Redhawk Wealth Advisors Inc. Acquires 198 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Redhawk Wealth Advisors Inc. boosted its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 3.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,273 shares of the software maker’s stock after acquiring an additional 198 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Manhattan Associates were worth $1,425,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fidelis Capital Partners LLC lifted its holdings in shares of Manhattan Associates by 3.2% in the third quarter. Fidelis Capital Partners LLC now owns 1,279 shares of the software maker’s stock worth $347,000 after acquiring an additional 40 shares during the last quarter. Ascent Group LLC lifted its stake in Manhattan Associates by 4.8% in the 3rd quarter. Ascent Group LLC now owns 896 shares of the software maker’s stock valued at $252,000 after purchasing an additional 41 shares during the last quarter. UMB Bank n.a. boosted its position in Manhattan Associates by 16.7% in the third quarter. UMB Bank n.a. now owns 301 shares of the software maker’s stock valued at $85,000 after buying an additional 43 shares in the last quarter. SkyView Investment Advisors LLC boosted its position in Manhattan Associates by 0.9% in the second quarter. SkyView Investment Advisors LLC now owns 5,018 shares of the software maker’s stock valued at $1,238,000 after buying an additional 46 shares in the last quarter. Finally, Huntington National Bank grew its stake in shares of Manhattan Associates by 5.9% during the third quarter. Huntington National Bank now owns 879 shares of the software maker’s stock worth $247,000 after buying an additional 49 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

MANH has been the subject of a number of research reports. Citigroup increased their price target on Manhattan Associates from $287.00 to $306.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Robert W. Baird increased their target price on Manhattan Associates from $263.00 to $304.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. DA Davidson lifted their price target on Manhattan Associates from $285.00 to $315.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. StockNews.com downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Piper Sandler initiated coverage on shares of Manhattan Associates in a report on Monday, November 25th. They issued an “overweight” rating and a $326.00 price objective for the company. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Manhattan Associates presently has a consensus rating of “Moderate Buy” and an average target price of $292.89.

Insider Buying and Selling

In related news, EVP James Stewart Gantt sold 3,475 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $288.10, for a total transaction of $1,001,147.50. Following the completion of the sale, the executive vice president now owns 42,812 shares of the company’s stock, valued at $12,334,137.20. This trade represents a 7.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Bruce Richards sold 4,150 shares of Manhattan Associates stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $289.73, for a total value of $1,202,379.50. Following the completion of the sale, the senior vice president now owns 22,086 shares of the company’s stock, valued at approximately $6,398,976.78. The trade was a 15.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

Manhattan Associates Price Performance

Shares of MANH opened at $274.46 on Thursday. The business has a 50-day moving average of $282.75 and a 200-day moving average of $269.68. The company has a market capitalization of $16.76 billion, a price-to-earnings ratio of 77.97 and a beta of 1.52. Manhattan Associates, Inc. has a 1 year low of $205.12 and a 1 year high of $312.60.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings results on Tuesday, October 22nd. The software maker reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.29. The firm had revenue of $266.70 million during the quarter, compared to analyst estimates of $262.90 million. Manhattan Associates had a net margin of 21.38% and a return on equity of 84.55%. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.79 EPS. As a group, sell-side analysts anticipate that Manhattan Associates, Inc. will post 3.39 EPS for the current 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.