EverSource Wealth Advisors LLC Purchases 182 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

EverSource Wealth Advisors LLC boosted its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 144.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 308 shares of the software maker’s stock after buying an additional 182 shares during the period. EverSource Wealth Advisors LLC’s holdings in Manhattan Associates were worth $83,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MANH. State Street Corp boosted its position in shares of Manhattan Associates by 0.6% during the 3rd quarter. State Street Corp now owns 2,203,139 shares of the software maker’s stock valued at $619,918,000 after acquiring an additional 12,787 shares during the last quarter. FMR LLC lifted its position in Manhattan Associates by 7.3% during the third quarter. FMR LLC now owns 1,917,412 shares of the software maker’s stock valued at $539,521,000 after purchasing an additional 130,817 shares during the last quarter. Geode Capital Management LLC grew its stake in Manhattan Associates by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,514,941 shares of the software maker’s stock worth $426,308,000 after buying an additional 82,995 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Manhattan Associates by 213.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,009,913 shares of the software maker’s stock worth $284,169,000 after buying an additional 687,933 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of Manhattan Associates during the 3rd quarter worth $234,249,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Manhattan Associates

In related news, CFO Dennis B. Story sold 2,788 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $170.83, for a total value of $476,274.04. Following the sale, the chief financial officer now directly owns 101,263 shares of the company’s stock, valued at $17,298,758.29. This trade represents a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.72% of the company’s stock.

Manhattan Associates Stock Down 1.6 %

Shares of NASDAQ MANH opened at $172.78 on Wednesday. The firm’s fifty day moving average is $211.58 and its 200 day moving average is $256.24. Manhattan Associates, Inc. has a 52 week low of $163.10 and a 52 week high of $312.60. The company has a market cap of $10.56 billion, a price-to-earnings ratio of 49.23 and a beta of 1.47.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. StockNews.com cut Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Citigroup decreased their price objective on Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. Loop Capital cut their target price on Manhattan Associates from $310.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Truist Financial reduced their price target on shares of Manhattan Associates from $310.00 to $285.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, DA Davidson lowered their price objective on shares of Manhattan Associates from $315.00 to $270.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $243.78.

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.