Fox Run Management L.L.C. Sells 4,411 Shares of Manhattan Associates, Inc. (MANH)

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Fox Run Management L.L.C. cut its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 46.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,032 shares of the software maker’s stock after selling 4,411 shares during the quarter. Fox Run Management L.L.C.’s holdings in Manhattan Associates were worth $275,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MANH. Herald Investment Management Ltd purchased a new stake in shares of Manhattan Associates in the second quarter valued at about $2,138,000. HPM Partners LLC purchased a new stake in shares of Manhattan Associates in the second quarter valued at about $533,000. Jafra Capital Management LP purchased a new stake in shares of Manhattan Associates in the second quarter valued at about $1,410,000. Millennium Management LLC boosted its holdings in shares of Manhattan Associates by 142.5% in the second quarter. Millennium Management LLC now owns 17,485 shares of the software maker’s stock valued at $822,000 after acquiring an additional 10,274 shares in the last quarter. Finally, Zebra Capital Management LLC purchased a new stake in shares of Manhattan Associates in the second quarter valued at about $444,000.

Several analysts have recently weighed in on the stock. BidaskClub downgraded shares of Manhattan Associates from a “hold” rating to a “sell” rating in a report on Tuesday. SunTrust Banks downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th. They noted that the move was a valuation call. Benchmark reaffirmed a “buy” rating and issued a $65.00 target price (up previously from $55.00) on shares of Manhattan Associates in a report on Friday, September 14th. Zacks Investment Research downgraded shares of Manhattan Associates from a “hold” rating to a “sell” rating in a report on Friday, July 27th. Finally, ValuEngine raised shares of Manhattan Associates from a “hold” rating to a “buy” rating in a report on Tuesday, July 24th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Manhattan Associates presently has an average rating of “Hold” and an average target price of $65.00.

In related news, VP Bruce Richards sold 7,740 shares of the business’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $49.84, for a total transaction of $385,761.60. Following the sale, the vice president now owns 20,820 shares of the company’s stock, valued at $1,037,668.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John J. Huntz, Jr. sold 2,000 shares of the business’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $56.42, for a total transaction of $112,840.00. Following the sale, the director now directly owns 72,636 shares in the company, valued at approximately $4,098,123.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,560 shares of company stock worth $646,905. 0.99% of the stock is owned by insiders.

Shares of NASDAQ:MANH opened at $47.79 on Friday. The stock has a market capitalization of $3.59 billion, a PE ratio of 27.73 and a beta of 1.25. Manhattan Associates, Inc. has a fifty-two week low of $39.10 and a fifty-two week high of $62.39.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings data on Tuesday, July 24th. The software maker reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. The firm had revenue of $141.90 million for the quarter, compared to the consensus estimate of $140.42 million. Manhattan Associates had a net margin of 18.87% and a return on equity of 68.14%. The firm’s revenue was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.50 earnings per share. As a group, sell-side analysts expect that Manhattan Associates, Inc. will post 1.36 EPS for the current year.

About Manhattan Associates

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 provides supply chain solutions, including distribution management, transportation management, and visibility solutions; omni-channel solutions; and inventory optimization and planning solutions.

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

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