American Capital Management Inc. decreased its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 1.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,390,664 shares of the software maker’s stock after selling 15,283 shares during the period. Manhattan Associates accounts for about 4.1% of American Capital Management Inc.’s investment portfolio, making the stock its 5th biggest holding. American Capital Management Inc.’s holdings in Manhattan Associates were worth $68,893,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MANH. Zions Bancorporation acquired a new stake in shares of Manhattan Associates during the 3rd quarter valued at $128,000. Victory Capital Management Inc. acquired a new stake in shares of Manhattan Associates during the 3rd quarter valued at $168,000. Riverhead Capital Management LLC boosted its stake in shares of Manhattan Associates by 79.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,760 shares of the software maker’s stock valued at $181,000 after buying an additional 1,660 shares during the period. Wilkins Investment Counsel Inc. acquired a new stake in shares of Manhattan Associates during the 3rd quarter valued at $212,000. Finally, Suntrust Banks Inc. acquired a new stake in shares of Manhattan Associates during the 2nd quarter valued at $236,000.

A number of equities research analysts have issued reports on MANH shares. Zacks Investment Research raised shares of Manhattan Associates from a “sell” rating to a “hold” rating in a research note on Saturday, November 18th. BidaskClub raised shares of Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. SunTrust Banks raised shares of Manhattan Associates from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. Finally, KeyCorp reissued 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, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Manhattan Associates currently has a consensus rating of “Hold” and an average price target of $60.00.

In related news, CEO Eddie Capel sold 23,000 shares of Manhattan Associates stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $42.04, for a total value of $966,920.00. Following the transaction, the chief executive officer now owns 180,057 shares in the company, valued at approximately $7,569,596.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.01% of the stock is currently owned by insiders.

Manhattan Associates, Inc. (NASDAQ:MANH) traded up $0.39 during mid-day trading on Tuesday, hitting $53.82. 442,400 shares of the company traded hands, compared to its average volume of 493,457. Manhattan Associates, Inc. has a 1-year low of $40.75 and a 1-year high of $53.86. The firm has a market cap of $3,683.10, a price-to-earnings ratio of 30.93 and a beta of 1.15.

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

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

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