Manhattan Associates, Inc. (NASDAQ:MANH) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC lowered its holdings in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 28.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,489 shares of the software maker's stock after selling 1,778 shares during the period. OneDigital Investment Advisors LLC's holdings in Manhattan Associates were worth $1,213,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Twin Tree Management LP acquired a new stake in Manhattan Associates in the 4th quarter valued at $25,000. Synergy Asset Management LLC purchased a new stake in shares of Manhattan Associates during the 4th quarter valued at about $35,000. Whipplewood Advisors LLC purchased a new stake in shares of Manhattan Associates during the 4th quarter valued at about $34,000. Transce3nd LLC purchased a new position in Manhattan Associates in the 4th quarter worth approximately $41,000. Finally, Bank of Jackson Hole Trust acquired a new stake in Manhattan Associates in the fourth quarter valued at approximately $72,000. Hedge funds and other institutional investors own 98.45% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MANH shares. Citigroup dropped their price target 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. Loop Capital reaffirmed a "hold" rating and set a $170.00 price target (down previously from $275.00) on shares of Manhattan Associates in a research report on Thursday, April 10th. Robert W. Baird lowered their price objective on Manhattan Associates from $282.00 to $225.00 and set an "outperform" rating for the company in a report on Tuesday, March 18th. Truist Financial increased their target price on Manhattan Associates from $180.00 to $190.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Finally, StockNews.com downgraded Manhattan Associates from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $212.38.

Manhattan Associates Price Performance

NASDAQ:MANH traded up $0.17 during midday trading on Wednesday, reaching $176.42. 105,877 shares of the company traded hands, compared to its average volume of 570,800. Manhattan Associates, Inc. has a twelve month low of $140.81 and a twelve month high of $312.60. The company has a fifty day moving average price of $168.82 and a 200 day moving average price of $232.65. The firm has a market capitalization of $10.71 billion, a price-to-earnings ratio of 50.23 and a beta of 1.36.

Insider Transactions at Manhattan Associates

In other Manhattan Associates 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 completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.72% of the company's stock.

Manhattan Associates Profile

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.