Aggressive’ Bullish Options Activity Seen in Manhattan Associates, Inc.

 Aggressive' Bullish Options Activity Seen in Manhattan Associates, Inc.

In today’s session Manhattan Associates, Inc. (MANH) registered an unusually high (207) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious MANH increase. With 207 contracts traded and 5914 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: MANH161021C00060000 closed last at: $1.25 or 19% up. About 50,322 shares traded hands. Manhattan Associates, Inc. (NASDAQ:MANH) has declined 0.66% since March 7, 2016 and is downtrending. It has underperformed by 8.25% the S&P500.

Analysts await Manhattan Associates, Inc. (NASDAQ:MANH) to report earnings on October, 18. They expect $0.43 EPS, up 13.16% or $0.05 from last year’s $0.38 per share. MANH’s profit will be $30.70 million for 33.88 P/E if the $0.43 EPS becomes a reality. After $0.46 actual EPS reported by Manhattan Associates, Inc. for the previous quarter, Wall Street now forecasts -6.52% negative EPS growth.

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

Out of 5 analysts covering Manhattan Assoc (NASDAQ:MANH), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. $80 is the highest target while $67 is the lowest. The $75.50 average target is 29.57% above today’s ($58.27) stock price. Manhattan Assoc has been the topic of 7 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock of Manhattan Associates, Inc. (NASDAQ:MANH) has “Buy” rating given on Tuesday, January 12 by Brean Capital. As per Tuesday, September 29, the company rating was initiated by William Blair. Benchmark maintained the shares of MANH in a report on Wednesday, July 22 with “Buy” rating. William Blair downgraded the shares of MANH in a report on Thursday, April 28 to “Market Perform” rating. The rating was maintained by Benchmark on Wednesday, October 21 with “Buy”. Lake Street initiated it with “Buy” rating and $80 target price in Monday, October 19 report.

According to Zacks Investment Research, “Manhattan Associates is a leading provider of technology-based solutions to improve supply chain effectiveness and efficiencies. The company’s solutions enhance distribution efficiencies through the integration of supply chain constituents, including manufacturers, distributors, retailers, suppliers, transportation providers and end consumers. Their solutions consist of software; services, including design, configuration, implementation, and training services, plus customer support and software upgrades; and hardware.”

Insitutional Activity: The institutional sentiment decreased to 0.97 in 2016 Q2. Its down 0.03, from 1 in 2016Q1. The ratio is negative, as 32 funds sold all Manhattan Associates, Inc. shares owned while 122 reduced positions. 55 funds bought stakes while 95 increased positions. They now own 68.02 million shares or 7.32% less from 73.39 million shares in 2016Q1.
Thrivent For Lutherans holds 0.03% of its portfolio in Manhattan Associates, Inc. (NASDAQ:MANH) for 86,509 shares. Guggenheim Cap Ltd Llc holds 184,019 shares or 0.04% of its portfolio. The Connecticut-based Aqr Limited Liability has invested 0.06% in Manhattan Associates, Inc. (NASDAQ:MANH). Bank Of Hawaii accumulated 0.03% or 4,520 shares. Axa last reported 484,945 shares in the company. The Massachusetts-based Boston Advisors Limited Liability Com has invested 0.03% in Manhattan Associates, Inc. (NASDAQ:MANH). Cibc Asset Management Incorporated holds 25,372 shares or 0.01% of its portfolio. Oregon Public Employees Retirement Fund holds 24,637 shares or 0.04% of its portfolio. Fred Alger Management Inc, a New York-based fund reported 309,632 shares. Numeric Invsts last reported 102,500 shares in the company. Independent Portfolio Consultants, a Florida-based fund reported 1,165 shares. Allianz Asset Management Ag, a Germany-based fund reported 205,528 shares. Smith Howard Wealth Management Limited Liability has invested 0.66% of its portfolio in Manhattan Associates, Inc. (NASDAQ:MANH). Moreover, Century Management Ltd Llc has 0.5% invested in Manhattan Associates, Inc. (NASDAQ:MANH) for 70,250 shares. Robeco Institutional Asset Mngmt Bv has 33,154 shares for 0.02% of their US portfolio.

Insider Transactions: Since April 22, 2016, the stock had 0 buys, and 2 sales for $2.52 million net activity. Shares for $1.19 million were sold by CASSIDY BRIAN J on Tuesday, June 7. Shares for $1.33M were sold by Capel Eddie on Friday, April 22.

Manhattan Associates, Inc. is a developer and well-known provider of supply chain commerce solutions. The company has a market cap of $4.16 billion. The Firm has three geographical divisions: the Americas, Europe, Middle East and Africa (EMEA), and the Asia Pacific (APAC). It has a 37.02 P/E ratio. It is engaged in developing, selling, deploying, servicing and maintaining software solutions designed to manage supply chains, inventory and omni-channel activities for retailers, wholesalers, manufacturers, logistics providers and other organizations.

MANH Company Profile

Manhattan Associates, Inc. (Manhattan), incorporated on February 24, 1998, is a developer and well-known provider of supply chain commerce solutions. The Firm has three geographical divisions: the Americas, Europe, Middle East and Africa (EMEA), and the Asia Pacific (APAC). It is engaged in developing, selling, deploying, servicing and maintaining software solutions designed to manage supply chains, inventory and omni-channel activities 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 from planning through execution. The Company’s 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.

More recent Manhattan Associates, Inc. (NASDAQ:MANH) news were published by: Fool.com which released: “Why Manhattan Associates, Inc. Shares Jumped Today” on April 20, 2016. Also Businesswire.com published the news titled: “ProShip, Inc. Announces Partnership with Manhattan Associates” on June 13, 2016. Streetinsider.com‘s news article titled: “Manhattan Associates, Inc. (MANH) Appoints New CFO” with publication date: August 01, 2016 was also an interesting one.

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