Virtu Financial LLC Invests $789,000 in Manhattan Associates, Inc. (NASDAQ:MANH)

Virtu Financial LLC purchased a new stake in Manhattan Associates, Inc. (NASDAQ:MANH) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,920 shares of the software maker’s stock, valued at approximately $789,000.

A number of other institutional investors have also recently modified their holdings of the business. Tokio Marine Asset Management Co. Ltd. acquired a new stake in Manhattan Associates in the fourth quarter valued at $3,890,000. GDS Wealth Management increased its holdings in shares of Manhattan Associates by 281.4% in the 4th 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 acquired a new stake in shares of Manhattan Associates in the fourth quarter valued at about $1,326,000. AustralianSuper Pty Ltd boosted its holdings in Manhattan Associates by 968.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 232,719 shares of the software maker’s stock worth $62,890,000 after buying an additional 210,929 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Manhattan Associates during the fourth quarter worth about $1,200,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $170.83, for a total transaction of $476,274.04. Following the transaction, the chief financial officer now owns 101,263 shares of the company’s stock, valued at $17,298,758.29. This represents a 2.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.72% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently commented on MANH. Robert W. Baird decreased their price target on Manhattan Associates from $282.00 to $225.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 18th. DA Davidson decreased their target price on 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 dropped their price target 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. Piper Sandler decreased their price objective on shares of Manhattan Associates from $268.00 to $200.00 and set an “overweight” rating on the stock in a research report on Friday, March 14th. Finally, Truist Financial dropped their target price on shares of Manhattan Associates from $310.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $243.78.

Manhattan Associates Price Performance

Shares of NASDAQ MANH opened at $177.97 on Tuesday. The company has a 50-day simple moving average of $203.99 and a 200-day simple moving average of $253.88. The company has a market cap of $10.88 billion, a PE ratio of 50.70 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.

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.