FSC Wealth Advisors LLC Purchases New Shares in Manhattan Associates, Inc. (NASDAQ:MANH)

FSC Wealth Advisors LLC acquired a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the third quarter, Holdings Channel reports. The fund acquired 233 shares of the software maker’s stock, valued at approximately $66,000.

Several other institutional investors have also recently made changes to their positions in MANH. Sunbelt Securities Inc. grew its holdings in shares of Manhattan Associates by 57.1% in the first quarter. Sunbelt Securities Inc. now owns 779 shares of the software maker’s stock valued at $195,000 after acquiring an additional 283 shares in the last quarter. DGS Capital Management LLC grew its stake in Manhattan Associates by 13.4% in the 1st quarter. DGS Capital Management LLC now owns 7,412 shares of the software maker’s stock valued at $1,855,000 after purchasing an additional 877 shares during the period. Janiczek Wealth Management LLC increased its position in shares of Manhattan Associates by 4.6% during the 1st quarter. Janiczek Wealth Management LLC now owns 1,492 shares of the software maker’s stock valued at $373,000 after purchasing an additional 65 shares during the last quarter. Capital Insight Partners LLC raised its stake in shares of Manhattan Associates by 0.7% during the 1st quarter. Capital Insight Partners LLC now owns 14,980 shares of the software maker’s stock worth $3,748,000 after purchasing an additional 106 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Manhattan Associates by 67.7% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 3,312 shares of the software maker’s stock worth $829,000 after buying an additional 1,337 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Insider Transactions at Manhattan Associates

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

Manhattan Associates Price Performance

MANH opened at $292.32 on Wednesday. Manhattan Associates, Inc. has a one year low of $182.97 and a one year high of $307.50. The firm has a market capitalization of $18.00 billion, a P/E ratio of 95.53 and a beta of 1.50. The company has a fifty day moving average price of $272.92 and a 200-day moving average price of $246.07.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, July 23rd. The software maker reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.22. The business had revenue of $265.30 million for the quarter, compared to analyst estimates of $255.83 million. Manhattan Associates had a return on equity of 84.54% and a net margin of 20.54%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.63 EPS. On average, analysts expect that Manhattan Associates, Inc. will post 3.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MANH. DA Davidson raised their price objective on shares of Manhattan Associates from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Truist Financial lifted their price target on shares of Manhattan Associates from $275.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, October 11th. StockNews.com downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Citigroup raised their target price on Manhattan Associates from $257.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Finally, Loop Capital upped their price objective on shares of Manhattan Associates from $265.00 to $285.00 and gave the company a “buy” rating in a report on Monday, September 16th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $275.75.

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.