Virtu Financial LLC bought a new stake 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 2,920 shares of the software maker's stock, valued at approximately $789,000.
Several other hedge funds have also made changes to their positions in the stock. Ascent Group LLC lifted its holdings in shares of Manhattan Associates by 4.8% during the 3rd quarter. Ascent Group LLC now owns 896 shares of the software maker's stock worth $252,000 after acquiring an additional 41 shares during the period. Metis Global Partners LLC raised its position in Manhattan Associates by 7.0% in the fourth quarter. Metis Global Partners LLC now owns 837 shares of the software maker's stock worth $226,000 after purchasing an additional 55 shares in the last quarter. Kestra Investment Management LLC lifted its stake in Manhattan Associates by 2.9% during the fourth quarter. Kestra Investment Management LLC now owns 2,055 shares of the software maker's stock worth $555,000 after purchasing an additional 57 shares during the period. McGlone Suttner Wealth Management Inc. lifted its stake in Manhattan Associates by 8.3% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 813 shares of the software maker's stock worth $220,000 after purchasing an additional 62 shares during the period. Finally, Freedom Investment Management Inc. boosted its holdings in Manhattan Associates by 3.2% during the third quarter. Freedom Investment Management Inc. now owns 2,203 shares of the software maker's stock valued at $620,000 after purchasing an additional 68 shares in the last quarter. Institutional investors own 98.45% of the company's stock.
Manhattan Associates Trading Down 0.8 %
Shares of MANH traded down $1.34 during mid-day trading on Friday, hitting $173.48. 691,685 shares of the company traded hands, compared to its average volume of 529,877. The stock has a market capitalization of $10.60 billion, a price-to-earnings ratio of 49.42 and a beta of 1.47. The business has a 50-day moving average of $196.17 and a 200 day moving average of $251.73. Manhattan Associates, Inc. has a one year low of $163.10 and a one year high of $312.60.
Insiders Place Their Bets
In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $170.83, for a total transaction of $476,274.04. Following the completion of the sale, the chief financial officer now owns 101,263 shares in the company, valued at approximately $17,298,758.29. The trade was a 2.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.72% of the company's stock.
Analysts Set New Price Targets
MANH has been the subject of several analyst reports. DA Davidson upgraded Manhattan Associates to a "strong-buy" rating in a research report on Monday. William Blair upgraded shares of Manhattan Associates from a "market perform" rating to an "outperform" rating in a research note on Thursday, February 13th. Loop Capital dropped their target price on shares of Manhattan Associates from $310.00 to $275.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Robert W. Baird reduced their price target on shares of Manhattan Associates from $282.00 to $225.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 18th. Finally, Piper Sandler dropped their price objective on shares of Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating for the company in a report on Friday, March 14th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Manhattan Associates presently has a consensus rating of "Moderate Buy" and a consensus target price of $243.78.
Read Our Latest Stock Analysis on MANH
Manhattan Associates Profile
(
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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