Manhattan Associates, Inc. (MANH) Position Reduced by Macquarie Group Ltd.

Macquarie Group Ltd. decreased its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 22.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 700 shares of the software maker’s stock after selling 200 shares during the period. Macquarie Group Ltd.’s holdings in Manhattan Associates were worth $30,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Thrivent Financial for Lutherans raised its holdings in shares of Manhattan Associates by 3.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 16,703 shares of the software maker’s stock valued at $708,000 after purchasing an additional 594 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new position in shares of Manhattan Associates during the 4th quarter valued at $664,000. Gotham Asset Management LLC raised its holdings in shares of Manhattan Associates by 260.7% during the 4th quarter. Gotham Asset Management LLC now owns 74,366 shares of the software maker’s stock valued at $3,151,000 after purchasing an additional 53,751 shares in the last quarter. Squarepoint Ops LLC raised its holdings in shares of Manhattan Associates by 120.6% during the 4th quarter. Squarepoint Ops LLC now owns 47,263 shares of the software maker’s stock valued at $2,003,000 after purchasing an additional 25,837 shares in the last quarter. Finally, Zacks Investment Management raised its holdings in shares of Manhattan Associates by 315.3% during the 4th quarter. Zacks Investment Management now owns 161,663 shares of the software maker’s stock valued at $6,850,000 after purchasing an additional 122,735 shares in the last quarter.

MANH has been the topic of a number of recent research reports. TheStreet upgraded shares of Manhattan Associates from a “c+” rating to a “b-” rating in a report on Friday, March 1st. Zacks Investment Research upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a report on Wednesday, January 30th. ValuEngine upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating in a report on Tuesday, January 15th. Finally, BidaskClub upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating in a report on Tuesday, January 29th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Manhattan Associates has an average rating of “Buy” and a consensus price target of $56.00.

In related news, SVP Robert G. Howell sold 2,750 shares of Manhattan Associates stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $54.00, for a total value of $148,500.00. Following the transaction, the senior vice president now owns 155,697 shares in the company, valued at approximately $8,407,638. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John J. Huntz, Jr. sold 2,106 shares of Manhattan Associates stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $53.76, for a total transaction of $113,218.56. Following the completion of the transaction, the director now owns 70,530 shares in the company, valued at approximately $3,791,692.80. The disclosure for this sale can be found here. Insiders sold a total of 10,310 shares of company stock worth $562,834 in the last quarter. Insiders own 0.68% of the company’s stock.

Shares of MANH opened at $57.30 on Friday. The firm has a market capitalization of $3.70 billion, a P/E ratio of 36.27 and a beta of 1.49. Manhattan Associates, Inc. has a one year low of $39.01 and a one year high of $62.39.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, February 5th. The software maker reported $0.46 EPS for the quarter, topping the consensus estimate of $0.37 by $0.09. The firm had revenue of $144.37 million for the quarter, compared to the consensus estimate of $139.19 million. Manhattan Associates had a net margin of 18.72% and a return on equity of 74.34%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 EPS. On average, analysts expect that Manhattan Associates, Inc. will post 1.1 earnings per share for the current fiscal year.

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Manhattan Associates Profile

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers, and other organizations. The company offers Manhattan SCALE, a portfolio of logistics execution solutions that provide trading partner management, yard management, optimization, warehouse management, and transportation execution services; and Manhattan Active, a set of enterprise and store omni-channel solutions.

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

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