Kowal Investment Group LLC Sells 437 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Kowal Investment Group LLC trimmed its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 32.0% in the 1st quarter, Holdings Channel.com reports. 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 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Lindbrook Capital LLC lifted its stake in Manhattan Associates by 28.8% during the fourth quarter. Lindbrook Capital LLC now owns 206 shares of the software maker’s stock worth $44,000 after purchasing an additional 46 shares during the last quarter. UMB Bank n.a. lifted its stake in Manhattan Associates by 25.9% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the software maker’s stock worth $61,000 after purchasing an additional 58 shares during the last quarter. Raleigh Capital Management Inc. lifted its stake in Manhattan Associates by 19.3% during the third quarter. Raleigh Capital Management Inc. now owns 395 shares of the software maker’s stock worth $78,000 after purchasing an additional 64 shares during the last quarter. Janiczek Wealth Management LLC lifted its stake in Manhattan Associates by 4.6% during the first quarter. Janiczek Wealth Management LLC now owns 1,492 shares of the software maker’s stock worth $373,000 after purchasing an additional 65 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in Manhattan Associates by 3.4% during the fourth quarter. QRG Capital Management Inc. now owns 2,424 shares of the software maker’s stock worth $522,000 after purchasing an additional 80 shares during the last quarter. 98.45% of the stock is owned by institutional investors.

Manhattan Associates Stock Performance

MANH stock opened at $245.28 on Tuesday. Manhattan Associates, Inc. has a fifty-two week low of $182.97 and a fifty-two week high of $266.94. The business’s 50 day moving average price is $224.07 and its two-hundred day moving average price is $231.28. The company has a market capitalization of $15.10 billion, a price-to-earnings ratio of 80.16 and a beta of 1.50.

Manhattan Associates (NASDAQ:MANH) last posted its earnings results on Tuesday, April 23rd. The software maker reported $0.86 earnings per share 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 for the quarter, compared to the consensus estimate of $243.32 million. Sell-side analysts forecast that Manhattan Associates, Inc. will post 2.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MANH shares. Redburn Atlantic began coverage on Manhattan Associates in a research note on Tuesday, May 14th. They set a “buy” rating and a $260.00 price target for the company. DA Davidson boosted their target price on Manhattan Associates from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. William Blair reissued a “market perform” rating on shares of Manhattan Associates in a research note on Wednesday, April 24th. Rosenblatt Securities restated a “neutral” rating and set a $225.00 price target on shares of Manhattan Associates in a report on Wednesday, April 24th. Finally, Citigroup boosted their price target on Manhattan Associates from $220.00 to $257.00 and gave the company a “neutral” rating in a report on Friday. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $245.13.

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.