Grandeur Peak Global Advisors LLC bought a new position in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,345 shares of the software maker's stock, valued at approximately $3,336,000.
Several other hedge funds and other institutional investors also recently modified their holdings of MANH. Twin Tree Management LP purchased a new position in Manhattan Associates in the 4th quarter valued at approximately $25,000. Whipplewood Advisors LLC purchased a new position in shares of Manhattan Associates in the fourth quarter valued at $34,000. Synergy Asset Management LLC purchased a new position in shares of Manhattan Associates in the fourth quarter valued at $35,000. Bank of Jackson Hole Trust bought a new stake in shares of Manhattan Associates during the 4th quarter valued at $72,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Manhattan Associates by 144.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 308 shares of the software maker's stock worth $83,000 after purchasing an additional 182 shares in the last quarter. Institutional investors own 98.45% of the company's stock.
Manhattan Associates Stock Up 1.8 %
Shares of NASDAQ MANH traded up $2.89 during midday trading on Thursday, reaching $163.98. The company had a trading volume of 245,954 shares, compared to its average volume of 559,921. The firm's fifty day moving average price is $171.66 and its 200-day moving average price is $240.18. Manhattan Associates, Inc. has a one year low of $140.81 and a one year high of $312.60. The stock has a market cap of $9.96 billion, a PE ratio of 46.62 and a beta of 1.36.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on MANH shares. Robert W. Baird lowered their price target 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 Manhattan Associates from a "market perform" rating to an "outperform" rating in a research note on Thursday, February 13th. Loop Capital reiterated a "hold" rating and set a $170.00 price target (down previously from $275.00) on shares of Manhattan Associates in a research report on Thursday, April 10th. DA Davidson decreased their price objective on shares of Manhattan Associates from $270.00 to $195.00 and set a "buy" rating on the stock in a research report on Monday. Finally, Raymond James dropped their target price on shares of Manhattan Associates from $305.00 to $270.00 and set an "outperform" rating for the company in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $212.67.
View Our Latest Research Report on MANH
Insider Transactions at Manhattan Associates
In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were 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 of the company's stock, 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 at the SEC website. Company insiders own 0.72% of the company's stock.
Manhattan Associates Company Profile
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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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