B. Riley Wealth Advisors Inc. Has $805,000 Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

B. Riley Wealth Advisors Inc. decreased its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 25.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,264 shares of the software maker’s stock after selling 1,104 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Manhattan Associates were worth $805,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Tobam acquired a new position in shares of Manhattan Associates during the 1st quarter worth about $25,000. Innealta Capital LLC acquired a new position in Manhattan Associates during the second quarter valued at approximately $26,000. Benjamin Edwards Inc. bought a new position in Manhattan Associates in the first quarter valued at approximately $27,000. International Assets Investment Management LLC acquired a new position in shares of Manhattan Associates during the 2nd quarter worth approximately $27,000. Finally, Contravisory Investment Management Inc. bought a new stake in shares of Manhattan Associates during the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Activity at Manhattan Associates

In related news, EVP James Stewart Gantt sold 6,000 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $256.50, for a total value of $1,539,000.00. Following the completion of the transaction, the executive vice president now owns 46,287 shares of the company’s stock, valued at $11,872,615.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.72% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MANH. StockNews.com cut shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Loop Capital lifted their price objective on shares of Manhattan Associates from $265.00 to $285.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Citigroup upped their target price on shares of Manhattan Associates from $257.00 to $287.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Finally, DA Davidson lifted their price target on Manhattan Associates from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Manhattan Associates currently has an average rating of “Moderate Buy” and a consensus target price of $264.57.

Manhattan Associates Trading Up 1.9 %

Manhattan Associates stock opened at $282.41 on Friday. The stock’s 50 day moving average is $261.70 and its 200-day moving average is $242.16. Manhattan Associates, Inc. has a 12 month low of $182.97 and a 12 month high of $287.63. The company has a market capitalization of $17.39 billion, a price-to-earnings ratio of 92.29 and a beta of 1.50.

Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, July 23rd. The software maker reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.22. Manhattan Associates had a return on equity of 84.54% and a net margin of 20.54%. The firm had revenue of $265.30 million during the quarter, compared to analysts’ expectations of $255.83 million. During the same period in the prior year, the company earned $0.63 earnings per share. The company’s quarterly revenue was up 14.8% on a year-over-year basis. As a group, equities research analysts predict that Manhattan Associates, Inc. will post 3.01 earnings per share for the current fiscal year.

Manhattan Associates 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.