Bamco Inc. NY Has $2,776,000 Position in Manhattan Associates, Inc. (MANH)
Bamco Inc. NY maintained its position in Manhattan Associates, Inc. (NASDAQ:MANH) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,757 shares of the software maker’s stock at the close of the second quarter. Bamco Inc. NY owned 0.08% of Manhattan Associates worth $2,776,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in Manhattan Associates by 14,241.7% during the 1st quarter. BlackRock Inc. now owns 5,768,519 shares of the software maker’s stock worth $300,250,000 after purchasing an additional 5,728,297 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in Manhattan Associates by 219.8% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,868,470 shares of the software maker’s stock valued at $89,799,000 after purchasing an additional 1,284,125 shares in the last quarter. MARSHALL WACE ASIA Ltd acquired a new stake in Manhattan Associates in the 1st quarter valued at about $61,060,000. Marshall Wace North America L.P. acquired a new stake in Manhattan Associates in the 1st quarter valued at about $61,060,000. Finally, Wells Fargo & Company MN raised its position in Manhattan Associates by 116.2% in the 2nd quarter. Wells Fargo & Company MN now owns 1,066,350 shares of the software maker’s stock valued at $51,249,000 after purchasing an additional 573,226 shares in the last quarter.
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Shares of Manhattan Associates, Inc. (MANH) opened at 43.20 on Tuesday. Manhattan Associates, Inc. has a one year low of $40.83 and a one year high of $59.60. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 24.96 and a beta of 1.12. The stock has a 50 day moving average of $42.57 and a 200-day moving average of $45.93.
Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Thursday, July 20th. The software maker reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.02. The company had revenue of $154.10 million during the quarter, compared to the consensus estimate of $153.80 million. Manhattan Associates had a net margin of 20.55% and a return on equity of 75.58%. Manhattan Associates’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the company earned $0.49 earnings per share. On average, equities analysts anticipate that Manhattan Associates, Inc. will post $1.87 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Manhattan Associates from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Thursday, June 15th. SunTrust Banks, Inc. raised Manhattan Associates from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Tuesday. They noted that the move was a valuation call. Finally, BidaskClub upgraded shares of Manhattan Associates from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $62.00.
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.
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