Atlanta Capital Management Co. L L C grew its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 1.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,690,407 shares of the software maker’s stock after acquiring an additional 98,471 shares during the period. Manhattan Associates accounts for 2.2% of Atlanta Capital Management Co. L L C’s portfolio, making the stock its 8th largest holding. Atlanta Capital Management Co. L L C owned about 11.16% of Manhattan Associates worth $369,601,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised 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 acquiring an additional 327,370 shares during the last quarter. Royce & Associates LP bought a new position in shares of Manhattan Associates in the second quarter valued at approximately $721,000. BlackRock Inc. raised 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 acquiring an additional 5,728,297 shares during the last quarter. BNP Paribas Arbitrage SA raised 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 acquiring an additional 14,482 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised 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 acquiring an additional 1,284,125 shares during the last quarter.
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Manhattan Associates, Inc. (NASDAQ:MANH) traded down 1.71% on Monday, reaching $45.49. 164,526 shares of the company traded hands. Manhattan Associates, Inc. has a 52-week low of $40.83 and a 52-week high of $59.60. The stock has a 50-day moving average of $42.93 and a 200 day moving average of $45.87. The company has a market capitalization of $3.14 billion, a PE ratio of 26.28 and a beta of 1.12.
Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Thursday, July 20th. The software maker reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 EPS. On average, equities analysts forecast that Manhattan Associates, Inc. will post $1.87 EPS for the current year.
A number of research firms have recently issued reports on MANH. SunTrust Banks, Inc. began coverage on shares of Manhattan Associates in a research note on Monday, June 26th. They issued a “hold” rating and a $45.00 target price for the company. BidaskClub upgraded shares of Manhattan Associates from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. Finally, Zacks Investment Research cut shares of Manhattan Associates from a “hold” rating to a “sell” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target 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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