Capital Fund Management S.A. Has $4.41 Million Stake in Manhattan Associates, Inc. (MANH)

Capital Fund Management S.A. decreased its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 43.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 91,825 shares of the software maker’s stock after selling 70,137 shares during the quarter. Capital Fund Management S.A. owned about 0.13% of Manhattan Associates worth $4,413,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MANH. Acrospire Investment Management LLC boosted its holdings in shares of Manhattan Associates by 20.9% during the first quarter. Acrospire Investment Management LLC now owns 2,177 shares of the software maker’s stock worth $113,000 after purchasing an additional 377 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Manhattan Associates by 41.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,493 shares of the software maker’s stock worth $120,000 after purchasing an additional 726 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Manhattan Associates by 11.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,554 shares of the software maker’s stock worth $123,000 after purchasing an additional 271 shares during the last quarter. TrimTabs Asset Management LLC boosted its holdings in shares of Manhattan Associates by 105.3% during the second quarter. TrimTabs Asset Management LLC now owns 3,761 shares of the software maker’s stock worth $181,000 after purchasing an additional 1,929 shares during the last quarter. Finally, Lloyds Banking Group plc boosted its holdings in shares of Manhattan Associates by 62.0% during the second quarter. Lloyds Banking Group plc now owns 3,934 shares of the software maker’s stock worth $189,000 after purchasing an additional 1,505 shares during the last quarter.

Shares of Manhattan Associates, Inc. (NASDAQ:MANH) opened at 42.47 on Tuesday. The firm has a market cap of $2.93 billion, a PE ratio of 24.53 and a beta of 1.16. Manhattan Associates, Inc. has a 12-month low of $40.83 and a 12-month high of $59.76. The stock’s 50 day moving average price is $42.87 and its 200 day moving average price is $46.74.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Thursday, July 20th. The software maker reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. Manhattan Associates had a net margin of 20.55% and a return on equity of 75.58%. The company had revenue of $154.10 million for the quarter, compared to the consensus estimate of $153.80 million. During the same period in the previous year, the business earned $0.49 EPS. The company’s revenue was down .5% on a year-over-year basis. On average, equities research analysts predict that Manhattan Associates, Inc. will post $1.87 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on MANH shares. Zacks Investment Research upgraded Manhattan Associates from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Friday, May 26th. SunTrust Banks, Inc. started coverage on Manhattan Associates in a report on Monday, June 26th. They set a “hold” rating and a $45.00 price objective on the stock. Finally, BidaskClub cut Manhattan Associates from a “hold” rating to a “sell” rating in a report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $59.50.

TRADEMARK VIOLATION NOTICE: This story was posted by Markets Daily and is the sole property of of Markets Daily. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.themarketsdaily.com/2017/09/12/capital-fund-management-s-a-has-4-41-million-stake-in-manhattan-associates-inc-manh.html.

About Manhattan Associates

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.

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)

Receive News & Ratings for Manhattan Associates Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manhattan Associates Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply