Calamos Advisors LLC Sells 2,324 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Calamos Advisors LLC lowered its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 43.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,043 shares of the software maker's stock after selling 2,324 shares during the period. Calamos Advisors LLC's holdings in Manhattan Associates were worth $527,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. DAVENPORT & Co LLC acquired a new stake in Manhattan Associates during the first quarter worth approximately $214,000. Vontobel Holding Ltd. lifted its position in Manhattan Associates by 27.4% during the first quarter. Vontobel Holding Ltd. now owns 6,423 shares of the software maker's stock worth $1,111,000 after acquiring an additional 1,382 shares during the last quarter. Rovin Capital UT ADV acquired a new stake in Manhattan Associates during the first quarter worth approximately $233,000. Hixon Zuercher LLC raised its position in shares of Manhattan Associates by 24.9% in the first quarter. Hixon Zuercher LLC now owns 8,347 shares of the software maker's stock valued at $1,444,000 after buying an additional 1,665 shares in the last quarter. Finally, Hills Bank & Trust Co raised its position in shares of Manhattan Associates by 34.9% in the first quarter. Hills Bank & Trust Co now owns 2,194 shares of the software maker's stock valued at $380,000 after buying an additional 568 shares in the last quarter. Institutional investors own 98.45% of the company's stock.

Manhattan Associates Price Performance

NASDAQ MANH traded down $3.06 during trading hours on Thursday, reaching $199.78. The company's stock had a trading volume of 422,628 shares, compared to its average volume of 638,386. The firm has a fifty day simple moving average of $191.34 and a 200-day simple moving average of $199.63. The stock has a market cap of $12.13 billion, a P/E ratio of 57.08 and a beta of 1.08. Manhattan Associates, Inc. has a 52 week low of $140.81 and a 52 week high of $312.60.

Wall Street Analysts Forecast Growth

MANH has been the subject of a number of analyst reports. Robert W. Baird set a $212.00 price target on shares of Manhattan Associates and gave the company an "outperform" rating in a research report on Wednesday, May 21st. Redburn Atlantic downgraded shares of Manhattan Associates from a "buy" rating to a "neutral" rating and dropped their price target for the company from $270.00 to $200.00 in a research report on Tuesday, June 10th. Loop Capital reiterated a "hold" rating and issued a $170.00 price target (down from $275.00) on shares of Manhattan Associates in a research report on Thursday, April 10th. Citigroup dropped their price target on shares of Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Finally, DA Davidson lifted their price target on shares of Manhattan Associates from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $208.88.

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.