Disciplined Growth Investors Inc. MN Acquires 4,046 Shares of Manhattan Associates, Inc. (MANH)

Disciplined Growth Investors Inc. MN lifted its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 0.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 929,146 shares of the software maker’s stock after buying an additional 4,046 shares during the quarter. Disciplined Growth Investors Inc. MN’s holdings in Manhattan Associates were worth $46,030,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. BB&T Investment Services Inc. lifted its position in shares of Manhattan Associates by 128.5% in the 4th quarter. BB&T Investment Services Inc. now owns 2,098 shares of the software maker’s stock worth $106,000 after buying an additional 1,180 shares during the last quarter. Zions Bancorporation bought a new position in shares of Manhattan Associates in the 3rd quarter worth about $128,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Manhattan Associates by 45.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,719 shares of the software maker’s stock worth $184,000 after buying an additional 1,165 shares during the last quarter. Victory Capital Management Inc. bought a new position in shares of Manhattan Associates in the 3rd quarter worth about $168,000. Finally, Advisory Services Network LLC increased its holdings in shares of Manhattan Associates by 2,191.1% in the 4th quarter. Advisory Services Network LLC now owns 4,651 shares of the software maker’s stock worth $230,000 after acquiring an additional 4,448 shares during the period.

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A number of research firms recently weighed in on MANH. BidaskClub raised shares of Manhattan Associates from a “sell” rating to a “hold” rating in a report on Tuesday, March 6th. ValuEngine cut shares of Manhattan Associates from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. TheStreet cut shares of Manhattan Associates from a “b-” rating to a “c+” rating in a report on Tuesday, February 20th. Finally, Zacks Investment Research cut shares of Manhattan Associates from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $55.00.

Shares of Manhattan Associates, Inc. (NASDAQ:MANH) opened at $43.76 on Tuesday. Manhattan Associates, Inc. has a twelve month low of $39.63 and a twelve month high of $54.21. The firm has a market cap of $3,009.05, a PE ratio of 25.30 and a beta of 1.26.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.45 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.45. The business had revenue of $144.09 million for the quarter, compared to analysts’ expectations of $144.86 million. Manhattan Associates had a net margin of 19.59% and a return on equity of 72.02%. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 EPS. research analysts predict that Manhattan Associates, Inc. will post 1.29 earnings per share for the current year.

Manhattan Associates declared that its board has approved a stock buyback plan on Tuesday, February 6th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the software maker to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

In other Manhattan Associates news, VP Bruce Richards sold 5,600 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $45.07, for a total transaction of $252,392.00. Following the transaction, the vice president now owns 28,560 shares of the company’s stock, valued at approximately $1,287,199.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John J. Huntz, Jr. sold 3,592 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $45.52, for a total transaction of $163,507.84. Following the transaction, the director now directly owns 70,799 shares in the company, valued at approximately $3,222,770.48. The disclosure for this sale can be found here. 1.01% of the stock is currently owned by company insiders.

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Manhattan Associates 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.

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

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