MetLife Investment Advisors LLC Sells 395 Shares of Manhattan Associates, Inc. (MANH)

MetLife Investment Advisors LLC lowered its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,865 shares of the software maker’s stock after selling 395 shares during the period. MetLife Investment Advisors LLC’s holdings in Manhattan Associates were worth $1,689,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Disciplined Growth Investors Inc. MN increased its position in shares of Manhattan Associates by 4.1% during the third quarter. Disciplined Growth Investors Inc. MN now owns 930,777 shares of the software maker’s stock valued at $50,820,000 after acquiring an additional 36,478 shares during the last quarter. Royce & Associates LP increased its position in Manhattan Associates by 34.2% in the fourth quarter. Royce & Associates LP now owns 989,722 shares of the software maker’s stock worth $41,935,000 after buying an additional 252,203 shares during the last quarter. Morgan Stanley increased its position in Manhattan Associates by 95.1% in the third quarter. Morgan Stanley now owns 182,441 shares of the software maker’s stock worth $9,961,000 after buying an additional 88,940 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in Manhattan Associates in the fourth quarter worth $4,177,000. Finally, Alps Advisors Inc. increased its position in Manhattan Associates by 1.0% in the fourth quarter. Alps Advisors Inc. now owns 28,062 shares of the software maker’s stock worth $1,189,000 after buying an additional 291 shares during the last quarter.

A number of analysts have issued reports on MANH shares. TheStreet raised Manhattan Associates from a “c+” rating to a “b-” rating in a research report on Friday, March 1st. BidaskClub downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Friday, December 7th. Zacks Investment Research raised Manhattan Associates from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Wednesday, January 30th. Finally, ValuEngine raised Manhattan Associates from a “hold” rating to a “buy” rating in a research report on Tuesday, January 15th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Manhattan Associates has an average rating of “Buy” and a consensus target price of $56.00.

In related news, VP Bruce Richards sold 5,454 shares of Manhattan Associates stock in a transaction on Friday, March 1st. The stock was sold at an average price of $55.21, for a total transaction of $301,115.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John J. Huntz, Jr. sold 2,106 shares of Manhattan Associates stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $53.76, for a total value of $113,218.56. Following the sale, the director now directly owns 70,530 shares of the company’s stock, valued at approximately $3,791,692.80. The disclosure for this sale can be found here. Insiders have sold 10,310 shares of company stock valued at $562,834 in the last three months. 0.99% of the stock is owned by corporate insiders.

Shares of NASDAQ MANH opened at $55.50 on Tuesday. The firm has a market capitalization of $3.56 billion, a PE ratio of 35.13 and a beta of 1.49. Manhattan Associates, Inc. has a fifty-two week low of $39.01 and a fifty-two week high of $62.39.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Tuesday, February 5th. The software maker reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.09. The company had revenue of $144.37 million during the quarter, compared to analysts’ expectations of $139.19 million. Manhattan Associates had a return on equity of 74.34% and a net margin of 18.72%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 earnings per share. As a group, analysts anticipate that Manhattan Associates, Inc. will post 1.1 EPS for the current 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 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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