Manhattan Associates, Inc. (MANH) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 116.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,066,350 shares of the software maker’s stock after purchasing an additional 573,226 shares during the period. Wells Fargo & Company MN owned about 1.55% of Manhattan Associates worth $51,249,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. increased its position in Manhattan Associates by 41.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,493 shares of the software maker’s stock worth $120,000 after buying an additional 726 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Manhattan Associates by 11.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,554 shares of the software maker’s stock worth $123,000 after buying an additional 271 shares in the last quarter. TrimTabs Asset Management LLC increased its position in Manhattan Associates by 105.3% during the second quarter. TrimTabs Asset Management LLC now owns 3,761 shares of the software maker’s stock worth $181,000 after buying an additional 1,929 shares in the last quarter. Lloyds Banking Group plc increased its position in Manhattan Associates by 62.0% during the second quarter. Lloyds Banking Group plc now owns 3,934 shares of the software maker’s stock worth $189,000 after buying an additional 1,505 shares in the last quarter. Finally, Investment Centers of America Inc. purchased a new position in Manhattan Associates during the first quarter worth $222,000.

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Shares of Manhattan Associates, Inc. (NASDAQ:MANH) opened at 44.01 on Friday. Manhattan Associates, Inc. has a 12 month low of $40.83 and a 12 month high of $59.76. The stock has a 50 day moving average price of $42.71 and a 200-day moving average price of $46.54. The stock has a market cap of $3.03 billion, a P/E 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. Manhattan Associates had a net margin of 20.55% and a return on equity of 75.58%. The business had revenue of $154.10 million during the quarter, compared to the consensus estimate of $153.80 million. During the same quarter last year, the company posted $0.49 earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. On average, analysts forecast that Manhattan Associates, Inc. will post $1.87 EPS for the current fiscal year.

MANH has been the subject of several recent research reports. Zacks Investment Research raised Manhattan Associates from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. SunTrust Banks, Inc. initiated coverage on Manhattan Associates in a research report on Monday, June 26th. They set a “hold” rating and a $45.00 price target for the company. Finally, BidaskClub downgraded Manhattan Associates from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. One equities 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 company. The stock has an average rating of “Hold” and an average price target of $59.50.

Manhattan Associates Company 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.

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

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