Manhattan Associates, Inc. (NASDAQ:MANH) Shares Acquired by Captrust Financial Advisors

Captrust Financial Advisors increased its position in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 26.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,194 shares of the software maker's stock after purchasing an additional 1,297 shares during the period. Captrust Financial Advisors' holdings in Manhattan Associates were worth $1,674,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Twin Tree Management LP purchased a new stake in Manhattan Associates during the 4th quarter valued at approximately $25,000. Whipplewood Advisors LLC purchased a new position in shares of Manhattan Associates during the 4th quarter worth approximately $34,000. Synergy Asset Management LLC purchased a new position in shares of Manhattan Associates during the 4th quarter worth approximately $35,000. Transce3nd LLC purchased a new position in shares of Manhattan Associates during the 4th quarter worth approximately $41,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of Manhattan Associates during the 4th quarter worth approximately $72,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Manhattan Associates

In other news, CFO Dennis B. Story sold 2,788 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $170.83, for a total transaction of $476,274.04. Following the sale, the chief financial officer now owns 101,263 shares in the company, valued at $17,298,758.29. This trade represents a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.88% of the stock is owned by insiders.

Manhattan Associates Price Performance

NASDAQ:MANH traded up $1.39 during trading hours on Friday, reaching $194.49. 451,024 shares of the company traded hands, compared to its average volume of 584,127. The firm's 50-day moving average is $172.36 and its 200-day moving average is $223.89. The stock has a market cap of $11.81 billion, a P/E ratio of 55.41 and a beta of 1.13. Manhattan Associates, Inc. has a 1-year low of $140.81 and a 1-year high of $312.60.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MANH. DA Davidson increased their target price on Manhattan Associates from $195.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Truist Financial increased their target price on Manhattan Associates from $180.00 to $190.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Loop Capital restated a "hold" rating and issued a $170.00 price target (down previously from $275.00) on shares of Manhattan Associates in a report on Thursday, April 10th. Citigroup lowered their price target on Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Finally, Robert W. Baird lowered their price target on Manhattan Associates from $282.00 to $225.00 and set an "outperform" rating on the stock in a report on Tuesday, March 18th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $205.57.

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.