Geode Capital Management LLC Has $29.74 Million Position in Manhattan Associates, Inc. (MANH)

Geode Capital Management LLC increased its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 600,239 shares of the software maker’s stock after acquiring an additional 1,699 shares during the period. Geode Capital Management LLC’s holdings in Manhattan Associates were worth $29,735,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. GSA Capital Partners LLP acquired a new stake in shares of Manhattan Associates in the 3rd quarter worth about $774,000. Atlanta Capital Management Co. L L C raised its holdings in shares of Manhattan Associates by 2.9% in the 3rd quarter. Atlanta Capital Management Co. L L C now owns 7,912,766 shares of the software maker’s stock worth $328,933,000 after acquiring an additional 222,359 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Manhattan Associates by 57.9% in the 3rd quarter. Nordea Investment Management AB now owns 772,265 shares of the software maker’s stock worth $32,103,000 after acquiring an additional 283,298 shares during the last quarter. Atlantic Trust Group LLC acquired a new stake in shares of Manhattan Associates in the 3rd quarter worth about $1,506,000. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of Manhattan Associates by 12.3% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 562,650 shares of the software maker’s stock worth $27,874,000 after acquiring an additional 61,575 shares during the last quarter.

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In other news, Director John J. Huntz, Jr. sold 3,592 shares of the stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $45.52, for a total transaction of $163,507.84. Following the completion of the transaction, the director now directly owns 70,799 shares of the company’s stock, valued at approximately $3,222,770.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Bruce Richards sold 5,600 shares of the stock in a transaction that occurred on 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 directly owns 28,560 shares of the company’s stock, valued at $1,287,199.20. The disclosure for this sale can be found here. Company insiders own 1.01% of the company’s stock.

MANH has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Manhattan Associates from a “hold” rating to a “sell” rating in a report on Monday, December 11th. BidaskClub upgraded shares of Manhattan Associates from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 12th. TheStreet lowered shares of Manhattan Associates from a “b-” rating to a “c+” rating in a research note on Tuesday, February 20th. Finally, ValuEngine lowered shares of Manhattan Associates from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $55.00.

Shares of MANH stock opened at $41.43 on Friday. The company has a market cap of $2,977.78, a PE ratio of 24.66 and a beta of 1.26. Manhattan Associates, Inc. has a one year low of $39.63 and a one year high of $54.21.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.45 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The firm 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 company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. analysts expect that Manhattan Associates, Inc. will post 1.29 earnings per share for the current year.

Manhattan Associates declared that its board has authorized a share buyback plan on Tuesday, February 6th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the software maker to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

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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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