Manhattan Associates, Inc. (NASDAQ:MANH) Shares Sold by Circle Wealth Management LLC

Circle Wealth Management LLC reduced its position in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 47.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,778 shares of the software maker's stock after selling 1,606 shares during the quarter. Circle Wealth Management LLC's holdings in Manhattan Associates were worth $480,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MANH. Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of Manhattan Associates in the 4th quarter valued at about $3,890,000. GDS Wealth Management lifted its stake in Manhattan Associates by 281.4% during the 4th quarter. GDS Wealth Management now owns 6,347 shares of the software maker's stock valued at $1,715,000 after acquiring an additional 4,683 shares during the period. Oak Thistle LLC acquired a new stake in Manhattan Associates during the 4th quarter valued at approximately $1,326,000. AustralianSuper Pty Ltd lifted its stake in Manhattan Associates by 968.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 232,719 shares of the software maker's stock valued at $62,890,000 after acquiring an additional 210,929 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Manhattan Associates during the 4th quarter valued at approximately $1,200,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Manhattan Associates Stock Down 1.2%

Shares of Manhattan Associates stock traded down $2.19 during trading hours on Friday, reaching $184.67. 377,361 shares of the company's stock were exchanged, compared to its average volume of 578,459. Manhattan Associates, Inc. has a 1 year low of $140.81 and a 1 year high of $312.60. The company has a market capitalization of $11.21 billion, a P/E ratio of 52.61 and a beta of 1.13. The business has a fifty day moving average of $169.82 and a two-hundred day moving average of $226.01.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MANH shares. Raymond James cut their target price on shares of Manhattan Associates from $305.00 to $270.00 and set an "outperform" rating for the company in a report on Wednesday, January 29th. Robert W. Baird cut their price target on shares of Manhattan Associates from $282.00 to $225.00 and set an "outperform" rating for the company in a report on Tuesday, March 18th. Piper Sandler cut their price target on shares of Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating for the company in a report on Friday, March 14th. Loop Capital reissued 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. Finally, Citigroup cut their price target on shares of Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $212.38.

Insider Transactions at Manhattan Associates

In other news, CFO Dennis B. Story sold 2,788 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $170.83, for a total transaction of $476,274.04. Following the transaction, the chief financial officer now owns 101,263 shares of the company's stock, valued at approximately $17,298,758.29. The trade was a 2.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.88% of the company's stock.

About Manhattan Associates

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.