920.00. Following the completion of the sale, the chief executive officer now owns 180,057 shares in the company, valued at approximately $7,569,596.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.01% of the company’s stock.
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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