Manhattan Associates, Inc. (MANH) Holdings Trimmed by Teachers Advisors LLC
Teachers Advisors LLC decreased its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 17.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 104,879 shares of the software maker’s stock after selling 22,087 shares during the period. Teachers Advisors LLC owned about 0.15% of Manhattan Associates worth $5,040,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MANH. Waldron LP purchased a new position in Manhattan Associates in the first quarter valued at $745,000. UBS Asset Management Americas Inc. increased its holdings in Manhattan Associates by 30.3% in the first quarter. UBS Asset Management Americas Inc. now owns 45,300 shares of the software maker’s stock valued at $2,358,000 after buying an additional 10,530 shares in the last quarter. Karp Capital Management Corp purchased a new position in Manhattan Associates in the first quarter valued at $960,000. M&T Bank Corp purchased a new position in Manhattan Associates in the first quarter valued at $225,000. Finally, BB&T Securities LLC increased its holdings in Manhattan Associates by 23.7% in the first quarter. BB&T Securities LLC now owns 6,923 shares of the software maker’s stock valued at $360,000 after buying an additional 1,325 shares in the last quarter.
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A number of research analysts have weighed in on MANH shares. SunTrust Banks, Inc. raised shares of Manhattan Associates from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Tuesday, October 3rd. They noted that the move was a valuation call. BidaskClub raised shares of Manhattan Associates from a “sell” rating to a “hold” rating in a report on Friday, June 16th. Finally, Zacks Investment Research raised shares of Manhattan Associates from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Manhattan Associates presently has an average rating of “Hold” and a consensus price target of $65.00.
Shares of Manhattan Associates, Inc. (NASDAQ:MANH) opened at 44.63 on Wednesday. The stock has a market cap of $3.08 billion, a PE ratio of 25.78 and a beta of 1.12. Manhattan Associates, Inc. has a 1-year low of $40.83 and a 1-year high of $59.60. The stock’s 50 day moving average is $43.14 and its 200-day moving average is $45.77.
Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings results on Thursday, July 20th. The software maker reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $154.10 million during 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 company’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 earnings per share. On average, analysts predict that Manhattan Associates, Inc. will post $1.87 EPS for the current fiscal year.
About Manhattan Associates
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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