D. E. Shaw & Co. Inc. lowered its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 73.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 37,196 shares of the software maker's stock after selling 103,248 shares during the period. D. E. Shaw & Co. Inc. owned about 0.06% of Manhattan Associates worth $10,052,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Manhattan Associates by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 6,702,557 shares of the software maker's stock valued at $1,811,299,000 after purchasing an additional 50,538 shares in the last quarter. FMR LLC increased its stake in Manhattan Associates by 16.2% in the fourth quarter. FMR LLC now owns 2,227,669 shares of the software maker's stock valued at $602,005,000 after purchasing an additional 310,257 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Manhattan Associates by 43.2% during the fourth quarter. Franklin Resources Inc. now owns 1,916,509 shares of the software maker's stock valued at $517,917,000 after buying an additional 578,295 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Manhattan Associates by 3.1% during the fourth quarter. Invesco Ltd. now owns 1,861,160 shares of the software maker's stock valued at $502,960,000 after buying an additional 55,334 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Manhattan Associates by 101.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,673,776 shares of the software maker's stock valued at $452,321,000 after buying an additional 841,276 shares during the last quarter. Institutional investors own 98.45% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on MANH shares. DA Davidson lifted their price objective on shares of Manhattan Associates from $195.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. William Blair upgraded shares of Manhattan Associates from a "market perform" rating to an "outperform" rating in a report on Thursday, February 13th. Robert W. Baird cut their price target on shares of Manhattan Associates from $282.00 to $225.00 and set an "outperform" rating on the stock in a report on Tuesday, March 18th. Citigroup dropped their target price on shares of Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Finally, Truist Financial boosted their target price on shares of Manhattan Associates from $180.00 to $190.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $205.57.
Check Out Our Latest Stock Report on MANH
Manhattan Associates Trading Down 0.9%
Shares of NASDAQ:MANH traded down $1.75 during trading on Monday, reaching $192.74. The company had a trading volume of 206,248 shares, compared to its average volume of 583,138. The company has a fifty day moving average of $172.36 and a two-hundred day moving average of $223.32. The stock has a market capitalization of $11.70 billion, a P/E ratio of 54.91 and a beta of 1.13. Manhattan Associates, Inc. has a 12 month low of $140.81 and a 12 month high of $312.60.
Insider Transactions at Manhattan Associates
In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the 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 of the company's stock, valued at $17,298,758.29. This represents a 2.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.88% of the company's stock.
About Manhattan Associates
(
Free Report)
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.
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