1,890 Shares in Manhattan Associates, Inc. (NASDAQ:MANH) Acquired by Kowal Investment Group LLC

Kowal Investment Group LLC acquired a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) in the third quarter, HoldingsChannel.com reports. The firm acquired 1,890 shares of the software maker’s stock, valued at approximately $532,000.

Several other large investors have also recently added to or reduced their stakes in MANH. Tobam acquired a new stake in Manhattan Associates in the first quarter worth about $25,000. Innealta Capital LLC bought a new position in shares of Manhattan Associates in the second quarter valued at approximately $26,000. Benjamin Edwards Inc. acquired a new position in shares of Manhattan Associates during the first quarter valued at approximately $27,000. International Assets Investment Management LLC bought a new stake in Manhattan Associates during the second quarter worth approximately $27,000. Finally, Contravisory Investment Management Inc. acquired a new stake in Manhattan Associates in the first quarter worth approximately $31,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Manhattan Associates Trading Up 0.7 %

NASDAQ MANH opened at $303.36 on Thursday. The company has a market capitalization of $18.68 billion, a PE ratio of 99.14 and a beta of 1.50. Manhattan Associates, Inc. has a 1-year low of $182.97 and a 1-year high of $307.50. The firm’s fifty day simple moving average is $269.82 and its 200-day simple moving average is $244.88.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Tuesday, July 23rd. The software maker reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.22. The firm had revenue of $265.30 million for the quarter, compared to analyst estimates of $255.83 million. Manhattan Associates had a net margin of 20.54% and a return on equity of 84.54%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 earnings per share. As a group, analysts predict that Manhattan Associates, Inc. will post 3.01 EPS for the current year.

Insider Activity at Manhattan Associates

In other Manhattan Associates news, EVP James Stewart Gantt sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $256.50, for a total transaction of $1,539,000.00. Following the completion of the sale, the executive vice president now owns 46,287 shares of the company’s stock, valued at $11,872,615.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MANH shares. Citigroup boosted their price objective on Manhattan Associates from $257.00 to $287.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Loop Capital increased their target price on shares of Manhattan Associates from $265.00 to $285.00 and gave the company a “buy” rating in a research note on Monday, September 16th. DA Davidson lifted their target price on Manhattan Associates from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. StockNews.com lowered Manhattan Associates from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Truist Financial upped their price target on Manhattan Associates from $275.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $271.71.

Manhattan Associates Profile

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Warehouse Management Solution for managing goods and information across the distribution centers; Manhattan Active Warehouse Management, a cloud native and version less application for the associate; and Transportation Management Solution for helping shippers navigate their way through the demands and meet customer service expectations at the lowest possible freight costs; Manhattan SCALE, a portfolio of logistics execution solution; and Manhattan Active Omni, which offers order management, store inventory and fulfillment, POS, and customer engagement tools for enterprises and stores.