Koshinski Asset Management Inc. Invests $247,000 in Manhattan Associates, Inc. $MANH

Key Points

• Koshinski Asset Management Inc. has made a significant investment of $247,000 in Manhattan Associates, purchasing 1,252 shares during the second quarter.
• Director Linda T. Hollembaek sold 2,024 shares while Chairman Eddie Capel sold 37,342 shares, indicating a reduction in insider positions at the company.
• Analyst ratings for Manhattan Associates vary, with a general trend toward positive sentiments, as indicated by the majority of firms giving a "buy" rating and a consensus price target around $222.91.

Koshinski Asset Management Inc. bought a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,252 shares of the software maker's stock, valued at approximately $247,000.

A number of other large investors have also modified their holdings of the business. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Manhattan Associates by 177.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,749 shares of the software maker's stock worth $1,341,000 after acquiring an additional 4,957 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in shares of Manhattan Associates by 1.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 11,978 shares of the software maker's stock worth $2,073,000 after acquiring an additional 225 shares during the period. Carolina Wealth Advisors LLC grew its holdings in shares of Manhattan Associates by 505.4% in the 1st quarter. Carolina Wealth Advisors LLC now owns 4,746 shares of the software maker's stock worth $821,000 after acquiring an additional 3,962 shares during the period. KBC Group NV grew its holdings in shares of Manhattan Associates by 33.9% in the 1st quarter. KBC Group NV now owns 126,093 shares of the software maker's stock worth $21,819,000 after acquiring an additional 31,892 shares during the period. Finally, Hills Bank & Trust Co grew its holdings in shares of Manhattan Associates by 34.9% in the 1st quarter. Hills Bank & Trust Co now owns 2,194 shares of the software maker's stock worth $380,000 after acquiring an additional 568 shares during the period. 98.45% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Manhattan Associates news, Director Linda T. Hollembaek sold 2,024 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $221.53, for a total transaction of $448,376.72. Following the transaction, the director owned 11,907 shares of the company's stock, valued at $2,637,757.71. This represents a 14.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Eddie Capel sold 37,342 shares of the stock in a transaction 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 transaction, the chairman directly owned 162,988 shares in the company, valued at approximately $36,212,673.84. This represents a 18.64% decrease in their position. 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 in the last quarter. 0.72% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on MANH. DA Davidson upped their price target on Manhattan Associates from $225.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Truist Financial upped their price target on Manhattan Associates from $210.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Barclays began coverage on Manhattan Associates in a report on Tuesday, October 7th. They issued an "overweight" rating and a $247.00 price target on the stock. Stifel Nicolaus began coverage on Manhattan Associates in a report on Tuesday, October 7th. They set a "buy" rating and a $250.00 target price on the stock. Finally, Morgan Stanley lowered their target price on Manhattan Associates from $205.00 to $195.00 and set an "underweight" rating on the stock in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $222.91.

Manhattan Associates Stock Performance

Shares of NASDAQ:MANH opened at $204.66 on Wednesday. The business's fifty day moving average price is $210.10 and its two-hundred day moving average price is $197.16. The stock has a market cap of $12.38 billion, a PE ratio of 57.17 and a beta of 1.12. Manhattan Associates, Inc. has a one year low of $140.81 and a one year high of $312.60.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last announced its earnings results on Tuesday, October 21st. The software maker reported $1.36 EPS for the quarter, beating analysts' consensus estimates of $1.18 by $0.18. Manhattan Associates had a return on equity of 82.91% and a net margin of 20.91%.The firm had revenue of $275.80 million for the quarter, compared to analysts' expectations of $271.66 million. During the same quarter in the prior year, the firm earned $1.35 EPS. Manhattan Associates's quarterly revenue was up 3.4% on a year-over-year basis. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. As a group, equities research analysts predict that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

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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