Susquehanna Fundamental Investments LLC Purchases New Shares in Manhattan Associates, Inc. (NASDAQ:MANH)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,500 shares of the software maker's stock, valued at approximately $1,216,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Manhattan Associates in the 3rd quarter valued at approximately $502,000. JPMorgan Chase & Co. increased its stake in Manhattan Associates by 213.7% during the third 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 during the last quarter. GAMMA Investing LLC increased its stake in Manhattan Associates by 40.1% during the fourth quarter. GAMMA Investing LLC now owns 1,662 shares of the software maker's stock worth $449,000 after acquiring an additional 476 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in Manhattan Associates in the fourth quarter valued at $484,000. Finally, PFW Advisors LLC acquired a new position in shares of Manhattan Associates in the 4th quarter valued at $467,000. Institutional investors and hedge funds own 98.45% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MANH shares. Robert W. Baird reduced their price objective 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. William Blair upgraded shares of Manhattan Associates from a "market perform" rating to an "outperform" rating in a report on Thursday, February 13th. Loop Capital reissued a "hold" rating and issued a $170.00 target price (down previously from $275.00) on shares of Manhattan Associates in a research report on Thursday, April 10th. Citigroup lowered their price target on 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, 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 assigned a buy rating to the company's stock. According to MarketBeat.com, Manhattan Associates presently has an average rating of "Moderate Buy" and a consensus price target of $212.38.

Manhattan Associates Price Performance

Shares of MANH traded down $0.97 during mid-day trading on Tuesday, reaching $183.02. The company's stock had a trading volume of 285,303 shares, compared to its average volume of 573,225. The company's 50 day moving average is $168.98 and its 200 day moving average is $228.76. The stock has a market cap of $11.11 billion, a PE ratio of 52.19 and a beta of 1.36. Manhattan Associates, Inc. has a 12-month low of $140.81 and a 12-month high of $312.60.

Insiders Place Their Bets

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

Manhattan Associates Company 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.