Sequoia Financial Advisors LLC Has $800,000 Stock Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Sequoia Financial Advisors LLC grew its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 294.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,959 shares of the software maker’s stock after purchasing an additional 2,209 shares during the period. Sequoia Financial Advisors LLC’s holdings in Manhattan Associates were worth $800,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. HighTower Advisors LLC increased its stake in shares of Manhattan Associates by 3.1% in the 4th quarter. HighTower Advisors LLC now owns 5,156 shares of the software maker’s stock valued at $1,393,000 after purchasing an additional 154 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Manhattan Associates by 3.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 5,804 shares of the software maker’s stock valued at $1,568,000 after purchasing an additional 200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Manhattan Associates by 95.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,781 shares of the software maker’s stock valued at $6,156,000 after purchasing an additional 11,112 shares during the last quarter. Amundi increased its stake in shares of Manhattan Associates by 14.1% in the 4th quarter. Amundi now owns 108,377 shares of the software maker’s stock valued at $29,532,000 after purchasing an additional 13,433 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of Manhattan Associates by 4.4% in the 4th quarter. Larson Financial Group LLC now owns 22,203 shares of the software maker’s stock valued at $6,000,000 after purchasing an additional 936 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. StockNews.com lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. DA Davidson reduced their price objective on Manhattan Associates from $315.00 to $270.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Piper Sandler reduced their price objective on Manhattan Associates from $268.00 to $200.00 and set an “overweight” rating on the stock in a research report on Friday. William Blair upgraded Manhattan Associates from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 13th. Finally, Raymond James reduced their price objective 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.com, Manhattan Associates has an average rating of “Moderate Buy” and an average target price of $252.56.

Manhattan Associates Trading Up 5.5 %

NASDAQ MANH opened at $172.50 on Monday. The business’s 50-day moving average price is $215.40 and its two-hundred day moving average price is $257.50. Manhattan Associates, Inc. has a 12 month low of $163.10 and a 12 month high of $312.60. The firm has a market capitalization of $10.54 billion, a PE ratio of 49.15 and a beta of 1.47.

Insider Activity

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

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.