Glenmede Trust Co. NA maintained its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,929 shares of the software maker’s stock at the end of the first quarter. Glenmede Trust Co. NA’s holdings in Manhattan Associates were worth $578,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of MANH. Advantus Capital Management Inc increased its position in Manhattan Associates by 1.9% in the first quarter. Advantus Capital Management Inc now owns 9,013 shares of the software maker’s stock valued at $469,000 after buying an additional 166 shares during the period. Genesee Valley Trust Co. increased 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 valued at $327,000 after buying an additional 171 shares during the period. Louisiana State Employees Retirement System increased 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 valued at $926,000 after buying an additional 200 shares during the period. Oregon Public Employees Retirement Fund increased 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 valued at $1,339,000 after buying an additional 300 shares during the period. Finally, Liberty Mutual Group Asset Management Inc. increased its position in shares of Manhattan Associates by 1.0% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 31,750 shares of the software maker’s stock valued at $1,652,000 after buying an additional 318 shares during the last quarter.

Manhattan Associates, Inc. (NASDAQ:MANH) traded down 0.21% during mid-day trading on Friday, reaching $43.74. The company’s stock had a trading volume of 358,861 shares. The firm has a 50-day moving average of $46.52 and a 200 day moving average of $48.22. Manhattan Associates, Inc. has a 1-year low of $42.50 and a 1-year high of $62.14. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 25.27 and a beta of 1.15.

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

Manhattan Associates declared that its Board of Directors has initiated a stock buyback program on Thursday, April 20th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the software maker to repurchase up to 1.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

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MANH has been the subject of several analyst reports. Zacks Investment Research raised shares of Manhattan Associates from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Thursday, April 27th. Benchmark Co. downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. BidaskClub downgraded shares of Manhattan Associates from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Finally, SunTrust Banks, Inc. initiated coverage on shares of Manhattan Associates in a research note on Monday, June 26th. They issued a “hold” rating and a $45.00 target price for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $59.50.

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.

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

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