Manhattan Associates, Inc. (MANH) Shares Bought by Chicago Equity Partners LLC

Chicago Equity Partners LLC lifted its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 22.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,000 shares of the software maker’s stock after buying an additional 9,810 shares during the quarter. Chicago Equity Partners LLC owned about 0.08% of Manhattan Associates worth $2,894,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Summit Global Investments bought a new position in shares of Manhattan Associates in the second quarter valued at about $802,000. Dupont Capital Management Corp bought a new position in shares of Manhattan Associates in the second quarter valued at about $1,741,000. BlackRock Inc. raised its holdings in shares of Manhattan Associates by 1.7% in the second quarter. BlackRock Inc. now owns 5,994,696 shares of the software maker’s stock valued at $281,811,000 after buying an additional 98,594 shares during the last quarter. Royce & Associates LP raised its holdings in shares of Manhattan Associates by 13.9% in the second quarter. Royce & Associates LP now owns 632,510 shares of the software maker’s stock valued at $29,734,000 after buying an additional 77,120 shares during the last quarter. Finally, Capital Fund Management S.A. raised its holdings in shares of Manhattan Associates by 61.6% in the second quarter. Capital Fund Management S.A. now owns 212,611 shares of the software maker’s stock valued at $9,995,000 after buying an additional 81,022 shares during the last quarter.

MANH has been the subject of a number of research reports. ValuEngine upgraded Manhattan Associates from a “hold” rating to a “buy” rating in a research report on Tuesday, July 24th. BidaskClub lowered Manhattan Associates from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. Zacks Investment Research lowered Manhattan Associates from a “hold” rating to a “sell” rating in a research report on Friday, July 27th. Benchmark reiterated a “buy” rating and issued a $65.00 price objective (up from $55.00) on shares of Manhattan Associates in a research report on Friday, September 14th. Finally, SunTrust Banks lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Wednesday, September 26th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Manhattan Associates presently has an average rating of “Buy” and an average price target of $54.00.

In other news, Director Edmond Eger sold 2,820 shares of the business’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $52.59, for a total transaction of $148,303.80. Following the completion of the transaction, the director now directly owns 9,376 shares in the company, valued at approximately $493,083.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 value of $112,840.00. Following the transaction, the director now owns 72,636 shares of the company’s stock, valued at $4,098,123.12. The disclosure for this sale can be found here. 0.99% of the stock is currently owned by insiders.

Shares of MANH stock opened at $49.80 on Friday. The stock has a market capitalization of $3.13 billion, a P/E ratio of 28.95 and a beta of 1.27. Manhattan Associates, Inc. has a 12 month low of $39.10 and a 12 month high of $62.39.

Manhattan Associates (NASDAQ:MANH) last posted its earnings results on Tuesday, October 23rd. The software maker reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.09. The company had revenue of $142.40 million during the quarter, compared to analyst estimates of $142.38 million. Manhattan Associates had a return on equity of 71.67% and a net margin of 18.48%. The company’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 EPS. Analysts anticipate that Manhattan Associates, Inc. will post 1.48 EPS for the current year.

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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.

Further Reading: Float

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

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