American Capital Management Inc buys $80,831,616 stake in Manhattan Associates (MANH)

Manhattan Associates (MANH) : American Capital Management Inc scooped up 79,892 additional shares in Manhattan Associates during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 1,335,177 shares of Manhattan Associates which is valued at $80,831,616.Manhattan Associates makes up approximately 7.33% of American Capital Management Inc’s portfolio.

Manhattan Associates opened for trading at $60.95 and hit $61.78 on the upside on Monday, eventually ending the session at $61.39, with a gain of 1.40% or 0.85 points. The heightened volatility saw the trading volume jump to 7,01,087 shares. Company has a market cap of $4,428 M.

Other Hedge Funds, Including , Dock Street Asset Management Inc added MANH to its portfolio by purchasing 7,280 company shares during the most recent quarter which is valued at $481,354. Manhattan Associates makes up approx 0.45% of Dock Street Asset Management Inc’s portfolio.Boston Advisors boosted its stake in MANH in the latest quarter, The investment management firm added 5,205 additional shares and now holds a total of 17,211 shares of Manhattan Associates which is valued at $1,137,991. Manhattan Associates makes up approx 0.03% of Boston Advisors’s portfolio.Gemmer Asset Management reduced its stake in MANH by selling 41 shares or 20.81% in the most recent quarter. The Hedge Fund company now holds 156 shares of MANH which is valued at $8,940. Manhattan Associates makes up approx 0.01% of Gemmer Asset Management’s portfolio.

On the company’s financial health, Manhattan Associates reported $0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $0.39. The company had revenue of $149.90 million for the quarter, compared to analysts expectations of $145.46 million. The company’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

Manhattan Associates Inc. (Manhattan) is a developer and provider of supply chain commerce solutions. The Company 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. The Company’s solutions consist of software services and hardware which coordinate people workflows assets events and tasks across the functions linked in a supply chain. It offers its solutions in three areas: supply chain Omni-channel and inventory. Its solutions enable coordinating the actions data exchange and communication of participants in supply chain ecosystems such as manufacturers suppliers distributors trading partners transportation providers channels (such as catalogers store retailers and Web outlets) and consumers. It has operations in North America Europe and the Asia/Pacific region.

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