Manhattan Associates, Inc. (MANH) Position Reduced by Schroder Investment Management Group

Schroder Investment Management Group reduced its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 29.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,441 shares of the software maker’s stock after selling 6,011 shares during the quarter. Schroder Investment Management Group’s holdings in Manhattan Associates were worth $611,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of MANH. Bronfman E.L. Rothschild L.P. raised 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 valued at $120,000 after buying an additional 726 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised 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 valued at $123,000 after buying an additional 271 shares during the period. Victory Capital Management Inc. bought a new stake in shares of Manhattan Associates in the third quarter valued at $168,000. TrimTabs Asset Management LLC raised 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 valued at $181,000 after buying an additional 1,929 shares during the period. Finally, Riverhead Capital Management LLC raised 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 valued at $181,000 after buying an additional 1,660 shares during the period.

MANH has been the topic of several research reports. Zacks Investment Research lowered Manhattan Associates from a “hold” rating to a “sell” rating in a research note on Monday, December 11th. SunTrust Banks upgraded Manhattan Associates from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. BidaskClub upgraded Manhattan Associates from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 12th. Finally, KeyCorp restated a “hold” rating on shares of Manhattan Associates in a research note on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $65.00.

In other news, CEO Eddie Capel sold 23,000 shares of Manhattan Associates stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $42.04, for a total value of $966,920.00. Following the completion of the transaction, the chief executive officer now directly owns 180,057 shares in the company, valued at $7,569,596.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.01% of the stock is currently owned by insiders.

Manhattan Associates, Inc. (NASDAQ:MANH) opened at $46.30 on Friday. The firm has a market capitalization of $3,191.60, a price-to-earnings ratio of 26.16 and a beta of 1.15. Manhattan Associates, Inc. has a 52-week low of $40.75 and a 52-week high of $55.74.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Tuesday, October 24th. The software maker reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.02. The company had revenue of $152.88 million during the quarter, compared to analysts’ expectations of $150.30 million. Manhattan Associates had a return on equity of 74.19% and a net margin of 20.38%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.50 earnings per share. analysts expect that Manhattan Associates, Inc. will post 1.75 EPS for the current fiscal year.

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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.

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

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