Sta Wealth Management adds Manhattan Associates (MANH) to its portfolio

Manhattan Associates (MANH) : Sta Wealth Management added new position in Manhattan Associates during the most recent quarter end. The investment management firm now holds 9,386 shares of Manhattan Associates which is valued at $484,505 , the company said in a statement filed on Nov 14, 2016 with the SEC.Manhattan Associates makes up approximately 0.21% of Sta Wealth Management’s portfolio.

Other Hedge Funds, Including , Millennium Management boosted its stake in MANH in the latest quarter, The investment management firm added 165,604 additional shares and now holds a total of 455,534 shares of Manhattan Associates which is valued at $23,514,665. Manhattan Associates makes up approx 0.05% of Millennium Management’s portfolio.Dimensional Fund Advisors Lp reduced its stake in MANH by selling 26,248 shares or 4.61% in the most recent quarter. The Hedge Fund company now holds 543,170 shares of MANH which is valued at $28,929,234. Manhattan Associates makes up approx 0.02% of Dimensional Fund Advisors Lp’s portfolio.Blackrock Japan Ltd boosted its stake in MANH in the latest quarter, The investment management firm added 6,792 additional shares and now holds a total of 37,175 shares of Manhattan Associates which is valued at $1,905,591. Manhattan Associates makes up approx 0.01% of Blackrock Japan Ltd’s portfolio.Swiss National Bank reduced its stake in MANH by selling 5,500 shares or 4.53% in the most recent quarter. The Hedge Fund company now holds 115,920 shares of MANH which is valued at $5,942,059. Manhattan Associates makes up approx 0.01% of Swiss National Bank’s portfolio.First Trust Advisors Lp boosted its stake in MANH in the latest quarter, The investment management firm added 80,297 additional shares and now holds a total of 85,303 shares of Manhattan Associates which is valued at $4,262,591. Manhattan Associates makes up approx 0.01% of First Trust Advisors Lp’s portfolio.

Manhattan Associates closed down -0.51 points or -0.95% at $53.42 with 4,31,348 shares getting traded on Monday. Post opening the session at $53.95, the shares hit an intraday low of $53.19 and an intraday high of $53.95 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 $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Oct 18, 2016. Analyst had a consensus of $0.46. The company had revenue of $152.21 million for the quarter, compared to analysts expectations of $156.14 million. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 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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