OMERS ADMINISTRATION Corp Cuts Stock Position in Manhattan Associates, Inc. (NASDAQ:MANH)

OMERS ADMINISTRATION Corp lowered its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 28.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,472 shares of the software maker's stock after selling 2,963 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Manhattan Associates were worth $2,019,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of MANH. Twin Tree Management LP bought a new position in Manhattan Associates in the 4th quarter valued at $25,000. Whipplewood Advisors LLC purchased a new stake in shares of Manhattan Associates during the fourth quarter valued at $34,000. Synergy Asset Management LLC bought a new position in shares of Manhattan Associates in the fourth quarter worth about $35,000. Transce3nd LLC purchased a new position in Manhattan Associates in the 4th quarter worth about $41,000. Finally, Bank of Jackson Hole Trust purchased a new position in Manhattan Associates in the 4th quarter worth about $72,000. Institutional investors own 98.45% of the company's stock.

Manhattan Associates Price Performance

MANH stock traded down $2.40 during trading on Wednesday, hitting $189.45. The stock had a trading volume of 147,211 shares, compared to its average volume of 583,344. Manhattan Associates, Inc. has a twelve month low of $140.81 and a twelve month high of $312.60. The company's 50-day moving average price is $173.46 and its two-hundred day moving average price is $222.60. The stock has a market capitalization of $11.50 billion, a P/E ratio of 53.96 and a beta of 1.13.

Analysts Set New Price Targets

MANH has been the subject of a number of research analyst reports. Raymond James decreased their target price on Manhattan Associates from $305.00 to $270.00 and set an "outperform" rating for the company in a research report on Wednesday, January 29th. DA Davidson lifted their price objective on Manhattan Associates from $195.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Robert W. Baird upped their price objective on shares of Manhattan Associates from $197.00 to $212.00 and gave the stock an "outperform" rating in a research note on Wednesday. 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 report on Friday, March 14th. Finally, Piper Sandler reduced 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. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Manhattan Associates presently has a consensus rating of "Moderate Buy" and a consensus price target of $203.71.

Insider Activity at Manhattan Associates

In other news, CFO Dennis B. Story sold 2,788 shares of Manhattan Associates 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 transaction, the chief financial officer now owns 101,263 shares in the company, valued at $17,298,758.29. The trade was a 2.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.88% of the stock is owned by corporate insiders.

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.