Vinva Investment Management Ltd Sells 4,981 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Vinva Investment Management Ltd lessened its holdings in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 10.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,327 shares of the software maker's stock after selling 4,981 shares during the period. Vinva Investment Management Ltd owned 0.07% of Manhattan Associates worth $11,477,000 as of its most recent SEC filing.

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

Manhattan Associates Stock Performance

Shares of MANH traded down $1.36 on Friday, hitting $171.08. 2,852,768 shares of the stock traded hands, compared to its average volume of 514,230. The company has a market capitalization of $10.46 billion, a PE ratio of 48.74 and a beta of 1.47. The business has a 50 day simple moving average of $205.73 and a 200 day simple moving average of $254.43. Manhattan Associates, Inc. has a one year low of $163.10 and a one year high of $312.60.

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Insider Activity at Manhattan Associates

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of Manhattan Associates stock in a transaction that occurred 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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.72% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MANH has been the topic of a number of recent research reports. William Blair raised Manhattan Associates from a "market perform" rating to an "outperform" rating in a research note on Thursday, February 13th. Piper Sandler cut their target price on Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating on the stock in a research note on Friday, March 14th. Raymond James lowered their price objective on shares of Manhattan Associates from $305.00 to $270.00 and set an "outperform" rating for the company in a report on Wednesday, January 29th. Truist Financial lowered their price objective on shares of Manhattan Associates from $310.00 to $285.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Finally, Loop Capital lowered their price objective on shares of Manhattan Associates from $310.00 to $275.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Manhattan Associates has a consensus rating of "Moderate Buy" and an average target price of $243.78.

About Manhattan Associates

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.