King Luther Capital Management Corp lowered its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 44.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,875 shares of the software maker’s stock after selling 25,930 shares during the period. King Luther Capital Management Corp’s holdings in Manhattan Associates were worth $1,367,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. World Asset Management Inc increased its position in Manhattan Associates by 0.4% during the 2nd quarter. World Asset Management Inc now owns 5,015 shares of the software maker’s stock valued at $241,000 after buying an additional 19 shares in the last quarter. Alps Advisors Inc. boosted its stake in Manhattan Associates by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 9,559 shares of the software maker’s stock valued at $459,000 after purchasing an additional 25 shares during the last quarter. Stephens Inc. AR boosted its stake in Manhattan Associates by 0.5% during the 2nd quarter. Stephens Inc. AR now owns 6,086 shares of the software maker’s stock valued at $292,000 after purchasing an additional 32 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Manhattan Associates by 11.9% during the 2nd 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 last quarter. Finally, Northwestern Mutual Investment Management Company LLC boosted its stake in Manhattan Associates by 2.7% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 12,454 shares of the software maker’s stock valued at $799,000 after purchasing an additional 322 shares during the last quarter.

In other Manhattan Associates news, CEO Eddie Capel sold 23,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $42.04, for a total transaction of $966,920.00. Following the sale, the chief executive officer now directly owns 180,057 shares of the company’s stock, valued at $7,569,596.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.01% of the stock is owned by company insiders.

Manhattan Associates, Inc. (NASDAQ:MANH) opened at $45.01 on Friday. The firm has a market capitalization of $3,013.07, a price-to-earnings ratio of 24.69 and a beta of 1.15. Manhattan Associates, Inc. has a 52-week low of $40.75 and a 52-week high of $55.74.

Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, October 24th. The software maker reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.02. The company had revenue of $152.88 million for the quarter, compared to the consensus estimate of $150.30 million. Manhattan Associates had a return on equity of 74.19% and a net margin of 20.38%. Manhattan Associates’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.50 earnings per share. analysts expect that Manhattan Associates, Inc. will post 1.75 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on MANH shares. SunTrust Banks upgraded Manhattan Associates from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. Zacks Investment Research upgraded Manhattan Associates from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, KeyCorp restated a “hold” rating on shares of Manhattan Associates in a research note on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $65.00.

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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.

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

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