Manhattan Associates, Inc. (NASDAQ:MANH) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC reduced its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 1.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 15,586 shares of the software maker’s stock after selling 155 shares during the period. Gotham Asset Management LLC’s holdings in Manhattan Associates were worth $4,212,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Metis Global Partners LLC boosted its holdings in Manhattan Associates by 7.0% in the 4th quarter. Metis Global Partners LLC now owns 837 shares of the software maker’s stock worth $226,000 after acquiring an additional 55 shares during the period. BOKF NA lifted its position in shares of Manhattan Associates by 0.4% during the fourth quarter. BOKF NA now owns 13,271 shares of the software maker’s stock worth $3,522,000 after purchasing an additional 55 shares in the last quarter. Kestra Investment Management LLC boosted its stake in shares of Manhattan Associates by 2.9% in the fourth quarter. Kestra Investment Management LLC now owns 2,055 shares of the software maker’s stock valued at $555,000 after purchasing an additional 57 shares during the period. McGlone Suttner Wealth Management Inc. boosted its stake in shares of Manhattan Associates by 8.3% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 813 shares of the software maker’s stock valued at $220,000 after purchasing an additional 62 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. grew its holdings in Manhattan Associates by 2.6% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,510 shares of the software maker’s stock valued at $678,000 after purchasing an additional 63 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Manhattan Associates Stock Down 0.7%

Shares of NASDAQ MANH opened at $194.20 on Thursday. The stock’s 50 day moving average price is $171.28 and its two-hundred day moving average price is $225.03. Manhattan Associates, Inc. has a 52-week low of $140.81 and a 52-week high of $312.60. The stock has a market capitalization of $11.79 billion, a P/E ratio of 55.33 and a beta of 1.13.

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 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 transaction, the chief financial officer now owns 101,263 shares of the company’s stock, valued at $17,298,758.29. The trade was a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on MANH shares. Loop Capital reissued a “hold” rating and issued a $170.00 price objective (down from $275.00) on shares of Manhattan Associates in a research report on Thursday, April 10th. Truist Financial boosted their price target on Manhattan Associates from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, April 23rd. William Blair upgraded Manhattan Associates from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 13th. Robert W. Baird cut their target price on 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, Raymond James decreased their price target on shares of Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Manhattan Associates currently has an average rating of “Moderate Buy” and a consensus price target of $205.57.

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.