Fifth Third Bancorp Sells 84 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Fifth Third Bancorp lessened its stake in Manhattan Associates, Inc. (NASDAQ:MANHGet Rating) by 22.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 296 shares of the software maker’s stock after selling 84 shares during the period. Fifth Third Bancorp’s holdings in Manhattan Associates were worth $39,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Raymond James & Associates grew its position in Manhattan Associates by 225.1% in the 3rd quarter. Raymond James & Associates now owns 187,114 shares of the software maker’s stock worth $24,892,000 after purchasing an additional 129,550 shares during the period. Pembroke Management LTD bought a new stake in Manhattan Associates in the 3rd quarter worth approximately $4,999,000. Whittier Trust Co. grew its position in Manhattan Associates by 101.4% in the 3rd quarter. Whittier Trust Co. now owns 294 shares of the software maker’s stock worth $39,000 after purchasing an additional 148 shares during the period. Mayflower Financial Advisors LLC bought a new stake in Manhattan Associates in the 3rd quarter worth approximately $203,000. Finally, Louisiana State Employees Retirement System bought a new stake in Manhattan Associates in the 3rd quarter worth approximately $2,222,000. Institutional investors own 96.92% of the company’s stock.

Analyst Upgrades and Downgrades

MANH has been the subject of a number of recent research reports. Robert W. Baird cut their price objective on shares of Manhattan Associates to $161.00 in a research report on Wednesday, December 14th. StockNews.com raised shares of Manhattan Associates from a “hold” rating to a “buy” rating in a research report on Thursday, October 27th.

Manhattan Associates Price Performance

Shares of MANH stock opened at $122.40 on Friday. The company has a market cap of $7.64 billion, a price-to-earnings ratio of 69.55 and a beta of 1.64. The firm has a fifty day moving average price of $120.68 and a 200-day moving average price of $128.13. Manhattan Associates, Inc. has a 1 year low of $106.02 and a 1 year high of $155.81.

Manhattan Associates (NASDAQ:MANHGet Rating) last issued its earnings results on Tuesday, October 25th. The software maker reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.09. The company had revenue of $198.10 million during the quarter, compared to the consensus estimate of $185.76 million. Manhattan Associates had a net margin of 15.08% and a return on equity of 51.06%. Manhattan Associates’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 EPS. Equities research analysts expect that Manhattan Associates, Inc. will post 1.68 EPS for the current year.

Manhattan Associates Profile

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Manhattan Associates, Inc engages in designing, building and delivering supply chain commerce solutions by converging front-end sales with back-end supply chain. It operates through the following geographical segments: The Americas, Europe, Middle East and Africa and Asia Pacific. The company was founded by Deepak Raghavan in October 1990 and is headquartered in Atlanta, GA.

See Also

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

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