2,600 Shares in Manhattan Associates, Inc. (NASDAQ:MANH) Bought by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,600 shares of the software maker's stock, valued at approximately $703,000.

A number of other institutional investors have also recently made changes to their positions in the business. Twin Tree Management LP acquired a new stake in Manhattan Associates in the 4th quarter valued at about $25,000. Whipplewood Advisors LLC purchased a new stake in shares of Manhattan Associates during the fourth quarter worth approximately $34,000. Synergy Asset Management LLC acquired a new stake in Manhattan Associates in the fourth quarter valued at approximately $35,000. Brooklyn Investment Group purchased a new position in Manhattan Associates in the third quarter worth approximately $58,000. Finally, Bank of Jackson Hole Trust acquired a new position in Manhattan Associates during the 4th quarter worth approximately $72,000. Institutional investors and hedge funds own 98.45% of the company's stock.

Insider Activity at Manhattan Associates

In other news, CFO Dennis B. Story sold 2,788 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $170.83, for a total value of $476,274.04. Following the transaction, the chief financial officer now owns 101,263 shares of the company's stock, valued at approximately $17,298,758.29. The trade was a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.72% of the stock is currently owned by insiders.

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Manhattan Associates Trading Down 0.8 %

Shares of Manhattan Associates stock traded down $1.34 during trading on Friday, reaching $173.48. The company's stock had a trading volume of 691,685 shares, compared to its average volume of 529,360. Manhattan Associates, Inc. has a fifty-two week low of $163.10 and a fifty-two week high of $312.60. The firm has a market cap of $10.60 billion, a PE ratio of 49.42 and a beta of 1.47. The company has a 50-day moving average price of $198.17 and a two-hundred day moving average price of $252.30.

Analysts Set New Price Targets

MANH has been the topic of a number of analyst reports. Citigroup reduced their price objective on shares of Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Truist Financial decreased their price target on Manhattan Associates from $310.00 to $285.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. 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 research report on Tuesday, March 18th. Loop Capital cut their target price on Manhattan Associates from $310.00 to $275.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Finally, William Blair raised Manhattan Associates from a "market perform" rating to an "outperform" rating in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Manhattan Associates presently has an average rating of "Moderate Buy" and a consensus price target 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.