Mutual of America Capital Management LLC decreased its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 2.5% in the 4th quarter, Holdings Channel reports. The firm owned 55,712 shares of the software maker’s stock after selling 1,414 shares during the period. Mutual of America Capital Management LLC’s holdings in Manhattan Associates were worth $2,760,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of MANH. Zions Bancorporation bought a new position in Manhattan Associates in the 3rd quarter worth about $128,000. Victory Capital Management Inc. bought a new position in Manhattan Associates in the 3rd quarter worth about $168,000. Wilkins Investment Counsel Inc. bought a new position in Manhattan Associates in the 3rd quarter worth about $212,000. Suntrust Banks Inc. bought a new position in Manhattan Associates in the 2nd quarter worth about $236,000. Finally, Shelton Capital Management bought a new position in Manhattan Associates in the 2nd quarter worth about $245,000.
MANH has been the subject of a number of research analyst reports. KeyCorp reaffirmed a “hold” rating on shares of Manhattan Associates in a research note on Tuesday, October 17th. BidaskClub lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Zacks Investment Research lowered shares of Manhattan Associates from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Manhattan Associates currently has a consensus rating of “Hold” and an average price target of $55.00.
Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. The company had revenue of $144.09 million during the quarter, compared to analyst estimates of $144.86 million. Manhattan Associates had a net margin of 19.59% and a return on equity of 72.02%. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 EPS. research analysts predict that Manhattan Associates, Inc. will post 1.29 EPS for the current year.
Manhattan Associates announced that its Board of Directors has authorized a share repurchase program on Tuesday, February 6th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the software maker to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
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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.
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