Kowal Investment Group LLC acquired a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH – Free Report) 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.
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.
Check Out Our Latest Stock Analysis on MANH
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.
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