Manhattan Associates, Inc. (MANH) Shares Sold by Rhumbline Advisers
Rhumbline Advisers lowered its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 3.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 150,455 shares of the software maker’s stock after selling 5,635 shares during the period. Rhumbline Advisers owned approximately 0.22% of Manhattan Associates worth $7,231,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wedge Capital Management L L P NC purchased a new position in Manhattan Associates during the second quarter worth $474,000. Schwab Charles Investment Management Inc. increased its position in Manhattan Associates by 5.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 334,620 shares of the software maker’s stock worth $16,082,000 after buying an additional 17,931 shares during the period. Sei Investments Co. increased its position in Manhattan Associates by 3.7% in the second quarter. Sei Investments Co. now owns 58,306 shares of the software maker’s stock worth $2,802,000 after buying an additional 2,104 shares during the period. World Asset Management Inc increased its position in Manhattan Associates by 0.4% in the second quarter. World Asset Management Inc now owns 5,015 shares of the software maker’s stock worth $241,000 after buying an additional 19 shares during the period. Finally, Carleon Capital Partners LLC increased its position in Manhattan Associates by 119.5% in the second quarter. Carleon Capital Partners LLC now owns 17,364 shares of the software maker’s stock worth $830,000 after buying an additional 9,454 shares during the period.
Shares of Manhattan Associates, Inc. (NASDAQ MANH) opened at 41.51 on Friday. The stock has a market cap of $2.86 billion, a P/E ratio of 23.98 and a beta of 1.15. The company has a 50 day moving average price of $44.20 and a 200 day moving average price of $47.29. Manhattan Associates, Inc. has a 1-year low of $40.83 and a 1-year high of $62.14.
Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Thursday, July 20th. The software maker reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.02. Manhattan Associates had a net margin of 20.55% and a return on equity of 75.58%. The company had revenue of $154.10 million for the quarter, compared to the consensus estimate of $153.80 million. During the same period last year, the firm posted $0.49 EPS. Manhattan Associates’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities analysts anticipate that Manhattan Associates, Inc. will post $1.87 EPS for the current year.
Several research firms recently weighed in on MANH. BidaskClub downgraded Manhattan Associates from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 9th. SunTrust Banks, Inc. began coverage on Manhattan Associates in a research note on Monday, June 26th. They issued a “hold” rating and a $45.00 price target on the stock. Finally, Zacks Investment Research downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $59.50.
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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