State Board of Administration of Florida Retirement System Acquires 12,047 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

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State Board of Administration of Florida Retirement System lifted its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 12.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 110,756 shares of the software maker’s stock after purchasing an additional 12,047 shares during the period. State Board of Administration of Florida Retirement System owned 0.17% of Manhattan Associates worth $7,679,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. increased its stake in Manhattan Associates by 1.6% during the first quarter. BlackRock Inc. now owns 6,188,152 shares of the software maker’s stock valued at $341,030,000 after acquiring an additional 95,429 shares during the period. Royce & Associates LP increased its stake in Manhattan Associates by 4.7% during the first quarter. Royce & Associates LP now owns 1,036,635 shares of the software maker’s stock valued at $57,129,000 after acquiring an additional 46,913 shares during the period. AJO LP increased its stake in Manhattan Associates by 111.4% during the first quarter. AJO LP now owns 825,354 shares of the software maker’s stock valued at $45,485,000 after acquiring an additional 434,963 shares during the period. Stephens Investment Management Group LLC increased its stake in Manhattan Associates by 0.5% during the second quarter. Stephens Investment Management Group LLC now owns 739,080 shares of the software maker’s stock valued at $51,240,000 after acquiring an additional 3,727 shares during the period. Finally, Geode Capital Management LLC increased its stake in Manhattan Associates by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 718,854 shares of the software maker’s stock valued at $30,457,000 after acquiring an additional 31,725 shares during the period.

NASDAQ:MANH traded down $1.06 during trading hours on Wednesday, hitting $82.75. 679 shares of the stock were exchanged, compared to its average volume of 520,290. The company’s 50 day moving average is $80.49 and its two-hundred day moving average is $66.01. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $5.39 billion, a P/E ratio of 52.21 and a beta of 1.42. Manhattan Associates, Inc. has a twelve month low of $39.01 and a twelve month high of $89.53.

Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, July 23rd. The software maker reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.17. Manhattan Associates had a return on equity of 66.00% and a net margin of 16.33%. The firm had revenue of $154.30 million during the quarter, compared to analysts’ expectations of $146.00 million. During the same quarter in the prior year, the company earned $0.47 EPS. The company’s revenue was up 8.7% on a year-over-year basis. On average, equities research analysts expect that Manhattan Associates, Inc. will post 1.11 EPS for the current year.

Several equities analysts recently issued reports on MANH shares. Benchmark restated a “buy” rating and set a $90.00 price target (up from $75.00) on shares of Manhattan Associates in a research note on Wednesday, July 24th. Zacks Investment Research upgraded Manhattan Associates from a “hold” rating to a “strong-buy” rating and set a $100.00 price objective on the stock in a research note on Thursday, August 1st. SunTrust Banks upped their price objective on Manhattan Associates from $85.00 to $92.00 and gave the company a “buy” rating in a research note on Monday, August 12th. ValuEngine lowered Manhattan Associates from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Finally, BidaskClub upgraded Manhattan Associates from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 16th. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Manhattan Associates presently has a consensus rating of “Buy” and an average price target of $95.50.

In other Manhattan Associates news, Director John J. Huntz, Jr. sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $85.04, for a total transaction of $297,640.00. Following the completion of the sale, the director now directly owns 70,170 shares in the company, valued at $5,967,256.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eddie Capel sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $87.48, for a total transaction of $3,499,200.00. Following the sale, the chief executive officer now owns 261,357 shares of the company’s stock, valued at $22,863,510.36. The disclosure for this sale can be found here. Insiders have sold 54,100 shares of company stock valued at $4,697,840 over the last 90 days. Company insiders own 0.68% of the company’s stock.

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

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