Los Angeles Capital Management & Equity Research Inc. Has $415,000 Stake in Manhattan Associates, Inc. (MANH)

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Los Angeles Capital Management & Equity Research Inc. grew its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,792 shares of the software maker’s stock after acquiring an additional 690 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Manhattan Associates were worth $415,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Ruggie Capital Group purchased a new stake in Manhattan Associates during the fourth quarter worth about $31,000. Pearl River Capital LLC purchased a new stake in Manhattan Associates during the fourth quarter worth about $40,000. Quantamental Technologies LLC purchased a new stake in Manhattan Associates during the fourth quarter worth about $57,000. First Hawaiian Bank boosted its holdings in Manhattan Associates by 301.0% during the fourth quarter. First Hawaiian Bank now owns 1,945 shares of the software maker’s stock worth $82,000 after buying an additional 1,460 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in Manhattan Associates by 2,378.4% during the third quarter. Bessemer Group Inc. now owns 3,098 shares of the software maker’s stock worth $169,000 after buying an additional 2,973 shares in the last quarter.

Shares of MANH opened at $55.19 on Friday. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 34.93 and a beta of 1.49. Manhattan Associates, Inc. has a 12-month low of $39.01 and a 12-month high of $62.39.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, February 5th. The software maker reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.09. The company had revenue of $144.37 million during the quarter, compared to analysts’ expectations of $139.19 million. Manhattan Associates had a net margin of 18.72% and a return on equity of 74.34%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 earnings per share. Equities analysts expect that Manhattan Associates, Inc. will post 1.1 EPS for the current year.

A number of analysts recently commented on the stock. Zacks Investment Research downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Tuesday, February 5th. ValuEngine downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Friday, January 4th. TheStreet downgraded shares of Manhattan Associates from a “b-” rating to a “c” rating in a report on Thursday, December 27th. Finally, BidaskClub raised shares of Manhattan Associates from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 13th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Manhattan Associates presently has an average rating of “Buy” and an average price target of $56.00.

In other Manhattan Associates news, VP Bruce Richards sold 5,454 shares of Manhattan Associates stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $55.21, for a total transaction of $301,115.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John J. Huntz, Jr. sold 2,106 shares of Manhattan Associates stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $53.76, for a total transaction of $113,218.56. Following the transaction, the director now owns 70,530 shares of the company’s stock, valued at approximately $3,791,692.80. The disclosure for this sale can be found here. Insiders own 0.99% of the company’s stock.

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Manhattan Associates Profile

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers, and other organizations. The company provides supply chain solutions, including distribution management, transportation management, and visibility solutions; omni-channel solutions; and inventory optimization and planning solutions.

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

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