Faithward Advisors LLC Grows Stock Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Faithward Advisors LLC raised its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 1.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 16,451 shares of the software maker’s stock after acquiring an additional 240 shares during the period. Faithward Advisors LLC’s holdings in Manhattan Associates were worth $4,446,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. acquired a new position in Manhattan Associates in the fourth quarter valued at $3,890,000. GDS Wealth Management grew its holdings in Manhattan Associates by 281.4% in the 4th quarter. GDS Wealth Management now owns 6,347 shares of the software maker’s stock valued at $1,715,000 after buying an additional 4,683 shares during the period. Oak Thistle LLC acquired a new position in shares of Manhattan Associates during the 4th quarter valued at about $1,326,000. AustralianSuper Pty Ltd lifted its holdings in shares of Manhattan Associates by 968.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 232,719 shares of the software maker’s stock worth $62,890,000 after acquiring an additional 210,929 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Manhattan Associates during the 4th quarter worth about $1,200,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Analyst Ratings Changes

MANH has been the subject of a number of recent analyst reports. Robert W. Baird lowered their target price on shares of Manhattan Associates from $282.00 to $225.00 and set an “outperform” rating for the company in a report on Tuesday, March 18th. Raymond James lowered their price objective on shares of Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating for the company in a research note on Wednesday, January 29th. StockNews.com lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. William Blair raised Manhattan Associates from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 13th. Finally, Citigroup cut 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. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $243.78.

Manhattan Associates Price Performance

Shares of MANH opened at $146.40 on Tuesday. Manhattan Associates, Inc. has a 12 month low of $140.81 and a 12 month high of $312.60. The stock’s 50-day moving average is $181.91 and its two-hundred day moving average is $247.14. The stock has a market cap of $8.95 billion, a PE ratio of 41.71 and a beta of 1.36.

Insider Activity at Manhattan Associates

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company 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.