Sciencast Management LP Takes $601,000 Position in Manhattan Associates, Inc. (MANH)

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Sciencast Management LP acquired a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) in the 1st quarter, Holdings Channel reports. The fund acquired 10,700 shares of the software maker’s stock, valued at approximately $601,000.

Several other hedge funds and other institutional investors have also bought and sold shares of MANH. BlackRock Inc. raised its holdings in Manhattan Associates by 2.8% in the 4th quarter. BlackRock Inc. now owns 6,092,723 shares of the software maker’s stock valued at $258,149,000 after acquiring an additional 166,453 shares in the last quarter. Vanguard Group Inc. raised its holdings in Manhattan Associates by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 6,066,808 shares of the software maker’s stock valued at $331,247,000 after acquiring an additional 154,467 shares in the last quarter. Vanguard Group Inc raised its holdings in Manhattan Associates by 2.6% in the 3rd quarter. Vanguard Group Inc now owns 6,066,808 shares of the software maker’s stock valued at $331,247,000 after acquiring an additional 154,467 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in Manhattan Associates by 1.5% in the 3rd quarter. Neuberger Berman Group LLC now owns 4,750,069 shares of the software maker’s stock valued at $259,354,000 after acquiring an additional 72,157 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Manhattan Associates by 12.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,333,289 shares of the software maker’s stock valued at $56,491,000 after acquiring an additional 151,640 shares in the last quarter.

MANH has been the subject of several recent research reports. Zacks Investment Research cut Manhattan Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 26th. TheStreet cut Manhattan Associates from a “b-” rating to a “c” rating in a report on Thursday, December 27th. ValuEngine cut Manhattan Associates from a “buy” rating to a “hold” rating in a report on Friday, January 4th. Finally, BidaskClub raised Manhattan Associates from a “hold” rating to a “buy” rating in a report on Tuesday, January 29th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Manhattan Associates currently has an average rating of “Buy” and an average price target of $56.00.

In related news, Director John J. Huntz, Jr. sold 2,106 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $53.76, for a total transaction of $113,218.56. Following the sale, the director now directly owns 70,530 shares in the company, valued at approximately $3,791,692.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Robert G. Howell sold 2,750 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $54.00, for a total value of $148,500.00. Following the sale, the senior vice president now owns 155,697 shares in the company, valued at $8,407,638. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,310 shares of company stock valued at $562,834. 0.68% of the stock is currently owned by insiders.

Shares of MANH opened at $57.73 on Wednesday. Manhattan Associates, Inc. has a 1 year low of $39.01 and a 1 year high of $62.39. The company has a market capitalization of $3.71 billion, a PE ratio of 36.54 and a beta of 1.49.

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

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Manhattan Associates Company 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.

See Also: What is Considered a Good Return on Equity (ROE)?

Want to see what other hedge funds are holding MANH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Manhattan Associates, Inc. (NASDAQ:MANH).

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

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