Manhattan Associates, Inc. (NASDAQ:MANH) Short Interest Update

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Manhattan Associates, Inc. (NASDAQ:MANH) saw a significant decline in short interest in June. As of June 30th, there was short interest totalling 7,262,800 shares, a decline of 5.6% from the May 30th total of 7,689,600 shares. Based on an average daily trading volume, of 462,500 shares, the short-interest ratio is currently 15.7 days. Currently, 11.3% of the shares of the stock are short sold.

MANH stock traded up $0.17 during midday trading on Tuesday, reaching $72.00. 3,683 shares of the company traded hands, compared to its average volume of 386,184. Manhattan Associates has a 52-week low of $39.01 and a 52-week high of $71.95. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.25. The stock’s 50 day simple moving average is $68.24. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of 45.44 and a beta of 1.45.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Tuesday, April 23rd. The software maker reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Manhattan Associates had a net margin of 17.85% and a return on equity of 73.80%. The company had revenue of $148.40 million for the quarter, compared to analysts’ expectations of $137.55 million. During the same quarter last year, the company earned $0.37 earnings per share. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. As a group, equities research analysts forecast that Manhattan Associates will post 1.09 EPS for the current year.

A number of equities research analysts recently commented on the company. BidaskClub downgraded Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research upgraded Zymeworks from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Saturday, April 27th. SunTrust Banks downgraded KEYW from a “buy” rating to a “hold” rating and boosted their target price for the stock from $11.00 to $11.25 in a research report on Monday, April 22nd. Finally, ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, two have issued a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $64.67.

Hedge funds have recently modified their holdings of the business. Capital Insight Partners LLC raised its holdings in shares of Manhattan Associates by 1.2% in the first quarter. Capital Insight Partners LLC now owns 21,023 shares of the software maker’s stock worth $1,159,000 after buying an additional 240 shares during the period. Raymond James & Associates raised its holdings in shares of Manhattan Associates by 10.8% in the first quarter. Raymond James & Associates now owns 77,005 shares of the software maker’s stock worth $4,244,000 after buying an additional 7,526 shares during the period. Texas Permanent School Fund raised its holdings in shares of Manhattan Associates by 3.2% in the first quarter. Texas Permanent School Fund now owns 44,146 shares of the software maker’s stock worth $2,433,000 after buying an additional 1,363 shares during the period. Amalgamated Bank raised its holdings in shares of Manhattan Associates by 58.6% in the fourth quarter. Amalgamated Bank now owns 15,344 shares of the software maker’s stock worth $650,000 after buying an additional 5,667 shares during the period. Finally, WCM Investment Management LLC raised its holdings in shares of Manhattan Associates by 65.8% in the first quarter. WCM Investment Management LLC now owns 373,952 shares of the software maker’s stock worth $20,608,000 after buying an additional 148,354 shares during the period.

About Manhattan Associates

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 offers Manhattan SCALE, a portfolio of logistics execution solutions that provide trading partner management, yard management, optimization, warehouse management, and transportation execution services; and Manhattan Active, a set of enterprise and store omni-channel solutions.

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