Yousif Capital Management LLC Sells 987 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Yousif Capital Management LLC lessened its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 4.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 21,813 shares of the software maker’s stock after selling 987 shares during the period. Yousif Capital Management LLC’s holdings in Manhattan Associates were worth $5,895,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MANH. Tokio Marine Asset Management Co. Ltd. bought a new stake in Manhattan Associates during the 4th quarter valued at approximately $3,890,000. GDS Wealth Management raised its position in shares of Manhattan Associates by 281.4% during the fourth quarter. GDS Wealth Management now owns 6,347 shares of the software maker’s stock valued at $1,715,000 after buying an additional 4,683 shares during the last quarter. Oak Thistle LLC purchased a new position in shares of Manhattan Associates in the fourth quarter worth $1,326,000. GAMMA Investing LLC boosted its position in shares of Manhattan Associates by 47.5% during the third quarter. GAMMA Investing LLC now owns 1,186 shares of the software maker’s stock worth $334,000 after acquiring an additional 382 shares during the last quarter. Finally, Smith Group Asset Management LLC increased its holdings in 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 valued at $25,195,000 after acquiring an additional 1,641 shares during the last quarter. 98.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. DA Davidson dropped their price objective on shares of Manhattan Associates from $315.00 to $270.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Truist Financial dropped their price target on Manhattan Associates from $310.00 to $285.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Citigroup reduced their price objective on Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Raymond James lowered their target price on Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. Finally, Loop Capital reduced their price target 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. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Manhattan Associates currently has an average rating of “Moderate Buy” and an average price target of $273.33.

Insider Activity at Manhattan Associates

In other Manhattan Associates news, EVP James Stewart Gantt sold 3,475 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $288.10, for a total value of $1,001,147.50. Following the transaction, the executive vice president now owns 42,812 shares of the company’s stock, valued at $12,334,137.20. This represents a 7.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Bruce Richards sold 4,150 shares of Manhattan Associates 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 sale, the senior vice president now owns 22,086 shares of the company’s stock, valued at approximately $6,398,976.78. This trade represents a 15.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.

Manhattan Associates Trading Down 1.3 %

Shares of MANH opened at $198.07 on Friday. The company’s fifty day simple moving average is $272.42 and its 200-day simple moving average is $270.59. The company has a market cap of $12.10 billion, a P/E ratio of 56.43 and a beta of 1.50. Manhattan Associates, Inc. has a twelve month low of $196.04 and a twelve month high of $312.60.

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.