Teachers Retirement System of The State of Kentucky cut its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 6.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,490 shares of the software maker’s stock after selling 1,100 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Manhattan Associates were worth $793,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in shares of Manhattan Associates by 22.6% in the second quarter. JPMorgan Chase & Co. now owns 1,774,595 shares of the software maker’s stock valued at $85,288,000 after purchasing an additional 327,370 shares during the period. Royce & Associates LP purchased a new position in shares of Manhattan Associates in the second quarter valued at $721,000. BlackRock Inc. boosted its stake in shares of Manhattan Associates by 14,241.7% in the first quarter. BlackRock Inc. now owns 5,768,519 shares of the software maker’s stock valued at $300,250,000 after purchasing an additional 5,728,297 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Manhattan Associates by 93.0% in the second quarter. BNP Paribas Arbitrage SA now owns 30,057 shares of the software maker’s stock valued at $1,445,000 after purchasing an additional 14,482 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Manhattan Associates by 219.8% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,868,470 shares of the software maker’s stock valued at $89,799,000 after purchasing an additional 1,284,125 shares during the period.

Shares of Manhattan Associates, Inc. (NASDAQ:MANH) opened at 46.06 on Friday. The company has a 50-day moving average of $43.51 and a 200 day moving average of $45.73. The firm has a market capitalization of $3.17 billion, a PE ratio of 26.61 and a beta of 1.12. Manhattan Associates, Inc. has a 12-month low of $40.83 and a 12-month high of $59.60.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data on Thursday, July 20th. The software maker reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. The business 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%. Manhattan Associates’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the company posted $0.49 earnings per share. On average, analysts predict that Manhattan Associates, Inc. will post $1.87 EPS for the current year.

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Several research firms recently issued reports on MANH. SunTrust Banks, Inc. began coverage on shares of Manhattan Associates in a report on Monday, June 26th. They issued a “hold” rating and a $45.00 price target on the stock. 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 cut shares of Manhattan Associates from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $65.00.

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

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