Manhattan Associates, Inc. (MANH) Position Lessened by Northern Trust Corp

Northern Trust Corp cut its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 0.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 905,838 shares of the software maker’s stock after selling 4,252 shares during the quarter. Northern Trust Corp owned approximately 1.31% of Manhattan Associates worth $43,534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bronfman E.L. Rothschild L.P. grew its stake in shares of Manhattan Associates by 41.1% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,493 shares of the software maker’s stock worth $120,000 after purchasing an additional 726 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Manhattan Associates by 11.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,554 shares of the software maker’s stock worth $123,000 after purchasing an additional 271 shares during the last quarter. Riverhead Capital Management LLC grew its stake in shares of Manhattan Associates by 79.0% in the second quarter. Riverhead Capital Management LLC now owns 3,760 shares of the software maker’s stock worth $181,000 after purchasing an additional 1,660 shares during the last quarter. TrimTabs Asset Management LLC grew its stake in shares of Manhattan Associates by 105.3% in the second quarter. TrimTabs Asset Management LLC now owns 3,761 shares of the software maker’s stock worth $181,000 after purchasing an additional 1,929 shares during the last quarter. Finally, Lloyds Banking Group plc grew its stake in shares of Manhattan Associates by 62.0% in the second quarter. Lloyds Banking Group plc now owns 3,934 shares of the software maker’s stock worth $189,000 after purchasing an additional 1,505 shares during the last quarter.

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Shares of Manhattan Associates, Inc. (NASDAQ MANH) opened at 44.63 on Wednesday. The company has a market capitalization of $3.08 billion, a PE ratio of 25.78 and a beta of 1.12. The firm’s 50-day moving average price is $43.14 and its 200 day moving average price is $45.77. Manhattan Associates, Inc. has a 52-week low of $40.83 and a 52-week high of $59.60.

Manhattan Associates (NASDAQ:MANH) last issued its earnings results on Thursday, July 20th. The software maker reported $0.50 EPS for the quarter, topping the Zacks’ 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%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 EPS. On average, equities analysts forecast that Manhattan Associates, Inc. will post $1.87 earnings per share for the current year.

Several research firms recently issued reports on MANH. SunTrust Banks, Inc. began coverage on Manhattan Associates in a research note on Monday, June 26th. They issued a “hold” rating and a $45.00 target price on the stock. BidaskClub raised Manhattan Associates from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. Finally, Zacks Investment Research cut Manhattan Associates from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Manhattan Associates currently has a consensus rating of “Hold” and a consensus price target of $65.00.

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.

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

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