Manhattan Associates, Inc. (MANH) Shares Bought by Retirement Systems of Alabama

Retirement Systems of Alabama lifted its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 12.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 209,981 shares of the software maker’s stock after buying an additional 23,456 shares during the period. Retirement Systems of Alabama owned about 0.32% of Manhattan Associates worth $11,465,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MANH. Legal & General Group Plc increased its holdings in shares of Manhattan Associates by 455.7% during the first quarter. Legal & General Group Plc now owns 375,838 shares of the software maker’s stock worth $15,740,000 after buying an additional 308,209 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Manhattan Associates during the second quarter worth $7,919,000. BTIM Corp. increased its holdings in shares of Manhattan Associates by 43.4% during the third quarter. BTIM Corp. now owns 450,436 shares of the software maker’s stock worth $24,594,000 after buying an additional 136,345 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Manhattan Associates by 1.7% during the second quarter. BlackRock Inc. now owns 5,994,696 shares of the software maker’s stock worth $281,811,000 after buying an additional 98,594 shares in the last quarter. Finally, Capital Fund Management S.A. increased its holdings in shares of Manhattan Associates by 61.6% during the second quarter. Capital Fund Management S.A. now owns 212,611 shares of the software maker’s stock worth $9,995,000 after buying an additional 81,022 shares in the last quarter.

Shares of Manhattan Associates stock opened at $47.42 on Wednesday. Manhattan Associates, Inc. has a twelve month low of $39.10 and a twelve month high of $62.39. The firm has a market capitalization of $2.96 billion, a P/E ratio of 27.57 and a beta of 1.24.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Tuesday, October 23rd. The software maker reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.09. Manhattan Associates had a net margin of 18.48% and a return on equity of 71.67%. The company had revenue of $142.40 million for the quarter, compared to analysts’ expectations of $142.38 million. During the same quarter in the previous year, the firm posted $0.51 earnings per share. Manhattan Associates’s revenue for the quarter was down 6.9% on a year-over-year basis. On average, analysts forecast that Manhattan Associates, Inc. will post 1.48 EPS for the current year.

In related news, Director Edmond Eger sold 2,820 shares of the business’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $52.59, for a total value of $148,303.80. Following the sale, the director now owns 9,376 shares of the company’s stock, valued at $493,083.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John J. Huntz, Jr. sold 2,000 shares of the business’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $56.42, for a total transaction of $112,840.00. Following the completion of the sale, the director now directly owns 72,636 shares in the company, valued at approximately $4,098,123.12. The disclosure for this sale can be found here. In the last three months, insiders sold 12,560 shares of company stock worth $646,905. 0.99% of the stock is currently owned by insiders.

Several brokerages have recently issued reports on MANH. ValuEngine upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating in a report on Tuesday, July 24th. BidaskClub downgraded shares of Manhattan Associates from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. TheStreet upgraded shares of Manhattan Associates from a “c+” rating to a “b-” rating in a report on Friday, July 6th. Zacks Investment Research downgraded shares of Manhattan Associates from a “hold” rating to a “sell” rating in a report on Friday, July 27th. Finally, Benchmark lowered their price target on shares of Manhattan Associates to $60.00 and set a “buy” rating for the company in a report on Wednesday, October 24th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Manhattan Associates currently has an average rating of “Buy” and a consensus target price of $54.00.

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.

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

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