Is there a Bearish outlook for Manhattan Associates, Inc. (NASDAQ:MANH) this week?

September 30, 2018 - By Catherine Diaz

Manhattan Associates, Inc. (NASDAQ:MANH) LogoInvestors sentiment decreased to 0.58 in 2018 Q2. Its down 0.68, from 1.26 in 2018Q1. It dropped, as 30 investors sold Manhattan Associates, Inc. shares while 104 reduced holdings. 27 funds opened positions while 51 raised stakes. 68.18 million shares or 4.47% less from 71.38 million shares in 2018Q1 were reported.
Oregon Pub Employees Retirement Fund owns 0.02% invested in Manhattan Associates, Inc. (NASDAQ:MANH) for 26,109 shares. Connor Clark And Lunn Invest Mgmt holds 16,575 shares or 0% of its portfolio. State Bank Of New York Mellon has 1.47M shares for 0.02% of their portfolio. Mariner Wealth has 0.01% invested in Manhattan Associates, Inc. (NASDAQ:MANH). Mackay Shields Limited Liability reported 76,032 shares or 0.02% of all its holdings. Moreover, Wilkins Inv Counsel has 0.08% invested in Manhattan Associates, Inc. (NASDAQ:MANH) for 5,550 shares. Aqr Cap Mngmt Limited Co holds 882,818 shares. Moreover, Jpmorgan Chase has 0.02% invested in Manhattan Associates, Inc. (NASDAQ:MANH). State Teachers Retirement Sys has 0.01% invested in Manhattan Associates, Inc. (NASDAQ:MANH) for 114,483 shares. Los Angeles Cap & Equity Research, California-based fund reported 9,102 shares. Gsa Capital Prns Llp stated it has 0.09% in Manhattan Associates, Inc. (NASDAQ:MANH). Financial Architects Inc reported 225 shares. Piermont Capital Mngmt Incorporated holds 7,120 shares. Deutsche Bank Ag holds 352,595 shares or 0.01% of its portfolio. 18,036 are held by Commonwealth Of Pennsylvania Pub School Empls Retrmt.

Since May 4, 2018, it had 0 insider purchases, and 3 selling transactions for $963,272 activity. 2,000 shares were sold by HUNTZ JOHN J JR, worth $112,846. The insider STORY DENNIS B sold 16,280 shares worth $702,108.

Manhattan Associates, Inc. (NASDAQ:MANH) Ratings Coverage

Among 2 analysts covering Manhattan Associates (NASDAQ:MANH), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Manhattan Associates had 2 analyst reports since June 15, 2018 according to SRatingsIntel. The company was upgraded on Friday, June 15 by Benchmark. SunTrust downgraded the shares of MANH in report on Wednesday, September 26 to “Hold” rating. Below is a list of Manhattan Associates, Inc. (NASDAQ:MANH) latest ratings and price target changes.

26/09/2018 Broker: SunTrust Old Rating: Buy New Rating: Hold Downgrade
15/06/2018 Broker: Benchmark Old Rating: Hold New Rating: Buy Old Target: $65 Upgrade

The stock decreased 0.62% or $0.34 during the last trading session, reaching $54.6. About 387,208 shares traded. Manhattan Associates, Inc. (NASDAQ:MANH) has risen 39.34% since September 30, 2017 and is uptrending. It has outperformed by 23.72% the S&P500.

Manhattan Associates, Inc. develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel activities for retailers, wholesalers, manufacturers, logistics providers, and other organizations. The company has market cap of $3.59 billion. The firm operates in three divisions: the Americas; Europe, Middle East and Africa; and Asia Pacific. It has a 34.54 P/E ratio. It provides supply chain solutions, such as distribution management, transportation management, and visibility solutions; omni-channel central and local solutions; and inventory optimization and planning solutions.

More recent Manhattan Associates, Inc. (NASDAQ:MANH) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For September 26, 2018” on September 26, 2018. Also Nasdaq.com published the news titled: “Manhattan Associates Named a Leader in the Industry’s Top Order Management System Evaluation” on September 24, 2018. Seekingalpha.com‘s news article titled: “Premarket analyst action” with publication date: September 26, 2018 was also an interesting one.

Manhattan Associates, Inc. (NASDAQ:MANH) Institutional Positions Chart

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