Manhattan Associates, Inc. (NASDAQ:MANH) Shares Sold by Kowal Investment Group LLC

Kowal Investment Group LLC lessened its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 32.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 930 shares of the software maker’s stock after selling 437 shares during the quarter. Kowal Investment Group LLC’s holdings in Manhattan Associates were worth $233,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in MANH. Blue Trust Inc. boosted its holdings in Manhattan Associates by 259.4% in the fourth quarter. Blue Trust Inc. now owns 115 shares of the software maker’s stock worth $25,000 after purchasing an additional 83 shares during the period. Bear Mountain Capital Inc. acquired a new stake in Manhattan Associates during the 4th quarter worth about $26,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Manhattan Associates during the 4th quarter worth about $26,000. Contravisory Investment Management Inc. acquired a new stake in Manhattan Associates during the 1st quarter worth about $31,000. Finally, Quarry LP acquired a new stake in Manhattan Associates during the 4th quarter worth about $38,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MANH shares. Rosenblatt Securities reaffirmed a “neutral” rating and set a $225.00 target price on shares of Manhattan Associates in a research note on Wednesday, April 24th. DA Davidson boosted their price target on Manhattan Associates from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Redburn Atlantic started coverage on Manhattan Associates in a research note on Tuesday, May 14th. They issued a “buy” rating and a $260.00 price target for the company. StockNews.com cut Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Monday, May 27th. Finally, William Blair reissued a “market perform” rating on shares of Manhattan Associates in a research note on Wednesday, April 24th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $245.13.

Manhattan Associates Stock Down 0.6 %

Shares of Manhattan Associates stock opened at $245.28 on Tuesday. The stock has a market capitalization of $15.10 billion, a P/E ratio of 80.16 and a beta of 1.50. The stock has a 50 day moving average price of $224.07 and a two-hundred day moving average price of $231.28. Manhattan Associates, Inc. has a 12-month low of $182.97 and a 12-month high of $266.94.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, April 23rd. The software maker reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.23. Manhattan Associates had a return on equity of 85.28% and a net margin of 19.91%. The firm had revenue of $254.55 million during the quarter, compared to analysts’ expectations of $243.32 million. Sell-side analysts anticipate that Manhattan Associates, Inc. will post 2.72 earnings per share for the current year.

About Manhattan Associates

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.