Curated Wealth Partners LLC Makes New Investment in Manhattan Associates, Inc. $MANH

Curated Wealth Partners LLC purchased a new position in Manhattan Associates, Inc. (NASDAQ:MANH) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 2,974 shares of the software maker’s stock, valued at approximately $591,000.

A number of other large investors also recently modified their holdings of MANH. Krilogy Financial LLC increased its position in shares of Manhattan Associates by 7.7% during the 3rd quarter. Krilogy Financial LLC now owns 3,678 shares of the software maker’s stock valued at $801,000 after purchasing an additional 264 shares during the period. NorthCrest Asset Manangement LLC raised its stake in shares of Manhattan Associates by 7.4% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 1,772 shares of the software maker’s stock worth $366,000 after buying an additional 122 shares in the last quarter. Wedmont Private Capital lifted its holdings in shares of Manhattan Associates by 18.0% in the third quarter. Wedmont Private Capital now owns 1,527 shares of the software maker’s stock valued at $316,000 after buying an additional 233 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Manhattan Associates by 80.0% in the third quarter. GAMMA Investing LLC now owns 2,802 shares of the software maker’s stock valued at $557,000 after buying an additional 1,245 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in Manhattan Associates by 18.5% during the third quarter. Farther Finance Advisors LLC now owns 2,236 shares of the software maker’s stock valued at $444,000 after buying an additional 349 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MANH has been the topic of several research reports. DA Davidson cut shares of Manhattan Associates from a “buy” rating to a “neutral” rating and set a $210.00 price target on the stock. in a research report on Monday, September 28th. Citigroup lifted their price target on shares of Manhattan Associates from $177.00 to $193.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Weiss Ratings raised Manhattan Associates from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 2nd. Barclays increased their price objective on Manhattan Associates from $201.00 to $239.00 and gave the company an “overweight” rating in a research report on Tuesday, September 8th. Finally, Wall Street Zen lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $223.70.

Manhattan Associates Price Performance

Manhattan Associates stock opened at $222.17 on Friday. Manhattan Associates, Inc. has a fifty-two week low of $119.06 and a fifty-two week high of $231.63. The firm’s 50 day simple moving average is $209.27 and its 200-day simple moving average is $168.26. The company has a market cap of $12.95 billion, a P/E ratio of 63.66 and a beta of 0.95.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Tuesday, July 28th. The software maker reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.07. Manhattan Associates had a net margin of 18.67% and a return on equity of 86.72%. The firm had revenue of $297.79 million during the quarter, compared to analyst estimates of $289.03 million. During the same quarter last year, the business posted $1.31 EPS. The company’s revenue was up 9.3% on a year-over-year basis. On average, analysts expect that Manhattan Associates, Inc. will post 3.87 EPS for the current fiscal year.

Insider Activity

In other Manhattan Associates news, EVP James Gantt sold 5,139 shares of the firm’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $195.53, for a total transaction of $1,004,828.67. Following the completion of the sale, the executive vice president directly owned 55,676 shares in the company, valued at approximately $10,886,328.28. This trade represents a 8.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Eric Clark sold 3,000 shares of Manhattan Associates stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $197.76, for a total value of $593,280.00. Following the transaction, the chief executive officer directly owned 89,638 shares in the company, valued at approximately $17,726,810.88. This trade represents a 3.24% decrease in their position. The SEC filing for this sale provides additional information. 0.84% of the stock is currently owned by corporate insiders.

Manhattan Associates Profile

Manhattan Associates, Inc develops cloud-based software designed to help businesses manage supply chains, inventory, warehouse operations, transportation, and omnichannel commerce. Its solutions are used by retailers, wholesalers, manufacturers, distributors, logistics providers, and other organizations seeking to coordinate products, orders, labor, and fulfillment activities.

The company’s product portfolio includes Manhattan Active Warehouse Management, Manhattan Active Transportation Management, Manhattan Active Order Management, and related tools for inventory optimization, workforce management, customer engagement, and point-of-sale operations.