Daiwa Securities Group Inc. Has $1.57 Million Stake in Manhattan Associates, Inc. (NASDAQ:MANH)

Daiwa Securities Group Inc. lifted its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,804 shares of the software maker’s stock after buying an additional 200 shares during the period. Daiwa Securities Group Inc.’s holdings in Manhattan Associates were worth $1,568,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MANH. Ascent Group LLC lifted its stake in Manhattan Associates by 4.8% in the 3rd quarter. Ascent Group LLC now owns 896 shares of the software maker’s stock valued at $252,000 after acquiring an additional 41 shares in the last quarter. Huntington National Bank lifted its position in shares of Manhattan Associates by 5.9% in the third quarter. Huntington National Bank now owns 879 shares of the software maker’s stock worth $247,000 after purchasing an additional 49 shares in the last quarter. Metis Global Partners LLC lifted its position 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 purchasing an additional 55 shares in the last quarter. Kestra Investment Management LLC boosted its holdings in Manhattan Associates by 2.9% during the fourth 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 last quarter. Finally, CIBC Asset Management Inc grew its position in Manhattan Associates by 3.3% in the third quarter. CIBC Asset Management Inc now owns 1,798 shares of the software maker’s stock valued at $506,000 after purchasing an additional 58 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MANH has been the subject of a number of recent research reports. William Blair upgraded shares of Manhattan Associates from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 13th. DA Davidson reduced their price target on Manhattan Associates from $315.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. StockNews.com downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Raymond James dropped their price objective on Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. Finally, Loop Capital decreased their target price on shares of Manhattan Associates from $310.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Manhattan Associates has a consensus rating of “Moderate Buy” and a consensus target price of $252.56.

Manhattan Associates Trading Up 5.5 %

Shares of NASDAQ MANH opened at $172.50 on Friday. The company has a market capitalization of $10.54 billion, a P/E ratio of 49.15 and a beta of 1.47. Manhattan Associates, Inc. has a 12 month low of $163.10 and a 12 month high of $312.60. The stock has a 50 day moving average of $217.41 and a 200-day moving average of $258.16.

Insider Buying and Selling at Manhattan Associates

In other news, CFO Dennis B. Story sold 2,788 shares of the stock in a transaction dated 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 directly owns 101,263 shares of the company’s stock, valued at $17,298,758.29. This represents a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.72% of the company’s stock.

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.