Whipplewood Advisors LLC Makes New $34,000 Investment in Manhattan Associates, Inc. (NASDAQ:MANH)

Whipplewood Advisors LLC purchased a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 124 shares of the software maker’s stock, valued at approximately $34,000.

Several other institutional investors and hedge funds also recently made changes to their positions in MANH. Advisor OS LLC lifted its holdings in Manhattan Associates by 89.3% during the fourth quarter. Advisor OS LLC now owns 2,461 shares of the software maker’s stock valued at $665,000 after purchasing an additional 1,161 shares during the last quarter. Cavalier Investments LLC raised its position in shares of Manhattan Associates by 4.2% in the fourth quarter. Cavalier Investments LLC now owns 2,367 shares of the software maker’s stock valued at $640,000 after purchasing an additional 96 shares during the period. Amalgamated Bank boosted its holdings in Manhattan Associates by 0.7% in the 4th quarter. Amalgamated Bank now owns 30,273 shares of the software maker’s stock worth $8,181,000 after buying an additional 223 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Manhattan Associates in the 4th quarter worth approximately $1,200,000. Finally, South Dakota Investment Council grew its stake in Manhattan Associates by 48.2% in the 4th quarter. South Dakota Investment Council now owns 11,969 shares of the software maker’s stock valued at $3,235,000 after buying an additional 3,892 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Price Performance

Shares of NASDAQ:MANH opened at $176.88 on Friday. The company’s fifty day moving average price is $236.56 and its 200-day moving average price is $263.75. The firm has a market capitalization of $10.81 billion, a price-to-earnings ratio of 50.39 and a beta of 1.50. Manhattan Associates, Inc. has a one year low of $169.94 and a one year high of $312.60.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Citigroup cut their price target on Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Raymond James reduced their target price on Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating for the company in a report on Wednesday, January 29th. William Blair raised shares of Manhattan Associates from a “market perform” rating to an “outperform” rating in a report on Thursday, February 13th. DA Davidson reduced their price objective on shares of Manhattan Associates from $315.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, StockNews.com cut shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Three investment 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 currently has an average rating of “Moderate Buy” and an average target price of $273.33.

About Manhattan Associates

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.