Pacer Advisors Inc. lifted its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 11.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,372 shares of the software maker’s stock after purchasing an additional 779 shares during the period. Pacer Advisors Inc.’s holdings in Manhattan Associates were worth $354,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Acrospire Investment Management LLC increased its position in Manhattan Associates by 20.9% in the 1st quarter. Acrospire Investment Management LLC now owns 2,177 shares of the software maker’s stock valued at $113,000 after acquiring an additional 377 shares during the period. TrimTabs Asset Management LLC increased its position in Manhattan Associates by 105.3% in the 2nd quarter. TrimTabs Asset Management LLC now owns 3,761 shares of the software maker’s stock valued at $181,000 after acquiring an additional 1,929 shares during the period. Lloyds Banking Group plc increased its position in Manhattan Associates by 62.0% in the 2nd quarter. Lloyds Banking Group plc now owns 3,934 shares of the software maker’s stock valued at $189,000 after acquiring an additional 1,505 shares during the period. Investment Centers of America Inc. acquired a new position in Manhattan Associates in the 1st quarter valued at about $222,000. Finally, M&T Bank Corp acquired a new position in Manhattan Associates in the 1st quarter valued at about $225,000.
Manhattan Associates, Inc. (MANH) opened at 42.47 on Tuesday. The company has a 50-day moving average price of $42.87 and a 200 day moving average price of $46.74. Manhattan Associates, Inc. has a 12 month low of $40.83 and a 12 month high of $59.76. The firm has a market cap of $2.93 billion, a PE ratio of 24.53 and a beta of 1.16.
Manhattan Associates (NASDAQ:MANH) last issued its earnings results on Thursday, July 20th. The software maker reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.02. Manhattan Associates had a net margin of 20.55% and a return on equity of 75.58%. The firm had revenue of $154.10 million for the quarter, compared to analysts’ expectations of $153.80 million. During the same quarter last year, the company posted $0.49 earnings per share. Manhattan Associates’s revenue was down .5% on a year-over-year basis. Equities research analysts anticipate that Manhattan Associates, Inc. will post $1.87 EPS for the current year.
Several equities analysts recently issued reports on MANH shares. Zacks Investment Research cut Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Wednesday, May 24th. BidaskClub cut Manhattan Associates from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Finally, SunTrust Banks, Inc. started coverage on Manhattan Associates in a research report on Monday, June 26th. They issued a “hold” rating and a $45.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Manhattan Associates presently has a consensus rating of “Hold” and a consensus price target of $59.50.
ILLEGAL ACTIVITY WARNING: This news story was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright law. The legal version of this news story can be read at https://sportsperspectives.com/2017/09/12/manhattan-associates-inc-manh-shares-bought-by-pacer-advisors-inc.html.
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.
Receive News & Ratings for Manhattan Associates Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manhattan Associates Inc. and related companies with MarketBeat.com's FREE daily email newsletter.