Carolina Wealth Advisors LLC Boosts Stock Holdings in Manhattan Associates, Inc. $MANH

Key Points

• Carolina Wealth Advisors LLC increased its stake in Manhattan Associates by 31.9% during Q2, owning 6,262 shares valued at $1,237,000.
• Wall Street analysts have mixed ratings on Manhattan Associates, with a current average rating of "Hold" and a price target of $216.67, amidst multiple recent price adjustments.
• Insider trades showed a significant sale, with Chairman Eddie Capel offloading over 37,000 shares at an average price of $222.18, resulting in an 18.64% decrease in his ownership of the stock.

Carolina Wealth Advisors LLC increased its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 31.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,262 shares of the software maker's stock after buying an additional 1,516 shares during the period. Carolina Wealth Advisors LLC's holdings in Manhattan Associates were worth $1,237,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Manhattan Associates by 117.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 230 shares of the software maker's stock valued at $45,000 after acquiring an additional 124 shares during the period. Brooklyn Investment Group boosted its position in Manhattan Associates by 70.1% during the first quarter. Brooklyn Investment Group now owns 359 shares of the software maker's stock worth $62,000 after purchasing an additional 148 shares in the last quarter. Reyes Financial Architecture Inc. grew its holdings in Manhattan Associates by 42.5% in the first quarter. Reyes Financial Architecture Inc. now owns 476 shares of the software maker's stock valued at $82,000 after purchasing an additional 142 shares during the period. Bayforest Capital Ltd increased its position in shares of Manhattan Associates by 126.6% in the first quarter. Bayforest Capital Ltd now owns 494 shares of the software maker's stock valued at $85,000 after buying an additional 276 shares in the last quarter. Finally, Virtus Advisers LLC acquired a new position in shares of Manhattan Associates during the 1st quarter worth approximately $99,000. Hedge funds and other institutional investors own 98.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MANH shares. Zacks Research cut shares of Manhattan Associates from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 22nd. Loop Capital boosted their target price on shares of Manhattan Associates from $170.00 to $200.00 and gave the stock a "hold" rating in a research note on Tuesday, July 22nd. DA Davidson raised their price target on shares of Manhattan Associates from $225.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Manhattan Associates in a report on Saturday, September 27th. Finally, Redburn Atlantic cut Manhattan Associates from a "buy" rating to a "neutral" rating and reduced their target price for the company from $270.00 to $200.00 in a report on Tuesday, June 10th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Manhattan Associates presently has an average rating of "Hold" and an average price target of $216.67.

Manhattan Associates Trading Up 0.0%

Shares of MANH opened at $201.40 on Friday. The company's 50-day moving average price is $213.90 and its 200 day moving average price is $194.80. Manhattan Associates, Inc. has a 12-month low of $140.81 and a 12-month high of $312.60. The firm has a market cap of $12.18 billion, a P/E ratio of 56.26 and a beta of 1.12.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.19. The business had revenue of $272.42 million during the quarter, compared to analysts' expectations of $263.62 million. Manhattan Associates had a net margin of 20.91% and a return on equity of 82.91%. The business's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the business earned $1.18 earnings per share. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. Equities research analysts forecast that Manhattan Associates, Inc. will post 3.3 earnings per share for the current year.

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates news, Chairman Eddie Capel sold 37,342 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $222.18, for a total value of $8,296,645.56. Following the sale, the chairman owned 162,988 shares of the company's stock, valued at $36,212,673.84. The trade was a 18.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Linda T. Hollembaek sold 2,024 shares of the firm's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $221.53, for a total value of $448,376.72. Following the transaction, the director owned 11,907 shares of the company's stock, valued at approximately $2,637,757.71. This represents a 14.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,666 shares of company stock valued at $9,251,781 over the last quarter. 0.88% of the stock is owned by company insiders.

Manhattan Associates Company 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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