Manhattan Associates, Inc. (NASDAQ:MANH) Shares Acquired by Global Retirement Partners LLC

Global Retirement Partners LLC increased its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 18.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,924 shares of the software maker’s stock after acquiring an additional 779 shares during the quarter. Global Retirement Partners LLC’s holdings in Manhattan Associates were worth $1,331,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Capital Performance Advisors LLP purchased a new position in Manhattan Associates in the 3rd quarter valued at $34,000. Synergy Asset Management LLC purchased a new position in Manhattan Associates in the 4th quarter valued at $35,000. Ashton Thomas Securities LLC purchased a new position in Manhattan Associates in the 3rd quarter valued at $42,000. Brooklyn Investment Group purchased a new position in Manhattan Associates in the 3rd quarter valued at $58,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Manhattan Associates during the 3rd quarter worth $63,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Bruce Richards sold 4,150 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $289.73, for a total value of $1,202,379.50. Following the completion of the transaction, the senior vice president now owns 22,086 shares of the company’s stock, valued at approximately $6,398,976.78. The trade was a 15.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP James Stewart Gantt sold 3,475 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were 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 directly owns 42,812 shares of the company’s stock, valued at $12,334,137.20. The trade was a 7.51 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on MANH. DA Davidson decreased their target price on shares of Manhattan Associates from $315.00 to $270.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Raymond James decreased their target price on shares of Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. StockNews.com lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Piper Sandler restated an “overweight” rating and set a $268.00 target price (down from $326.00) on shares of Manhattan Associates in a research report on Wednesday, January 29th. Finally, Citigroup decreased their target price on shares of Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $273.33.

Manhattan Associates Stock Down 1.9 %

Manhattan Associates stock opened at $182.51 on Friday. Manhattan Associates, Inc. has a 52 week low of $169.94 and a 52 week high of $312.60. The firm’s 50-day simple moving average is $247.68 and its 200 day simple moving average is $266.01. The firm has a market capitalization of $11.16 billion, a PE ratio of 52.00 and a beta of 1.50.

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.