Manhattan Associates, Inc. (NASDAQ:MANH) Shares Sold by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC trimmed its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 16.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,667 shares of the software maker’s stock after selling 516 shares during the period. Greenwood Capital Associates LLC’s holdings in Manhattan Associates were worth $721,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. acquired a new stake in Manhattan Associates during the fourth quarter worth about $3,890,000. Oak Thistle LLC bought a new position in shares of Manhattan Associates during the fourth quarter valued at approximately $1,326,000. GAMMA Investing LLC raised its position in shares of Manhattan Associates by 47.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,186 shares of the software maker’s stock worth $334,000 after purchasing an additional 382 shares during the period. Smith Group Asset Management LLC lifted its holdings in shares of Manhattan Associates by 1.8% in the 4th quarter. Smith Group Asset Management LLC now owns 93,232 shares of the software maker’s stock worth $25,195,000 after purchasing an additional 1,641 shares during the last quarter. Finally, Mediolanum International Funds Ltd boosted its position in Manhattan Associates by 602.0% during the 3rd quarter. Mediolanum International Funds Ltd now owns 20,042 shares of the software maker’s stock valued at $5,607,000 after purchasing an additional 17,187 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

Shares of MANH stock opened at $196.51 on Wednesday. Manhattan Associates, Inc. has a 1 year low of $196.04 and a 1 year high of $312.60. The business’s fifty day moving average is $275.95 and its 200-day moving average is $271.59. The stock has a market cap of $12.00 billion, a PE ratio of 55.99 and a beta of 1.50.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MANH. Truist Financial cut their target price on Manhattan Associates from $310.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Loop Capital cut their price objective on shares of Manhattan Associates from $310.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Citigroup decreased their target price on shares of Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Robert W. Baird lifted their price target on Manhattan Associates from $263.00 to $304.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Finally, Piper Sandler reiterated an “overweight” rating and set a $268.00 price objective (down from $326.00) on shares of Manhattan Associates in a research report on Wednesday, January 29th. 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $273.33.

Insider Buying and Selling

In other Manhattan Associates news, SVP Bruce Richards sold 4,150 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $289.73, for a total value of $1,202,379.50. Following the transaction, the senior vice president now owns 22,086 shares of the company’s stock, valued at approximately $6,398,976.78. This represents a 15.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James Stewart Gantt sold 3,475 shares of the stock in a transaction on 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 sale, the executive vice president now owns 42,812 shares of the company’s stock, 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 corporate insiders.

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.