Fox Run Management L.L.C. Buys 410 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Fox Run Management L.L.C. increased its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 16.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,937 shares of the software maker’s stock after purchasing an additional 410 shares during the period. Fox Run Management L.L.C.’s holdings in Manhattan Associates were worth $794,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MANH. Tokio Marine Asset Management Co. Ltd. purchased a new stake in Manhattan Associates during the fourth quarter valued at $3,890,000. GDS Wealth Management raised its stake in 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 purchasing an additional 4,683 shares in the last quarter. Oak Thistle LLC purchased a new stake in Manhattan Associates during the fourth quarter valued at $1,326,000. AustralianSuper Pty Ltd raised its stake in Manhattan Associates by 968.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 232,719 shares of the software maker’s stock valued at $62,890,000 after purchasing an additional 210,929 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Manhattan Associates during the fourth quarter valued at $1,200,000. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Trading Down 0.8 %

NASDAQ MANH opened at $171.08 on Monday. The company’s 50-day moving average price is $205.73 and its 200-day moving average price is $254.41. The stock has a market cap of $10.46 billion, a PE ratio of 48.74 and a beta of 1.47. Manhattan Associates, Inc. has a 12 month low of $163.10 and a 12 month high of $312.60.

Insider Transactions at Manhattan Associates

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $170.83, for a total transaction of $476,274.04. Following the transaction, the chief financial officer now directly owns 101,263 shares in the company, valued at $17,298,758.29. This represents a 2.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Robert W. Baird decreased their price target on shares of Manhattan Associates from $282.00 to $225.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 18th. William Blair raised shares of Manhattan Associates from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 13th. DA Davidson reduced 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 note on Wednesday, January 29th. Loop Capital reduced their target price on shares of Manhattan Associates from $310.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Finally, Citigroup reduced their target price on shares of Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $243.78.

Manhattan Associates 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.