Cavalier Investments LLC Boosts Stock Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Cavalier Investments LLC lifted its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,367 shares of the software maker’s stock after buying an additional 96 shares during the quarter. Cavalier Investments LLC’s holdings in Manhattan Associates were worth $640,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fidelis Capital Partners LLC boosted its position in shares of Manhattan Associates by 3.2% during the 3rd quarter. Fidelis Capital Partners LLC now owns 1,279 shares of the software maker’s stock worth $347,000 after acquiring an additional 40 shares in the last quarter. Ascent Group LLC boosted its position in shares of Manhattan Associates by 4.8% during the 3rd quarter. Ascent Group LLC now owns 896 shares of the software maker’s stock worth $252,000 after acquiring an additional 41 shares in the last quarter. Huntington National Bank boosted its position in shares of Manhattan Associates by 5.9% in the 3rd quarter. Huntington National Bank now owns 879 shares of the software maker’s stock valued at $247,000 after purchasing an additional 49 shares during the period. Kestra Investment Management LLC boosted its position in shares of Manhattan Associates by 2.9% in the 4th quarter. Kestra Investment Management LLC now owns 2,055 shares of the software maker’s stock valued at $555,000 after purchasing an additional 57 shares during the period. Finally, CIBC Asset Management Inc boosted its position in shares of Manhattan Associates by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 1,798 shares of the software maker’s stock valued at $506,000 after purchasing an additional 58 shares during the period. 98.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. StockNews.com cut Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Citigroup decreased their target price on Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. William Blair raised Manhattan Associates from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 13th. DA Davidson decreased their target price on Manhattan Associates from $315.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Finally, Loop Capital decreased their target price on Manhattan Associates from $310.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Manhattan Associates presently has an average rating of “Moderate Buy” and an average target price of $273.33.

Insider Buying and Selling at Manhattan Associates

In other news, SVP Bruce Richards sold 4,150 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $289.73, for a total transaction of $1,202,379.50. Following the completion of the transaction, the senior vice president now directly owns 22,086 shares of the company’s stock, valued at approximately $6,398,976.78. This represents a 15.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.72% of the stock is owned by company insiders.

Manhattan Associates Stock Up 0.6 %

MANH opened at $178.08 on Wednesday. The business has a 50 day moving average price of $242.86 and a two-hundred day moving average price of $265.38. The company has a market cap of $10.88 billion, a PE ratio of 50.74 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.

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.