Independent Solutions Wealth Management LLC Has $1.32 Million Stock Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Independent Solutions Wealth Management LLC lifted its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 3.8% in the 4th quarter, Holdings Channel reports. The fund owned 4,886 shares of the software maker’s stock after buying 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 quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ascent Group LLC boosted its stake in shares of Manhattan Associates by 4.8% during the 3rd quarter. Ascent Group LLC now owns 896 shares of the software maker’s stock worth $252,000 after acquiring an additional 41 shares in the last quarter. Metis Global Partners LLC grew its stake in shares of Manhattan Associates by 7.0% in the fourth quarter. Metis Global Partners LLC now owns 837 shares of the software maker’s stock worth $226,000 after acquiring an additional 55 shares during the last quarter. Kestra Investment Management LLC increased its holdings in shares of Manhattan Associates by 2.9% during the 4th quarter. Kestra Investment Management LLC now owns 2,055 shares of the software maker’s stock worth $555,000 after purchasing an additional 57 shares during the period. CIBC Asset Management Inc raised its position in shares of Manhattan Associates by 3.3% during the third quarter. CIBC Asset Management Inc now owns 1,798 shares of the software maker’s stock valued at $506,000 after buying an additional 58 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. lifted its stake in shares of Manhattan Associates by 8.3% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 813 shares of the software maker’s stock valued at $220,000 after buying an additional 62 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on MANH. DA Davidson cut their price target on Manhattan Associates from $315.00 to $270.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Truist Financial dropped their price target on shares of Manhattan Associates from $310.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Citigroup decreased 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. William Blair raised Manhattan Associates from a “market perform” rating to an “outperform” rating in a report on Thursday, February 13th. Finally, Piper Sandler cut their target price on Manhattan Associates from $268.00 to $200.00 and set an “overweight” rating for the company in a research report on Friday, March 14th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $243.78.

Manhattan Associates Price Performance

Shares of Manhattan Associates stock opened at $172.44 on Friday. Manhattan Associates, Inc. has a 1 year low of $163.10 and a 1 year high of $312.60. The company has a market capitalization of $10.54 billion, a P/E ratio of 49.13 and a beta of 1.47. The business has a 50-day moving average of $207.62 and a two-hundred day moving average of $255.09.

Insider Buying and Selling

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of Manhattan Associates 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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.