Louisiana State Employees Retirement System Raises Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Louisiana State Employees Retirement System boosted its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,100 shares of the software maker’s stock after buying an additional 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Manhattan Associates were worth $870,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund raised its position in shares of Manhattan Associates by 1.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 25,734 shares of the software maker’s stock valued at $1,339,000 after buying an additional 300 shares during the period. Capital Insight Partners LLC raised its position in shares of Manhattan Associates by 13.0% in the first quarter. Capital Insight Partners LLC now owns 19,679 shares of the software maker’s stock valued at $1,024,000 after buying an additional 2,263 shares during the period. Whittier Trust Co. raised its position in shares of Manhattan Associates by 5.4% in the first quarter. Whittier Trust Co. now owns 37,441 shares of the software maker’s stock valued at $1,948,000 after buying an additional 1,904 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Manhattan Associates by 81.3% in the first quarter. Janney Montgomery Scott LLC now owns 28,417 shares of the software maker’s stock valued at $1,479,000 after buying an additional 12,747 shares during the period. Finally, First Quadrant L P CA raised its position in shares of Manhattan Associates by 7.4% in the first quarter. First Quadrant L P CA now owns 52,485 shares of the software maker’s stock valued at $2,732,000 after buying an additional 3,638 shares during the period.

Manhattan Associates, Inc. (MANH) traded down 1.75% during mid-day trading on Friday, hitting $41.49. 753,321 shares of the company traded hands. The company’s 50-day moving average is $44.96 and its 200-day moving average is $47.56. Manhattan Associates, Inc. has a one year low of $41.43 and a one year high of $62.14. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 23.97 and a beta of 1.15.

Manhattan Associates (NASDAQ:MANH) last issued its earnings results on Thursday, July 20th. The software maker reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.02. The business had revenue of $154.10 million for the quarter, compared to the consensus estimate of $153.80 million. Manhattan Associates had a net margin of 20.55% and a return on equity of 75.58%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 earnings per share. Analysts predict that Manhattan Associates, Inc. will post $1.87 EPS for the current year.

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Several brokerages have recently commented on MANH. BidaskClub lowered shares of Manhattan Associates from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Zacks Investment Research upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Thursday, June 15th. SunTrust Banks, Inc. began coverage on shares of Manhattan Associates in a research note on Monday, June 26th. They set a “hold” rating and a $45.00 price target on the stock. Finally, Benchmark Co. lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Manhattan Associates has a consensus rating of “Hold” and an average price target of $59.50.

About Manhattan Associates

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.

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

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