4,069 Shares in Manhattan Associates, Inc. (NASDAQ:MANH) Acquired by XTX Topco Ltd

XTX Topco Ltd acquired a new stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 4,069 shares of the software maker's stock, valued at approximately $1,100,000.

A number of other large investors also recently bought and sold shares of MANH. CreativeOne Wealth LLC boosted its stake in shares of Manhattan Associates by 6.5% in the fourth quarter. CreativeOne Wealth LLC now owns 5,106 shares of the software maker's stock valued at $1,380,000 after buying an additional 310 shares in the last quarter. Barclays PLC increased its holdings in shares of Manhattan Associates by 40.7% in the 4th quarter. Barclays PLC now owns 99,259 shares of the software maker's stock valued at $26,824,000 after purchasing an additional 28,702 shares in the last quarter. Seeds Investor LLC lifted its stake in shares of Manhattan Associates by 5.0% in the fourth quarter. Seeds Investor LLC now owns 1,556 shares of the software maker's stock valued at $420,000 after purchasing an additional 74 shares during the period. Optimize Financial Inc acquired a new position in Manhattan Associates during the fourth quarter worth about $220,000. Finally, Qtron Investments LLC increased its holdings in Manhattan Associates by 256.2% in the fourth quarter. Qtron Investments LLC now owns 3,167 shares of the software maker's stock valued at $856,000 after buying an additional 2,278 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.

Insiders Place Their Bets

In other news, CFO Dennis B. Story sold 2,788 shares of the company's 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 completion of the sale, the chief financial officer now directly owns 101,263 shares in the company, valued at $17,298,758.29. This represents a 2.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.72% of the stock is currently owned by insiders.

Manhattan Associates Stock Down 3.0 %

Shares of MANH traded down $4.90 during mid-day trading on Monday, hitting $158.67. The company had a trading volume of 73,788 shares, compared to its average volume of 561,533. Manhattan Associates, Inc. has a 1-year low of $140.81 and a 1-year high of $312.60. The business's 50-day simple moving average is $171.08 and its 200-day simple moving average is $238.06. The stock has a market cap of $9.63 billion, a PE ratio of 45.20 and a beta of 1.36.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Truist Financial dropped their price objective on Manhattan Associates from $285.00 to $185.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Citigroup cut their price target on Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Loop Capital reissued a "hold" rating and issued a $170.00 price objective (down from $275.00) on shares of Manhattan Associates in a research note on Thursday, April 10th. Raymond James reduced their price target on shares of Manhattan Associates from $305.00 to $270.00 and set an "outperform" rating on the stock in a report on Wednesday, January 29th. Finally, Robert W. Baird dropped their price objective 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. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $212.67.

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.