Manhattan Associates, Inc. (NASDAQ:MANH) Stock Position Lessened by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 87.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 780 shares of the software maker's stock after selling 5,619 shares during the quarter. SG Americas Securities LLC's holdings in Manhattan Associates were worth $211,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MANH. Capital Performance Advisors LLP purchased a new position in Manhattan Associates in the 3rd quarter valued at approximately $34,000. Ashton Thomas Securities LLC acquired a new stake in Manhattan Associates in the third quarter valued at $42,000. Carolina Wealth Advisors LLC purchased a new position in shares of Manhattan Associates in the third quarter valued at $50,000. Brooklyn Investment Group acquired a new position in shares of Manhattan Associates during the 3rd quarter worth $58,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Manhattan Associates in the 3rd quarter worth about $63,000. Hedge funds and other institutional investors own 98.45% of the company's stock.

Insiders Place Their Bets

In other Manhattan Associates news, SVP Bruce Richards sold 4,150 shares of the company's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $289.73, for a total value of $1,202,379.50. Following the completion of the transaction, the senior vice president now directly owns 22,086 shares of the company's stock, valued at $6,398,976.78. This represents a 15.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP James Stewart Gantt sold 3,475 shares of the 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 completion of the transaction, the executive vice president now directly owns 42,812 shares of the company's stock, valued at $12,334,137.20. This represents a 7.51 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.

Manhattan Associates Stock Up 0.4 %

Shares of NASDAQ MANH traded up $0.63 on Tuesday, hitting $178.33. The company had a trading volume of 4,000,280 shares, compared to its average volume of 848,358. Manhattan Associates, Inc. has a 12-month low of $169.94 and a 12-month high of $312.60. The firm has a market capitalization of $10.89 billion, a P/E ratio of 50.81 and a beta of 1.50. The business has a 50 day moving average of $266.18 and a two-hundred day moving average of $269.83.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. StockNews.com lowered shares of Manhattan Associates from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. DA Davidson lowered their price objective on Manhattan Associates from $315.00 to $270.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Loop Capital reduced 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. Truist Financial lowered 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. Finally, Robert W. Baird upped their price objective on shares of Manhattan Associates from $263.00 to $304.00 and gave the company an "outperform" rating in a research note on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Manhattan Associates presently has an average rating of "Moderate Buy" and a consensus target price of $273.33.

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.