Charles Schwab Investment Management Inc. Has $33.13 Million Stock Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Charles Schwab Investment Management Inc. trimmed its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 1.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 477,778 shares of the software maker’s stock after selling 9,489 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Manhattan Associates were worth $33,125,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ increased its position in Manhattan Associates by 0.9% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 17,188 shares of the software maker’s stock valued at $1,192,000 after acquiring an additional 150 shares during the period. Allianz Asset Management GmbH increased its position in Manhattan Associates by 129.4% in the 2nd quarter. Allianz Asset Management GmbH now owns 58,902 shares of the software maker’s stock valued at $4,084,000 after acquiring an additional 33,222 shares during the period. Acadian Asset Management LLC increased its position in Manhattan Associates by 42.5% in the 2nd quarter. Acadian Asset Management LLC now owns 430,890 shares of the software maker’s stock valued at $29,872,000 after acquiring an additional 128,408 shares during the period. Janus Henderson Group PLC increased its position in Manhattan Associates by 194.7% in the 2nd quarter. Janus Henderson Group PLC now owns 132,523 shares of the software maker’s stock valued at $9,188,000 after acquiring an additional 87,547 shares during the period. Finally, Commerce Bank increased its position in Manhattan Associates by 35.7% in the 2nd quarter. Commerce Bank now owns 6,046 shares of the software maker’s stock valued at $419,000 after acquiring an additional 1,591 shares during the period.

In other news, Director John J. Huntz, Jr. sold 3,500 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $85.04, for a total transaction of $297,640.00. Following the completion of the sale, the director now directly owns 70,170 shares in the company, valued at $5,967,256.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Eddie Capel sold 40,000 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $87.48, for a total transaction of $3,499,200.00. Following the sale, the chief executive officer now owns 261,357 shares of the company’s stock, valued at $22,863,510.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,100 shares of company stock valued at $4,697,840. 0.68% of the stock is currently owned by corporate insiders.

MANH opened at $81.92 on Thursday. Manhattan Associates, Inc. has a twelve month low of $39.01 and a twelve month high of $89.53. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average of $83.80 and a 200-day moving average of $68.17. The stock has a market cap of $5.22 billion, a PE ratio of 51.85 and a beta of 1.46.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Tuesday, July 23rd. The software maker reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.17. Manhattan Associates had a net margin of 16.33% and a return on equity of 66.00%. The company had revenue of $154.30 million during the quarter, compared to analysts’ expectations of $146.00 million. During the same period in the prior year, the company posted $0.47 earnings per share. Manhattan Associates’s revenue for the quarter was up 8.7% compared to the same quarter last year. Sell-side analysts anticipate that Manhattan Associates, Inc. will post 1.11 EPS for the current fiscal year.

Several brokerages have issued reports on MANH. Rosenblatt Securities began coverage on shares of Manhattan Associates in a research report on Thursday, August 15th. They issued a “buy” rating and a $100.00 price target for the company. BidaskClub cut shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of Manhattan Associates from a “hold” rating to a “strong-buy” rating and set a $100.00 price target for the company in a research report on Thursday, August 1st. Benchmark restated a “buy” rating and issued a $90.00 price target (up from $75.00) on shares of Manhattan Associates in a research report on Wednesday, July 24th. Finally, SunTrust Banks upped their price target on shares of Manhattan Associates from $85.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $95.50.

About Manhattan Associates

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers, and other organizations. The company offers Manhattan SCALE, a portfolio of logistics execution solutions that provide trading partner management, yard management, optimization, warehouse management, and transportation execution services; and Manhattan Active, a set of enterprise and store omni-channel solutions.

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

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