SG Americas Securities LLC Sells 6,731 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

SG Americas Securities LLC cut its position in shares of Manhattan Associates, Inc. (NASDAQ:MANHGet Rating) by 47.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,349 shares of the software maker’s stock after selling 6,731 shares during the quarter. SG Americas Securities LLC’s holdings in Manhattan Associates were worth $978,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MANH. Private Trust Co. NA bought a new position in shares of Manhattan Associates during the second quarter worth about $30,000. Harbor Investment Advisory LLC bought a new position in Manhattan Associates in the second quarter valued at approximately $33,000. Castle Wealth Management LLC bought a new position in Manhattan Associates in the second quarter valued at approximately $35,000. Quadrant Capital Group LLC grew its stake in Manhattan Associates by 168.4% in the second quarter. Quadrant Capital Group LLC now owns 314 shares of the software maker’s stock valued at $36,000 after purchasing an additional 197 shares in the last quarter. Finally, Eagle Bay Advisors LLC bought a new position in Manhattan Associates in the second quarter valued at approximately $36,000. 96.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MANH has been the subject of a number of analyst reports. Robert W. Baird decreased their price target on Manhattan Associates to $161.00 in a research note on Wednesday, December 14th. upgraded Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Thursday, October 27th.

Manhattan Associates Trading Down 0.7 %

Shares of NASDAQ MANH opened at $122.40 on Thursday. Manhattan Associates, Inc. has a 12 month low of $106.02 and a 12 month high of $155.81. The stock has a 50 day moving average of $121.43 and a 200-day moving average of $128.35. The company has a market capitalization of $7.64 billion, a P/E ratio of 69.55 and a beta of 1.64.

Manhattan Associates (NASDAQ:MANHGet Rating) last issued its earnings results on Tuesday, October 25th. The software maker reported $0.47 EPS for the quarter, topping the consensus estimate of $0.38 by $0.09. Manhattan Associates had a return on equity of 51.06% and a net margin of 15.08%. The company had revenue of $198.10 million during the quarter, compared to the consensus estimate of $185.76 million. During the same period in the previous year, the company posted $0.57 EPS. The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. Analysts predict that Manhattan Associates, Inc. will post 1.68 EPS for the current fiscal year.

Manhattan Associates Company Profile

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Manhattan Associates, Inc engages in designing, building and delivering supply chain commerce solutions by converging front-end sales with back-end supply chain. It operates through the following geographical segments: The Americas, Europe, Middle East and Africa and Asia Pacific. The company was founded by Deepak Raghavan in October 1990 and is headquartered in Atlanta, GA.

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

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