15,000 Shares in Manhattan Associates, Inc. (MANH) Purchased by Royce & Associates LP
Royce & Associates LP purchased a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 15,000 shares of the software maker’s stock, valued at approximately $721,000.
Other hedge funds have also made changes to their positions in the company. TrimTabs Asset Management LLC lifted its stake in shares of Manhattan Associates by 105.3% during the 2nd quarter. TrimTabs Asset Management LLC now owns 3,761 shares of the software maker’s stock valued at $181,000 after buying an additional 1,929 shares in the last quarter. Lloyds Banking Group plc lifted its stake in shares of Manhattan Associates by 62.0% during the 2nd quarter. Lloyds Banking Group plc now owns 3,934 shares of the software maker’s stock valued at $189,000 after buying an additional 1,505 shares in the last quarter. Investment Centers of America Inc. purchased a new stake in shares of Manhattan Associates during the 1st quarter valued at approximately $222,000. M&T Bank Corp purchased a new stake in shares of Manhattan Associates during the 1st quarter valued at approximately $225,000. Finally, World Asset Management Inc lifted its stake in shares of Manhattan Associates by 14.5% during the 1st quarter. World Asset Management Inc now owns 4,996 shares of the software maker’s stock valued at $260,000 after buying an additional 634 shares in the last quarter.
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Shares of Manhattan Associates, Inc. (MANH) opened at 44.01 on Monday. Manhattan Associates, Inc. has a 52 week low of $40.83 and a 52 week high of $59.76. The company’s 50 day moving average is $42.71 and its 200-day moving average is $46.54. The stock has a market capitalization of $3.03 billion, a PE ratio of 25.42 and a beta of 1.16.
Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Thursday, July 20th. The software maker reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $154.10 million for the quarter, compared to the consensus estimate of $153.80 million. Manhattan Associates had a net margin of 20.55% and a return on equity of 75.58%. The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 earnings per share. On average, equities analysts predict that Manhattan Associates, Inc. will post $1.87 earnings per share for the current year.
A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of Manhattan Associates from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. BidaskClub cut shares of Manhattan Associates from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Finally, SunTrust Banks, Inc. assumed coverage on shares of Manhattan Associates in a research note on Monday, June 26th. They set a “hold” rating and a $45.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $59.50.
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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