Manhattan Associates, Inc. (NASDAQ:MANH) Stock Holdings Lowered by Blair William & Co. IL

Blair William & Co. IL lessened its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 33.4% during the fourth quarter, Holdings Channel reports. The fund owned 6,015 shares of the software maker’s stock after selling 3,013 shares during the quarter. Blair William & Co. IL’s holdings in Manhattan Associates were worth $1,625,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Townsquare Capital LLC raised its holdings in shares of Manhattan Associates by 16.2% during the third quarter. Townsquare Capital LLC now owns 1,901 shares of the software maker’s stock valued at $535,000 after buying an additional 265 shares during the last quarter. Verition Fund Management LLC acquired a new stake in Manhattan Associates in the 3rd quarter valued at approximately $990,000. Erste Asset Management GmbH bought a new stake in Manhattan Associates during the 3rd quarter valued at $5,796,000. Ascent Group LLC boosted its position in Manhattan Associates by 4.8% during the 3rd quarter. Ascent Group LLC now owns 896 shares of the software maker’s stock worth $252,000 after acquiring an additional 41 shares during the period. Finally, HighTower Advisors LLC grew its stake in shares of Manhattan Associates by 6.4% in the third quarter. HighTower Advisors LLC now owns 5,002 shares of the software maker’s stock worth $1,415,000 after purchasing an additional 301 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Insider Activity

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 stock was sold at an average price of $170.83, for a total transaction of $476,274.04. Following the sale, the chief financial officer now owns 101,263 shares in the company, valued at approximately $17,298,758.29. The trade was a 2.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.72% of the stock is currently owned by company insiders.

Manhattan Associates Stock Up 1.0 %

MANH opened at $174.76 on Wednesday. The firm has a market cap of $10.68 billion, a PE ratio of 49.79 and a beta of 1.47. The business has a fifty day simple moving average of $192.01 and a 200-day simple moving average of $250.29. Manhattan Associates, Inc. has a fifty-two week low of $163.10 and a fifty-two week high of $312.60.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MANH. Raymond James cut their price objective on shares of Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. StockNews.com lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Loop Capital lowered their price objective on shares of Manhattan Associates from $310.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. DA Davidson raised Manhattan Associates to a “strong-buy” rating in a report on Monday, March 24th. Finally, Robert W. Baird decreased their price target on Manhattan Associates from $282.00 to $225.00 and set an “outperform” rating for the company in a research note on Tuesday, March 18th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.78.

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.