Manhattan Associates, Inc. (NASDAQ:MANH) Shares Sold by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. trimmed its stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 5.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,311 shares of the software maker's stock after selling 5,664 shares during the period. Braun Stacey Associates Inc. owned approximately 0.15% of Manhattan Associates worth $25,216,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Capital Performance Advisors LLP acquired a new stake in Manhattan Associates during the 3rd quarter worth $34,000. Synergy Asset Management LLC acquired a new stake in Manhattan Associates during the 4th quarter worth $35,000. Ashton Thomas Securities LLC acquired a new stake in Manhattan Associates during the 3rd quarter worth $42,000. Carolina Wealth Advisors LLC acquired a new stake in Manhattan Associates during the 3rd quarter worth $50,000. Finally, Brooklyn Investment Group acquired a new stake in Manhattan Associates during the 3rd quarter worth $58,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Manhattan Associates

In other Manhattan Associates news, EVP James Stewart Gantt sold 3,475 shares of the company's stock in a transaction dated 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 sale, the executive vice president now owns 42,812 shares of the company's stock, valued at $12,334,137.20. This represents a 7.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bruce Richards sold 4,150 shares of the firm's stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 22,086 shares of the company's stock, valued at approximately $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. Company insiders own 0.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MANH shares. StockNews.com cut shares of Manhattan Associates from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Citigroup decreased their price target on shares of Manhattan Associates from $306.00 to $303.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. Piper Sandler reiterated an "overweight" rating and set a $268.00 price target (down previously from $326.00) on shares of Manhattan Associates in a research note on Wednesday, January 29th. DA Davidson reduced their target price on shares of Manhattan Associates from $315.00 to $270.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Finally, William Blair upgraded shares of Manhattan Associates from a "market perform" rating to an "outperform" rating in a research note on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $273.33.

Manhattan Associates Stock Down 1.9 %

Shares of NASDAQ MANH traded down $3.47 during midday trading on Friday, hitting $182.51. The company had a trading volume of 735,508 shares, compared to its average volume of 872,756. Manhattan Associates, Inc. has a twelve month low of $169.94 and a twelve month high of $312.60. The business has a 50-day simple moving average of $247.68 and a two-hundred day simple moving average of $266.01. The firm has a market capitalization of $11.16 billion, a price-to-earnings ratio of 52.00 and a beta of 1.50.

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.