Manhattan Associates, Inc. (MANH) Holdings Raised by Rhumbline Advisers

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Rhumbline Advisers raised its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 33.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 188,884 shares of the software maker’s stock after buying an additional 47,705 shares during the period. Rhumbline Advisers’ holdings in Manhattan Associates were worth $8,003,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of MANH. Federated Investors Inc. PA raised its holdings in Manhattan Associates by 3,719.9% during the third quarter. Federated Investors Inc. PA now owns 724,069 shares of the software maker’s stock valued at $39,534,000 after acquiring an additional 705,114 shares during the period. Denali Advisors LLC raised its holdings in Manhattan Associates by 293.9% during the fourth quarter. Denali Advisors LLC now owns 260,000 shares of the software maker’s stock valued at $11,016,000 after acquiring an additional 194,000 shares during the period. Vanguard Group Inc raised its holdings in Manhattan Associates by 2.6% during the third quarter. Vanguard Group Inc now owns 6,066,808 shares of the software maker’s stock valued at $331,247,000 after acquiring an additional 154,467 shares during the period. Vanguard Group Inc. raised its holdings in Manhattan Associates by 2.6% during the third quarter. Vanguard Group Inc. now owns 6,066,808 shares of the software maker’s stock valued at $331,247,000 after acquiring an additional 154,467 shares during the period. Finally, Schroder Investment Management Group raised its holdings in Manhattan Associates by 331.2% during the third quarter. Schroder Investment Management Group now owns 191,338 shares of the software maker’s stock valued at $10,447,000 after acquiring an additional 146,966 shares during the period.

Shares of MANH stock opened at $54.23 on Tuesday. Manhattan Associates, Inc. has a 12-month low of $39.01 and a 12-month high of $62.39. The stock has a market capitalization of $3.53 billion, a PE ratio of 34.32 and a beta of 1.50.

Manhattan Associates (NASDAQ:MANH) last issued its earnings results on Tuesday, February 5th. The software maker reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.09. Manhattan Associates had a return on equity of 74.34% and a net margin of 18.72%. The firm had revenue of $144.37 million for the quarter, compared to analysts’ expectations of $139.19 million. During the same period in the previous year, the firm posted $0.45 earnings per share. The business’s revenue was up .2% compared to the same quarter last year. On average, research analysts anticipate that Manhattan Associates, Inc. will post 1.15 EPS for the current fiscal year.

A number of equities research analysts have commented on the company. Zacks Investment Research raised Manhattan Associates from a “hold” rating to a “strong-buy” rating and set a $52.00 price target on the stock in a report on Tuesday, October 30th. BidaskClub raised Manhattan Associates from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 13th. ValuEngine cut Manhattan Associates from a “buy” rating to a “hold” rating in a report on Thursday, February 7th. Finally, TheStreet cut Manhattan Associates from a “b-” rating to a “c” rating in a report on Thursday, December 27th. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company’s stock. Manhattan Associates presently has a consensus rating of “Buy” and an average target price of $56.00.

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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 provides supply chain solutions, including distribution management, transportation management, and visibility solutions; omni-channel solutions; and inventory optimization and planning solutions.

Further Reading: What is the LIBOR?

Want to see what other hedge funds are holding MANH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Manhattan Associates, Inc. (NASDAQ:MANH).

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

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