Manhattan Associates, Inc. (NASDAQ:MANH) Shares Bought by Atria Investments Inc

Atria Investments Inc grew its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 12.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,509 shares of the software maker’s stock after acquiring an additional 958 shares during the period. Atria Investments Inc’s holdings in Manhattan Associates were worth $2,299,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MANH. Capital Performance Advisors LLP acquired a new stake in shares of Manhattan Associates during the 3rd quarter valued at approximately $34,000. Whipplewood Advisors LLC acquired a new stake in shares of Manhattan Associates during the 4th quarter valued at approximately $34,000. Synergy Asset Management LLC acquired a new position in shares of Manhattan Associates during the 4th quarter worth approximately $35,000. Ashton Thomas Securities LLC acquired a new position in shares of Manhattan Associates during the 3rd quarter worth approximately $42,000. Finally, Brooklyn Investment Group acquired a new position in shares of Manhattan Associates during the 3rd quarter worth approximately $58,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MANH has been the subject of several research reports. Truist Financial cut their price objective on Manhattan Associates from $310.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Piper Sandler restated an “overweight” rating and set a $268.00 price objective (down from $326.00) on shares of Manhattan Associates in a research report on Wednesday, January 29th. Raymond James cut their price objective on Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. Loop Capital cut their price objective on Manhattan Associates from $310.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Finally, William Blair upgraded Manhattan Associates from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $273.33.

Manhattan Associates Stock Performance

MANH stock opened at $170.73 on Monday. The stock has a market capitalization of $10.44 billion, a P/E ratio of 48.64 and a beta of 1.47. Manhattan Associates, Inc. has a one year low of $166.31 and a one year high of $312.60. The company has a 50 day moving average price of $225.75 and a two-hundred day moving average price of $260.80.

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.