Silver Oak Securities Incorporated Buys 448 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Silver Oak Securities Incorporated lifted its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 19.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,695 shares of the software maker’s stock after purchasing an additional 448 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Manhattan Associates were worth $731,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Cetera Investment Advisers increased its holdings in shares of Manhattan Associates by 9.0% during the second quarter. Cetera Investment Advisers now owns 4,240 shares of the software maker’s stock worth $1,046,000 after buying an additional 349 shares in the last quarter. GAMMA Investing LLC increased its holdings in Manhattan Associates by 47.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,186 shares of the software maker’s stock worth $334,000 after purchasing an additional 382 shares in the last quarter. Atomi Financial Group Inc. raised its position in Manhattan Associates by 8.3% in the third quarter. Atomi Financial Group Inc. now owns 1,014 shares of the software maker’s stock valued at $285,000 after purchasing an additional 78 shares during the last quarter. CWM LLC boosted its stake in shares of Manhattan Associates by 44.5% during the third quarter. CWM LLC now owns 3,648 shares of the software maker’s stock valued at $1,026,000 after purchasing an additional 1,124 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Manhattan Associates by 16.7% during the third quarter. UMB Bank n.a. now owns 301 shares of the software maker’s stock worth $85,000 after purchasing an additional 43 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MANH. Loop Capital reduced their target price on shares of Manhattan Associates from $310.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. DA Davidson dropped their price target on shares of Manhattan Associates from $315.00 to $270.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Robert W. Baird increased their price objective on shares of Manhattan Associates from $263.00 to $304.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Raymond James cut their target price 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. Finally, Piper Sandler restated an “overweight” rating and issued a $268.00 price target (down from $326.00) on shares of Manhattan Associates in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Manhattan Associates has an average rating of “Moderate Buy” and a consensus target price of $273.33.

Insider Transactions at Manhattan Associates

In related news, SVP Bruce Richards sold 4,150 shares of Manhattan Associates stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $289.73, for a total value of $1,202,379.50. Following the sale, the senior vice president now owns 22,086 shares of the company’s stock, valued at approximately $6,398,976.78. The trade was a 15.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP James Stewart Gantt sold 3,475 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $288.10, for a total value of $1,001,147.50. Following the transaction, the executive vice president now directly owns 42,812 shares of the company’s stock, valued at approximately $12,334,137.20. This trade represents a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

Manhattan Associates Trading Up 1.4 %

Shares of MANH opened at $200.90 on Friday. The stock has a 50 day moving average of $270.72 and a 200 day moving average of $270.42. Manhattan Associates, Inc. has a 12 month low of $196.04 and a 12 month high of $312.60. The company has a market capitalization of $12.27 billion, a price-to-earnings ratio of 57.24 and a beta of 1.50.

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.