Manhattan Associates, Inc. (NASDAQ:MANH) Shares Purchased by Diversified Trust Co

Diversified Trust Co increased its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANHGet Rating) by 35.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,786 shares of the software maker’s stock after purchasing an additional 998 shares during the period. Diversified Trust Co’s holdings in Manhattan Associates were worth $434,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. CWM LLC raised its position in shares of Manhattan Associates by 105.6% during the 1st quarter. CWM LLC now owns 1,400 shares of the software maker’s stock worth $194,000 after purchasing an additional 719 shares during the last quarter. Private Capital Group LLC raised its position in shares of Manhattan Associates by 66.7% during the 1st quarter. Private Capital Group LLC now owns 235 shares of the software maker’s stock worth $33,000 after purchasing an additional 94 shares during the last quarter. Natixis Advisors L.P. raised its holdings in Manhattan Associates by 13.5% in the 1st quarter. Natixis Advisors L.P. now owns 24,527 shares of the software maker’s stock valued at $3,402,000 after acquiring an additional 2,924 shares during the last quarter. Invesco Ltd. raised its holdings in Manhattan Associates by 13.5% in the 1st quarter. Invesco Ltd. now owns 3,902,037 shares of the software maker’s stock valued at $541,252,000 after acquiring an additional 465,063 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in Manhattan Associates by 1.6% in the 1st quarter. Treasurer of the State of North Carolina now owns 23,311 shares of the software maker’s stock valued at $3,233,000 after acquiring an additional 370 shares during the last quarter. 97.35% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Associates Stock Down 1.6 %

Shares of NASDAQ MANH opened at $131.33 on Friday. Manhattan Associates, Inc. has a 52-week low of $106.02 and a 52-week high of $188.52. The firm has a fifty day moving average of $138.74 and a 200-day moving average of $130.62. The stock has a market capitalization of $8.24 billion, a PE ratio of 70.61 and a beta of 1.84.

Manhattan Associates (NASDAQ:MANHGet Rating) last announced its quarterly earnings data on Tuesday, July 26th. The software maker reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.16. Manhattan Associates had a net margin of 16.67% and a return on equity of 51.87%. During the same quarter in the previous year, the firm posted $0.48 earnings per share. Equities research analysts expect that Manhattan Associates, Inc. will post 1.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MANH shares. StockNews.com downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. Rosenblatt Securities cut their price target on Manhattan Associates from $165.00 to $150.00 and set a “buy” rating for the company in a report on Friday, July 22nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Manhattan Associates currently has a consensus rating of “Moderate Buy” and an average price target of $178.75.

Insider Buying and Selling

In related news, VP Bruce Richards sold 2,160 shares of the company’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $148.30, for a total transaction of $320,328.00. Following the completion of the sale, the vice president now directly owns 14,257 shares of the company’s stock, valued at approximately $2,114,313.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, VP Bruce Richards sold 2,160 shares of the company’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $148.30, for a total transaction of $320,328.00. Following the completion of the sale, the vice president now directly owns 14,257 shares of the company’s stock, valued at approximately $2,114,313.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Linda T. Hollembaek sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $140.00, for a total transaction of $140,000.00. Following the sale, the director now directly owns 9,944 shares of the company’s stock, valued at $1,392,160. The disclosure for this sale can be found here. In the last three months, insiders sold 18,160 shares of company stock valued at $2,576,378. Company insiders own 0.78% of the company’s stock.

Manhattan Associates Company Profile

(Get Rating)

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It 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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