Orion Portfolio Solutions LLC Has $3.45 Million Stock Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Orion Portfolio Solutions LLC lowered its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 16.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,770 shares of the software maker’s stock after selling 2,479 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Manhattan Associates were worth $3,451,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in MANH. Tokio Marine Asset Management Co. Ltd. bought a new position in shares of Manhattan Associates during the fourth quarter valued at $3,890,000. GDS Wealth Management lifted its holdings in Manhattan Associates by 281.4% during the 4th quarter. GDS Wealth Management now owns 6,347 shares of the software maker’s stock worth $1,715,000 after buying an additional 4,683 shares during the period. Oak Thistle LLC acquired a new position in Manhattan Associates during the 4th quarter worth about $1,326,000. AustralianSuper Pty Ltd grew its position in shares of Manhattan Associates by 968.0% in the 4th quarter. AustralianSuper Pty Ltd now owns 232,719 shares of the software maker’s stock valued at $62,890,000 after buying an additional 210,929 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Manhattan Associates in the fourth quarter worth approximately $1,200,000. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

MANH stock opened at $173.48 on Monday. The stock’s 50 day simple moving average is $196.17 and its 200 day simple moving average is $251.56. The company has a market cap of $10.60 billion, a P/E ratio of 49.42 and a beta of 1.47. Manhattan Associates, Inc. has a fifty-two week low of $163.10 and a fifty-two week high of $312.60.

Analysts Set New Price Targets

A number of analysts have weighed in on MANH shares. Piper Sandler decreased their target price on shares of Manhattan Associates from $268.00 to $200.00 and set an “overweight” rating for the company in a research report on Friday, March 14th. Raymond James decreased their price objective on shares of Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. StockNews.com lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Robert W. Baird decreased their price target on Manhattan Associates from $282.00 to $225.00 and set an “outperform” rating for the company in a report on Tuesday, March 18th. Finally, Citigroup lowered their price objective on Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.78.

Insider Activity

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $170.83, for a total transaction of $476,274.04. Following the completion of the sale, the chief financial officer now owns 101,263 shares in the company, valued at approximately $17,298,758.29. The trade was a 2.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate 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.