Jump Financial LLC Invests $687,000 in Manhattan Associates, Inc. (NASDAQ:MANH)

Jump Financial LLC purchased a new stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,541 shares of the software maker's stock, valued at approximately $687,000.

Several other institutional investors have also added to or reduced their stakes in the company. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in Manhattan Associates in the 4th quarter valued at $32,209,000. XTX Topco Ltd bought a new stake in Manhattan Associates in the 4th quarter valued at $1,100,000. CreativeOne Wealth LLC boosted its stake in Manhattan Associates by 6.5% in the 4th quarter. CreativeOne Wealth LLC now owns 5,106 shares of the software maker's stock valued at $1,380,000 after purchasing an additional 310 shares during the period. Barclays PLC raised its holdings in Manhattan Associates by 40.7% in the 4th quarter. Barclays PLC now owns 99,259 shares of the software maker's stock valued at $26,824,000 after acquiring an additional 28,702 shares in the last quarter. Finally, Seeds Investor LLC raised its holdings in Manhattan Associates by 5.0% in the 4th quarter. Seeds Investor LLC now owns 1,556 shares of the software maker's stock valued at $420,000 after acquiring an additional 74 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MANH. William Blair raised Manhattan Associates from a "market perform" rating to an "outperform" rating in a report on Thursday, February 13th. Citigroup dropped their price objective on Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating for the company in a report on Friday, March 14th. StockNews.com cut Manhattan Associates from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Raymond James dropped their price objective on Manhattan Associates from $305.00 to $270.00 and set an "outperform" rating for the company in a report on Wednesday, January 29th. Finally, Piper Sandler dropped their price objective on Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating for the company in a report on Friday, March 14th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $212.38.

Insider Buying and Selling

In related 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 transaction of $476,274.04. Following the sale, the chief financial officer now directly owns 101,263 shares in the company, valued at $17,298,758.29. This trade represents a 2.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is owned by corporate insiders.

Manhattan Associates Trading Down 0.1 %

NASDAQ:MANH traded down $0.20 during mid-day trading on Monday, hitting $174.38. 649,719 shares of the company's stock were exchanged, compared to its average volume of 571,196. The company has a 50 day simple moving average of $169.01 and a 200-day simple moving average of $233.05. Manhattan Associates, Inc. has a fifty-two week low of $140.81 and a fifty-two week high of $312.60. The firm has a market capitalization of $10.59 billion, a P/E ratio of 49.68 and a beta of 1.36.

Manhattan Associates Company 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.