South Dakota Investment Council Has $3.24 Million Stock Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

South Dakota Investment Council grew its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 48.2% during the fourth quarter, Holdings Channel reports. The firm owned 11,969 shares of the software maker’s stock after acquiring an additional 3,892 shares during the quarter. South Dakota Investment Council’s holdings in Manhattan Associates were worth $3,235,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MANH. Capital Performance Advisors LLP acquired a new position in shares of Manhattan Associates in the 3rd quarter valued at about $34,000. Synergy Asset Management LLC acquired a new position in shares of Manhattan Associates in the 4th quarter valued at about $35,000. Ashton Thomas Securities LLC acquired a new position in shares of Manhattan Associates in the 3rd quarter valued at about $42,000. Brooklyn Investment Group acquired a new position in shares of Manhattan Associates in the 3rd quarter valued at about $58,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Manhattan Associates in the 4th quarter valued at about $72,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Manhattan Associates Stock Down 1.9 %

Shares of Manhattan Associates stock opened at $182.51 on Monday. The company has a market cap of $11.16 billion, a PE ratio of 52.00 and a beta of 1.50. Manhattan Associates, Inc. has a 52 week low of $169.94 and a 52 week high of $312.60. The business has a 50 day moving average price of $247.68 and a 200-day moving average price of $266.37.

Analysts Set New Price Targets

MANH has been the topic of a number of recent analyst reports. Piper Sandler reissued an “overweight” rating and issued a $268.00 price objective (down from $326.00) on shares of Manhattan Associates in a research note on Wednesday, January 29th. William Blair raised Manhattan Associates from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 13th. Citigroup dropped their price target 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. StockNews.com downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, Loop Capital dropped their price target on Manhattan Associates from $310.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Manhattan Associates has an average rating of “Moderate Buy” and a consensus target price of $273.33.

Insider Transactions at Manhattan Associates

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

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.