Manhattan Associates (MANH) : Parametrica Management Ltd added new position in Manhattan Associates during the most recent quarter end. The investment management firm now holds 5,898 shares of Manhattan Associates which is valued at $338,014 , the company said in a statement filed on Oct 13, 2016 with the SEC.Manhattan Associates makes up approximately 0.96% of Parametrica Management Ltd’s portfolio.
Other Hedge Funds, Including , Fox Run Management L.l.c. sold out all of its stake in MANH during the most recent quarter. The investment firm sold 8,600 shares of MANH which is valued $481,514.Eagle Asset Management Inc reduced its stake in MANH by selling 39,147 shares or 4.12% in the most recent quarter. The Hedge Fund company now holds 910,146 shares of MANH which is valued at $50,959,075. Manhattan Associates makes up approx 0.35% of Eagle Asset Management Inc’s portfolio. Genesee Valley Trust Co added MANH to its portfolio by purchasing 4,851 company shares during the most recent quarter which is valued at $271,607. Manhattan Associates makes up approx 0.18% of Genesee Valley Trust Co’s portfolio.Weaver C. Barksdale Associates boosted its stake in MANH in the latest quarter, The investment management firm added 11 additional shares and now holds a total of 48 shares of Manhattan Associates which is valued at $2,688.
Manhattan Associates closed down -2.09 points or -3.60% at $55.99 with 4,22,676 shares getting traded on Tuesday. Post opening the session at $57.92, the shares hit an intraday low of $55.98 and an intraday high of $58.2 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.