Amalgamated Bank increased its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 21.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,046 shares of the software maker’s stock after acquiring an additional 2,524 shares during the quarter. Amalgamated Bank’s holdings in Manhattan Associates were worth $675,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. boosted its stake in Manhattan Associates by 41.1% during 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 buying an additional 726 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Manhattan Associates by 11.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,554 shares of the software maker’s stock worth $123,000 after buying an additional 271 shares in the last quarter. TrimTabs Asset Management LLC increased its stake in Manhattan Associates by 105.3% in the 2nd 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 during the last quarter. Riverhead Capital Management LLC increased its stake in Manhattan Associates by 79.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,760 shares of the software maker’s stock worth $181,000 after acquiring an additional 1,660 shares during the last quarter. Finally, Lloyds Banking Group plc increased its stake in Manhattan Associates by 62.0% in the 2nd 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 during the last quarter.

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MANH has been the topic of several recent analyst reports. BidaskClub raised Manhattan Associates from a “sell” rating to a “hold” rating in a report on Friday, June 16th. Zacks Investment Research upgraded Manhattan Associates from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Finally, SunTrust Banks, Inc. began coverage on Manhattan Associates in a report on Monday, June 26th. They set 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 assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $59.50.

Shares of Manhattan Associates, Inc. (NASDAQ MANH) opened at 41.57 on Monday. The stock’s 50 day moving average is $42.67 and its 200 day moving average is $46.39. Manhattan Associates, Inc. has a 52-week low of $40.83 and a 52-week high of $59.60. The stock has a market cap of $2.87 billion, a PE ratio of 24.02 and a beta of 1.12.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Thursday, July 20th. The software maker reported $0.50 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $153.80 million. During the same period in the previous year, the firm earned $0.49 EPS. The firm’s revenue was down .5% compared to the same quarter last year. Equities research analysts forecast that Manhattan Associates, Inc. will post $1.87 earnings per share for the current year.

Manhattan Associates 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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