Manhattan Associates (MANH) : American Capital Management Inc scooped up 615 additional shares in Manhattan Associates during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 1,335,792 shares of Manhattan Associates which is valued at $77,849,958.Manhattan Associates makes up approximately 6.22% of American Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Jennison Associates reduced its stake in MANH by selling 2,090 shares or 6.64% in the most recent quarter. The Hedge Fund company now holds 29,390 shares of MANH which is valued at $1,712,849.World Asset Management Inc reduced its stake in MANH by selling 27 shares or 0.76% in the most recent quarter. The Hedge Fund company now holds 3,545 shares of MANH which is valued at $206,603. Manhattan Associates makes up approx 0.01% of World Asset Management Inc’s portfolio.Ngam Advisors boosted its stake in MANH in the latest quarter, The investment management firm added 12,837 additional shares and now holds a total of 24,952 shares of Manhattan Associates which is valued at $1,454,203. Manhattan Associates makes up approx 0.02% of Ngam Advisors’s portfolio. Washington Trust Bank added MANH to its portfolio by purchasing 74 company shares during the most recent quarter which is valued at $4,979.
Manhattan Associates closed down -0.46 points or -0.78% at $58.53 with 7,33,946 shares getting traded on Monday. Post opening the session at $59.12, the shares hit an intraday low of $58 and an intraday high of $59.165 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Manhattan Associates reported $0.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $0.44. The company had revenue of $154.89 million for the quarter, compared to analysts expectations of $153.71 million. The company’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 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.