Engineers Gate Manager LP lifted its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 19.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,373 shares of the software maker’s stock after purchasing an additional 6,342 shares during the quarter. Engineers Gate Manager LP owned 0.06% of Manhattan Associates worth $1,637,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of Manhattan Associates by 22.6% during the second quarter. JPMorgan Chase & Co. now owns 1,774,595 shares of the software maker’s stock worth $85,288,000 after purchasing an additional 327,370 shares in the last quarter. Royce & Associates LP bought a new position in shares of Manhattan Associates during the second quarter worth $721,000. BNP Paribas Arbitrage SA boosted its position in shares of Manhattan Associates by 93.0% during the second quarter. BNP Paribas Arbitrage SA now owns 30,057 shares of the software maker’s stock worth $1,445,000 after purchasing an additional 14,482 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Manhattan Associates by 219.8% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,868,470 shares of the software maker’s stock worth $89,799,000 after purchasing an additional 1,284,125 shares in the last quarter. Finally, Shell Asset Management Co. boosted its position in shares of Manhattan Associates by 747.1% during the third quarter. Shell Asset Management Co. now owns 115,635 shares of the software maker’s stock worth $3,865,000 after purchasing an additional 101,985 shares in the last quarter.
MANH has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Manhattan Associates from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. SunTrust Banks raised shares of Manhattan Associates from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Tuesday, October 3rd. They noted that the move was a valuation call. Finally, KeyCorp reissued a “hold” rating on shares of Manhattan Associates in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $65.00.
Shares of Manhattan Associates, Inc. (MANH) opened at $45.01 on Monday. The company has a market cap of $3,102.67, a price-to-earnings ratio of 25.43 and a beta of 1.15. Manhattan Associates, Inc. has a 52-week low of $40.75 and a 52-week high of $55.74.
Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Tuesday, October 24th. The software maker reported $0.51 EPS for the quarter, beating the consensus estimate of $0.49 by $0.02. The business had revenue of $152.88 million for the quarter, compared to analysts’ expectations 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 was up .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.50 EPS. equities analysts predict that Manhattan Associates, Inc. will post 1.75 EPS 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.
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