Advisor OS LLC Has $665,000 Stake in Manhattan Associates, Inc. (NASDAQ:MANH)

Advisor OS LLC lifted its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 89.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,461 shares of the software maker’s stock after acquiring an additional 1,161 shares during the period. Advisor OS LLC’s holdings in Manhattan Associates were worth $665,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sequoia Financial Advisors LLC bought a new position in Manhattan Associates in the third quarter worth approximately $211,000. Private Advisor Group LLC raised its position in shares of Manhattan Associates by 8.9% during the third quarter. Private Advisor Group LLC now owns 1,376 shares of the software maker’s stock worth $387,000 after purchasing an additional 113 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Manhattan Associates by 44,409.1% in the 3rd quarter. International Assets Investment Management LLC now owns 48,960 shares of the software maker’s stock worth $13,776,000 after purchasing an additional 48,850 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Manhattan Associates by 21.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,535 shares of the software maker’s stock valued at $713,000 after purchasing an additional 455 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in Manhattan Associates by 112.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 17,907 shares of the software maker’s stock valued at $5,039,000 after purchasing an additional 9,468 shares in the last quarter. 98.45% of the stock is owned by institutional investors.

Manhattan Associates Trading Down 0.3 %

Shares of Manhattan Associates stock opened at $177.61 on Thursday. The business’s fifty day simple moving average is $240.78 and its 200 day simple moving average is $264.77. Manhattan Associates, Inc. has a 12 month low of $169.94 and a 12 month high of $312.60. The firm has a market capitalization of $10.86 billion, a P/E ratio of 50.60 and a beta of 1.50.

Insider Transactions at Manhattan Associates

In other news, SVP Bruce Richards sold 4,150 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $289.73, for a total transaction of $1,202,379.50. Following the completion of the sale, the senior vice president now owns 22,086 shares in the company, valued at $6,398,976.78. This trade represents a 15.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

MANH has been the topic of a number of recent research reports. Truist Financial dropped their price objective on shares of Manhattan Associates from $310.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. DA Davidson dropped their price target on shares of Manhattan Associates from $315.00 to $270.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. StockNews.com lowered Manhattan Associates from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Loop Capital lowered their price objective 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. Finally, Raymond James cut their target price on Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Manhattan Associates currently has an average rating of “Moderate Buy” and a consensus price target of $273.33.

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.