Dock Street Asset Management Inc. Buys 4,137 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Dock Street Asset Management Inc. lifted its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 72,031 shares of the software maker’s stock after purchasing an additional 4,137 shares during the quarter. Manhattan Associates accounts for 2.3% of Dock Street Asset Management Inc.’s holdings, making the stock its 16th biggest holding. Dock Street Asset Management Inc. owned approximately 0.12% of Manhattan Associates worth $19,466,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of MANH. Fidelis Capital Partners LLC lifted its stake in Manhattan Associates by 3.2% during the third quarter. Fidelis Capital Partners LLC now owns 1,279 shares of the software maker’s stock worth $347,000 after purchasing an additional 40 shares during the last quarter. Ascent Group LLC boosted its stake in Manhattan Associates by 4.8% in the third quarter. Ascent Group LLC now owns 896 shares of the software maker’s stock valued at $252,000 after buying an additional 41 shares in the last quarter. UMB Bank n.a. boosted its stake in Manhattan Associates by 16.7% in the third quarter. UMB Bank n.a. now owns 301 shares of the software maker’s stock valued at $85,000 after buying an additional 43 shares in the last quarter. Huntington National Bank grew its position in Manhattan Associates by 5.9% in the third quarter. Huntington National Bank now owns 879 shares of the software maker’s stock valued at $247,000 after acquiring an additional 49 shares during the last quarter. Finally, CIBC Asset Management Inc raised its stake in Manhattan Associates by 3.3% during the third quarter. CIBC Asset Management Inc now owns 1,798 shares of the software maker’s stock worth $506,000 after acquiring an additional 58 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

Insider Buying and Selling

In other Manhattan Associates news, SVP Bruce Richards sold 4,150 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $289.73, for a total transaction of $1,202,379.50. Following the completion of the transaction, the senior vice president now owns 22,086 shares in the company, valued at approximately $6,398,976.78. This trade represents a 15.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James Stewart Gantt sold 3,475 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $288.10, for a total transaction of $1,001,147.50. Following the completion of the transaction, the executive vice president now owns 42,812 shares in the company, valued at $12,334,137.20. This trade 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 insiders.

Manhattan Associates Trading Down 1.3 %

Shares of MANH opened at $198.07 on Friday. The stock’s 50-day moving average price is $272.42 and its two-hundred day moving average price is $270.59. Manhattan Associates, Inc. has a 12 month low of $196.04 and a 12 month high of $312.60. The company has a market capitalization of $12.10 billion, a PE ratio of 56.43 and a beta of 1.50.

Analyst Ratings Changes

MANH has been the topic of several research reports. Citigroup decreased their price target on shares of Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Truist Financial decreased their target price on shares of Manhattan Associates from $310.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. DA Davidson dropped their price target on Manhattan Associates from $315.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Loop Capital reduced their price objective 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. Finally, Robert W. Baird upped their target price on Manhattan Associates from $263.00 to $304.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Manhattan Associates presently has an average rating of “Moderate Buy” and an average price target of $273.33.

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.