Keybank National Association OH trimmed its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 3.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,456 shares of the software maker’s stock after selling 197 shares during the quarter. Keybank National Association OH’s holdings in Manhattan Associates were worth $310,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Manhattan Associates by 11.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,554 shares of the software maker’s stock worth $123,000 after acquiring an additional 271 shares in the last quarter. TrimTabs Asset Management LLC boosted its holdings in Manhattan Associates by 105.3% in the second quarter. TrimTabs Asset Management LLC now owns 3,761 shares of the software maker’s stock worth $181,000 after acquiring an additional 1,929 shares in the last quarter. Lloyds Banking Group plc boosted its holdings in Manhattan Associates by 62.0% in the second quarter. Lloyds Banking Group plc now owns 3,934 shares of the software maker’s stock worth $189,000 after acquiring an additional 1,505 shares in the last quarter. Investment Centers of America Inc. bought a new stake in Manhattan Associates in the first quarter worth $222,000. Finally, M&T Bank Corp bought a new stake in Manhattan Associates in the first quarter worth $225,000.

Several equities research analysts have commented on the company. BidaskClub raised Manhattan Associates from a “sell” rating to a “hold” rating in a report on Friday, June 16th. Zacks Investment Research raised Manhattan Associates from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Thursday, June 15th. Finally, SunTrust Banks, Inc. assumed coverage on Manhattan Associates in a report on Monday, June 26th. They issued a “hold” rating and a $45.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $59.50.

Shares of Manhattan Associates, Inc. (MANH) opened at 42.22 on Thursday. The firm has a 50-day moving average price of $42.81 and a 200 day moving average price of $46.65. Manhattan Associates, Inc. has a 12-month low of $40.83 and a 12-month high of $59.76. The company has a market capitalization of $2.91 billion, a P/E ratio of 24.39 and a beta of 1.16.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Thursday, July 20th. The software maker reported $0.50 earnings per share (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 business had revenue of $154.10 million for the quarter, compared to the consensus estimate of $153.80 million. During the same period last year, the business posted $0.49 EPS. The business’s revenue was down .5% compared to the same quarter last year. On average, equities research analysts predict that Manhattan Associates, Inc. will post $1.87 earnings per share for the current year.

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Manhattan Associates Company Profile

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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