Oppenheimer Asset Management Inc. Has $3.18 Million Stake in Manhattan Associates, Inc. (NASDAQ:MANH)

Oppenheimer Asset Management Inc. lowered its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 12.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,753 shares of the software maker’s stock after selling 1,680 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Manhattan Associates were worth $3,176,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Tokio Marine Asset Management Co. Ltd. acquired a new position in Manhattan Associates during the 4th quarter worth about $3,890,000. GDS Wealth Management lifted its position in shares of Manhattan Associates by 281.4% during the fourth quarter. GDS Wealth Management now owns 6,347 shares of the software maker’s stock worth $1,715,000 after purchasing an additional 4,683 shares in the last quarter. Oak Thistle LLC acquired a new position in shares of Manhattan Associates during the fourth quarter worth approximately $1,326,000. AustralianSuper Pty Ltd grew its stake in shares of Manhattan Associates by 968.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 232,719 shares of the software maker’s stock valued at $62,890,000 after purchasing an additional 210,929 shares during the last quarter. Finally, Smith Group Asset Management LLC increased its holdings in shares of Manhattan Associates by 1.8% in the fourth quarter. Smith Group Asset Management LLC now owns 93,232 shares of the software maker’s stock valued at $25,195,000 after purchasing an additional 1,641 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Price Performance

Shares of NASDAQ:MANH opened at $176.88 on Friday. The firm’s 50 day simple moving average is $236.56 and its 200 day simple moving average is $263.75. Manhattan Associates, Inc. has a fifty-two week low of $169.94 and a fifty-two week high of $312.60. The company has a market capitalization of $10.81 billion, a price-to-earnings ratio of 50.39 and a beta of 1.50.

Wall Street Analyst Weigh In

A number of research analysts have commented on MANH shares. Citigroup decreased their price objective on Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Loop Capital decreased their price target on Manhattan Associates from $310.00 to $275.00 and set a “buy” rating on the stock in a report 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 report on Wednesday, January 29th. StockNews.com downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Raymond James lowered their price target on shares of Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Manhattan Associates currently has an average rating of “Moderate Buy” and a consensus price target of $273.33.

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.