Pin Oak Investment Advisors Inc. Makes New Investment in Manhattan Associates, Inc. $MANH

Pin Oak Investment Advisors Inc. purchased a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,054 shares of the software maker’s stock, valued at approximately $843,000.

Other large investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd increased its position in Manhattan Associates by 448.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock valued at $28,000 after buying an additional 112 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Manhattan Associates by 508.9% in the second quarter. Versant Capital Management Inc now owns 274 shares of the software maker’s stock worth $38,000 after purchasing an additional 229 shares during the last quarter. BNP Paribas purchased a new stake in Manhattan Associates in the 4th quarter valued at $39,000. TD Private Client Wealth LLC lifted its position in shares of Manhattan Associates by 83.8% during the fourth quarter. TD Private Client Wealth LLC now owns 239 shares of the software maker’s stock valued at $41,000 after purchasing an additional 109 shares in the last quarter. Finally, Leonteq Securities AG purchased a new position in shares of Manhattan Associates in the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

MANH has been the subject of a number of research reports. Weiss Ratings raised shares of Manhattan Associates from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 14th. Stifel Nicolaus boosted their price objective on Manhattan Associates from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Wall Street Zen cut shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. DA Davidson raised their price target on Manhattan Associates from $200.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Finally, Barclays lowered their price objective on shares of Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $213.40.

Manhattan Associates Price Performance

Shares of NASDAQ MANH opened at $223.28 on Friday. Manhattan Associates, Inc. has a 1 year low of $119.06 and a 1 year high of $227.03. The stock has a market capitalization of $13.02 billion, a P/E ratio of 63.98 and a beta of 0.93. The company’s 50-day moving average is $173.96 and its 200 day moving average is $151.13.

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

Insider Activity

In other news, CEO Eric Andrew Clark sold 3,000 shares of the company’s stock in a transaction that occurred on 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 owned 89,638 shares in the company, valued at approximately $17,726,810.88. This represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP James Stewart Gantt sold 5,139 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $195.53, for a total value of $1,004,828.67. Following the completion of the transaction, the executive vice president directly owned 55,676 shares in the company, valued at $10,886,328.28. This trade represents a 8.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,139 shares of company stock worth $1,744,879 over the last three months. 0.84% of the stock is currently owned by insiders.

Manhattan Associates Profile

Manhattan Associates, Inc (NASDAQ: MANH) is a provider of supply chain and omnichannel commerce software solutions designed to optimize the flow of goods, information and funds across enterprise operations. Its flagship offerings include warehouse management, transportation management, order management and omnichannel fulfillment applications. These solutions are delivered through a cloud-native platform called Manhattan Active, which enables retailers, manufacturers, carriers and third-party logistics providers to orchestrate inventory, manage distribution and improve customer service in real time.

Key product areas include Manhattan Active Warehouse Management, which automates and optimizes warehouse operations from receiving through shipping; Manhattan Active Transportation Management, supporting carrier selection, routing and freight payment; and Manhattan Active Omni, which unifies order capture, inventory visibility and fulfillment across stores, distribution centers and e-commerce channels.