Squarepoint Ops LLC lessened its stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 6.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,092 shares of the software maker's stock after selling 8,449 shares during the period. Squarepoint Ops LLC owned 0.20% of Manhattan Associates worth $33,535,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MANH. Massachusetts Financial Services Co. MA raised its holdings in shares of Manhattan Associates by 101.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,673,776 shares of the software maker's stock valued at $452,321,000 after purchasing an additional 841,276 shares in the last quarter. Norges Bank purchased a new position in shares of Manhattan Associates in the 4th quarter valued at $201,377,000. JPMorgan Chase & Co. raised its position in shares of Manhattan Associates by 213.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,009,913 shares of the software maker's stock worth $284,169,000 after acquiring an additional 687,933 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Manhattan Associates by 43.2% during the 4th quarter. Franklin Resources Inc. now owns 1,916,509 shares of the software maker's stock worth $517,917,000 after purchasing an additional 578,295 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its position in Manhattan Associates by 2,075.5% during the fourth quarter. Lazard Asset Management LLC now owns 399,066 shares of the software maker's stock valued at $107,842,000 after purchasing an additional 380,722 shares in the last quarter. Institutional investors own 98.45% of the company's stock.
Analyst Ratings Changes
Several research firms recently issued reports on MANH. Loop Capital reissued a "hold" rating and issued a $170.00 target price (down from $275.00) on shares of Manhattan Associates in a research report on Thursday, April 10th. Citigroup reduced their target price 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. Piper Sandler dropped their target price on Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. Raymond James lowered their price objective on Manhattan Associates from $305.00 to $270.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 29th. Finally, William Blair upgraded shares of Manhattan Associates from a "market perform" rating to an "outperform" rating in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $210.14.
Get Our Latest Stock Report on Manhattan Associates
Manhattan Associates Stock Down 1.2%
MANH traded down $2.26 during trading on Monday, reaching $185.23. The company's stock had a trading volume of 692,253 shares, compared to its average volume of 589,240. The firm has a fifty day simple moving average of $174.25 and a two-hundred day simple moving average of $220.41. The company has a market cap of $11.25 billion, a price-to-earnings ratio of 52.77 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.
Insider Buying and Selling at Manhattan Associates
In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of Manhattan Associates 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 directly owns 101,263 shares of the company's stock, valued at $17,298,758.29. The trade was a 2.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.88% of the stock is owned by company insiders.
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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