Riverhead Capital Management LLC lifted its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 79.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,760 shares of the software maker’s stock after purchasing an additional 1,660 shares during the quarter. Riverhead Capital Management LLC’s holdings in Manhattan Associates were worth $181,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Manhattan Associates by 41.1% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,493 shares of the software maker’s stock valued at $120,000 after purchasing an additional 726 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Manhattan Associates by 11.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,554 shares of the software maker’s stock valued at $123,000 after purchasing an additional 271 shares during the period. TrimTabs Asset Management LLC grew its holdings in shares of Manhattan Associates by 105.3% in the second quarter. TrimTabs Asset Management LLC now owns 3,761 shares of the software maker’s stock valued at $181,000 after purchasing an additional 1,929 shares during the period. Lloyds Banking Group plc grew its holdings in shares of Manhattan Associates by 62.0% in the second quarter. Lloyds Banking Group plc now owns 3,934 shares of the software maker’s stock valued at $189,000 after purchasing an additional 1,505 shares during the period. Finally, Investment Centers of America Inc. purchased a new stake in shares of Manhattan Associates in the first quarter valued at about $222,000.

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Manhattan Associates, Inc. (NASDAQ:MANH) opened at 41.57 on Friday. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 24.02 and a beta of 1.16. Manhattan Associates, Inc. has a 52 week low of $40.83 and a 52 week high of $59.60. The firm’s 50-day moving average is $42.67 and its 200 day moving average is $46.39.

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

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