Manhattan Associates, Inc. (NASDAQ:MANH) Shares Purchased by Independent Solutions Wealth Management LLC

Independent Solutions Wealth Management LLC lifted its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,886 shares of the software maker’s stock after purchasing an additional 179 shares during the period. Independent Solutions Wealth Management LLC’s holdings in Manhattan Associates were worth $1,320,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. CIBC Asset Management Inc increased its holdings in shares of Manhattan Associates by 3.3% in the third quarter. CIBC Asset Management Inc now owns 1,798 shares of the software maker’s stock valued at $506,000 after purchasing an additional 58 shares during the period. Swiss National Bank grew its position in shares of Manhattan Associates by 0.3% in the third quarter. Swiss National Bank now owns 182,820 shares of the software maker’s stock valued at $51,442,000 after purchasing an additional 600 shares during the last quarter. Quest Partners LLC raised its holdings in shares of Manhattan Associates by 74,900.0% in the third quarter. Quest Partners LLC now owns 750 shares of the software maker’s stock worth $211,000 after acquiring an additional 749 shares during the last quarter. Pathstone Holdings LLC raised its stake in Manhattan Associates by 2.0% in the 3rd quarter. Pathstone Holdings LLC now owns 9,739 shares of the software maker’s stock valued at $2,740,000 after purchasing an additional 192 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Manhattan Associates during the third quarter worth approximately $399,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MANH. Truist Financial lowered their price objective on shares of Manhattan Associates from $310.00 to $285.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Robert W. Baird dropped their price target on shares of Manhattan Associates from $282.00 to $225.00 and set an “outperform” rating on the stock in a research note on Tuesday. Loop Capital reduced 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. StockNews.com downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, Citigroup decreased their price objective on shares of Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $243.78.

Manhattan Associates Price Performance

MANH opened at $172.44 on Friday. The stock has a market cap of $10.54 billion, a P/E ratio of 49.13 and a beta of 1.47. Manhattan Associates, Inc. has a 12 month low of $163.10 and a 12 month high of $312.60. The stock’s 50 day moving average price is $207.62 and its 200 day moving average price is $255.09.

Insider Activity at Manhattan Associates

In other news, CFO Dennis B. Story sold 2,788 shares of the business’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 sale, the chief financial officer now owns 101,263 shares of the company’s stock, valued at approximately $17,298,758.29. The trade was a 2.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.72% of the stock is currently owned by insiders.

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.