Manhattan Associates, Inc. (MANH) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lessened its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 13.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 123,021 shares of the software maker’s stock after selling 19,397 shares during the quarter. California State Teachers Retirement System owned 0.18% of Manhattan Associates worth $5,912,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of MANH. UBS Asset Management Americas Inc. raised its stake in Manhattan Associates by 30.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 45,300 shares of the software maker’s stock worth $2,358,000 after buying an additional 10,530 shares during the period. Teachers Advisors LLC raised its stake in Manhattan Associates by 1.3% during the 1st quarter. Teachers Advisors LLC now owns 126,966 shares of the software maker’s stock worth $6,609,000 after buying an additional 1,623 shares during the period. Legal & General Group Plc raised its stake in shares of Manhattan Associates by 125.7% in the 1st quarter. Legal & General Group Plc now owns 46,007 shares of the software maker’s stock valued at $2,395,000 after purchasing an additional 25,623 shares during the period. Geode Capital Management LLC raised its stake in shares of Manhattan Associates by 6.9% in the 1st quarter. Geode Capital Management LLC now owns 558,090 shares of the software maker’s stock valued at $29,048,000 after purchasing an additional 35,971 shares during the period. Finally, BlackRock Inc. raised its stake in shares of Manhattan Associates by 14,241.7% in the 1st quarter. BlackRock Inc. now owns 5,768,519 shares of the software maker’s stock valued at $300,250,000 after purchasing an additional 5,728,297 shares during the period.

COPYRIGHT VIOLATION NOTICE: “Manhattan Associates, Inc. (MANH) Shares Sold by California State Teachers Retirement System” was originally published by Community Financial News and is the sole property of of Community Financial News. If you are reading this news story on another publication, it was copied illegally and republished in violation of international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.com-unik.info/2017/10/30/manhattan-associates-inc-manh-shares-sold-by-california-state-teachers-retirement-system.html.

Shares of Manhattan Associates, Inc. (NASDAQ:MANH) opened at 43.58 on Monday. The firm has a market cap of $3.00 billion, a P/E ratio of 25.18 and a beta of 1.12. The firm has a 50 day moving average price of $44.84 and a 200 day moving average price of $45.51. Manhattan Associates, Inc. has a 1-year low of $40.83 and a 1-year high of $55.74.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings data on Tuesday, October 24th. The software maker reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02. The company had revenue of $152.88 million for the quarter, compared to analysts’ expectations of $150.30 million. Manhattan Associates had a net margin of 20.38% and a return on equity of 74.19%. The business’s revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 EPS. Analysts anticipate that Manhattan Associates, Inc. will post $1.87 EPS for the current year.

Several analysts have issued reports on the company. KeyCorp reissued a “hold” rating on shares of Manhattan Associates in a research note on Tuesday, October 17th. Zacks Investment Research downgraded Manhattan Associates from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. BidaskClub downgraded Manhattan Associates from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, SunTrust Banks, Inc. raised Manhattan Associates from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $65.00.

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.

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

What are top analysts saying about Manhattan Associates Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Manhattan Associates Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit