Pembroke Management LTD Has $14.49 Million Stake in Manhattan Associates, Inc. (NASDAQ:MANH)

Pembroke Management LTD grew its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 11.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,633 shares of the software maker's stock after purchasing an additional 5,655 shares during the quarter. Manhattan Associates makes up 1.8% of Pembroke Management LTD's portfolio, making the stock its 22nd largest holding. Pembroke Management LTD owned about 0.09% of Manhattan Associates worth $14,494,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Creative Planning grew its holdings in Manhattan Associates by 10.4% in the 3rd quarter. Creative Planning now owns 8,035 shares of the software maker's stock worth $2,261,000 after buying an additional 756 shares in the last quarter. Blue Trust Inc. grew its holdings in Manhattan Associates by 153.7% in the 3rd quarter. Blue Trust Inc. now owns 1,408 shares of the software maker's stock worth $396,000 after buying an additional 853 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Manhattan Associates by 118.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 173,644 shares of the software maker's stock worth $48,860,000 after buying an additional 94,283 shares in the last quarter. Crew Capital Management Ltd. grew its holdings in Manhattan Associates by 19.4% in the 3rd quarter. Crew Capital Management Ltd. now owns 3,972 shares of the software maker's stock worth $1,118,000 after buying an additional 644 shares in the last quarter. Finally, Wealth Effects LLC grew its holdings in Manhattan Associates by 20.8% in the 3rd quarter. Wealth Effects LLC now owns 1,305 shares of the software maker's stock worth $367,000 after buying an additional 225 shares in the last quarter. 98.45% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP James Stewart Gantt sold 3,475 shares of the company's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $288.10, for a total value of $1,001,147.50. Following the transaction, the executive vice president now directly owns 42,812 shares of the company's stock, valued at approximately $12,334,137.20. This represents a 7.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Bruce Richards sold 4,150 shares of the company's stock in a transaction on Friday, November 29th. The stock was sold at an average price of $289.73, for a total transaction of $1,202,379.50. Following the completion of the transaction, the senior vice president now directly owns 22,086 shares in the company, valued at $6,398,976.78. This trade represents a 15.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company's stock.

Manhattan Associates Stock Down 1.9 %

Shares of MANH traded down $3.47 during mid-day trading on Friday, reaching $182.51. The company's stock had a trading volume of 735,508 shares, compared to its average volume of 872,756. The business has a fifty day moving average of $247.68 and a 200 day moving average of $266.01. The company has a market cap of $11.16 billion, a price-to-earnings ratio of 52.00 and a beta of 1.50. Manhattan Associates, Inc. has a 1 year low of $169.94 and a 1 year high of $312.60.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on MANH shares. William Blair raised Manhattan Associates from a "market perform" rating to an "outperform" rating in a report on Thursday, February 13th. 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 research note on Wednesday, January 29th. Loop Capital decreased their price target on Manhattan Associates from $310.00 to $275.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. StockNews.com lowered Manhattan Associates from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Finally, Citigroup decreased their price target on Manhattan Associates from $306.00 to $303.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $273.33.

Manhattan Associates Company 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.