Tower Research Capital LLC TRC lowered its holdings in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 27.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,861 shares of the software maker's stock after selling 1,861 shares during the quarter. Tower Research Capital LLC TRC's holdings in Manhattan Associates were worth $1,314,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Metis Global Partners LLC raised its holdings in Manhattan Associates by 7.0% in the fourth quarter. Metis Global Partners LLC now owns 837 shares of the software maker's stock worth $226,000 after purchasing an additional 55 shares in the last quarter. Kestra Investment Management LLC grew its position in shares of Manhattan Associates by 2.9% in the 4th quarter. Kestra Investment Management LLC now owns 2,055 shares of the software maker's stock worth $555,000 after buying an additional 57 shares during the last quarter. McGlone Suttner Wealth Management Inc. raised its stake in shares of Manhattan Associates by 8.3% during the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 813 shares of the software maker's stock worth $220,000 after acquiring an additional 62 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position in Manhattan Associates by 2.6% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,510 shares of the software maker's stock valued at $678,000 after acquiring an additional 63 shares during the last quarter. Finally, Kathmere Capital Management LLC boosted its stake in Manhattan Associates by 7.8% in the fourth quarter. Kathmere Capital Management LLC now owns 939 shares of the software maker's stock valued at $254,000 after acquiring an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.
Manhattan Associates Trading Up 1.1 %
Shares of MANH stock traded up $1.93 during trading hours on Tuesday, hitting $176.31. The company's stock had a trading volume of 61,452 shares, compared to its average volume of 569,223. The company has a 50 day moving average of $169.01 and a 200 day moving average of $233.05. Manhattan Associates, Inc. has a 12-month low of $140.81 and a 12-month high of $312.60. The stock has a market cap of $10.70 billion, a PE ratio of 50.20 and a beta of 1.36.
Insider Buying and Selling at Manhattan Associates
In other news, CFO Dennis B. Story sold 2,788 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $170.83, for a total value of $476,274.04. Following the sale, the chief financial officer now owns 101,263 shares in the company, valued at $17,298,758.29. This represents a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.72% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Several analysts have recently commented on MANH shares. Citigroup decreased their price objective on Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating for the company in a report on Friday, March 14th. DA Davidson raised their price target on Manhattan Associates from $195.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Piper Sandler cut their price objective on shares of Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. Robert W. Baird lowered their target price on shares of Manhattan Associates from $282.00 to $225.00 and set an "outperform" rating for the company in a research note on Tuesday, March 18th. Finally, Truist Financial raised their price target on shares of Manhattan Associates from $180.00 to $190.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Manhattan Associates has an average rating of "Moderate Buy" and an average target price of $212.38.
Read Our Latest Analysis on MANH
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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