LS Investment Advisors LLC decreased its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 2.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,754 shares of the software maker’s stock after selling 131 shares during the period. LS Investment Advisors LLC’s holdings in Manhattan Associates were worth $247,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MANH. Renaissance Group LLC raised its stake in Manhattan Associates by 0.6% in the fourth quarter. Renaissance Group LLC now owns 4,775 shares of the software maker’s stock worth $253,000 after buying an additional 28 shares during the period. Genesee Valley Trust Co. boosted its position in Manhattan Associates by 2.8% in the first quarter. Genesee Valley Trust Co. now owns 6,298 shares of the software maker’s stock worth $327,000 after buying an additional 171 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Manhattan Associates by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the software maker’s stock worth $926,000 after buying an additional 200 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in Manhattan Associates by 1.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 25,734 shares of the software maker’s stock worth $1,339,000 after buying an additional 300 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in Manhattan Associates by 12.3% in the third quarter. Pacer Advisors Inc. now owns 5,606 shares of the software maker’s stock worth $323,000 after buying an additional 612 shares in the last quarter.

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

Manhattan Associates, Inc. (NASDAQ:MANH) traded up 0.51% during midday trading on Friday, reaching $47.11. 616,280 shares of the company’s stock were exchanged. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 27.04 and a beta of 1.11. Manhattan Associates, Inc. has a 52 week low of $44.83 and a 52 week high of $68.00. The firm’s 50 day moving average is $46.59 and its 200 day moving average is $49.62.

Manhattan Associates (NASDAQ:MANH) last issued its earnings results on Thursday, April 20th. The software maker reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. Manhattan Associates had a return on equity of 73.76% and a net margin of 20.89%. The business had revenue of $143.49 million during the quarter, compared to the consensus estimate of $146.49 million. During the same period last year, the company earned $0.42 EPS. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, equities analysts anticipate that Manhattan Associates, Inc. will post $1.90 earnings per share for the current year.

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A number of equities research analysts have recently issued reports on MANH shares. Zacks Investment Research raised shares of Manhattan Associates from a “sell” rating to a “hold” rating in a research note on Wednesday, April 5th. BidaskClub cut shares of Manhattan Associates from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Finally, Benchmark Co. lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Friday, April 21st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $66.75.

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.

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