Manhattan Associates, Inc. (NASDAQ:MANH) Holdings Raised by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC grew its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 5.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,467 shares of the software maker’s stock after acquiring an additional 73 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Manhattan Associates were worth $396,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Whipplewood Advisors LLC bought a new position in Manhattan Associates during the 4th quarter worth $34,000. Synergy Asset Management LLC bought a new position in Manhattan Associates during the 4th quarter worth $35,000. Ashton Thomas Securities LLC bought a new position in Manhattan Associates during the 3rd quarter worth $42,000. Brooklyn Investment Group bought a new position in Manhattan Associates during the 3rd quarter worth $58,000. Finally, Bank of Jackson Hole Trust bought a new position in Manhattan Associates during the 4th quarter worth $72,000. 98.45% of the stock is currently owned by institutional investors.

Manhattan Associates Stock Down 1.9 %

Shares of Manhattan Associates stock opened at $163.50 on Friday. The firm has a market cap of $9.99 billion, a price-to-earnings ratio of 46.58 and a beta of 1.47. The business has a fifty day simple moving average of $219.52 and a 200-day simple moving average of $258.82. Manhattan Associates, Inc. has a fifty-two week low of $163.10 and a fifty-two week high of $312.60.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Raymond James lowered their price objective on Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating for the company in a research note on Wednesday, January 29th. DA Davidson lowered their price objective on Manhattan Associates from $315.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. StockNews.com downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Truist Financial decreased their price target on Manhattan Associates from $310.00 to $285.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, Piper Sandler reissued an “overweight” rating and issued a $268.00 price target (down previously from $326.00) on shares of Manhattan Associates in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Manhattan Associates currently has a consensus rating of “Moderate Buy” and an average target price of $273.33.

Insider Activity

In other news, CFO Dennis B. Story sold 2,788 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $170.83, for a total value of $476,274.04. Following the completion of the sale, the chief financial officer now owns 101,263 shares in the company, valued at $17,298,758.29. This represents a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.72% of the company’s stock.

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.