Manhattan Associates, Inc. (NASDAQ:MANH) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 87.8% in the 4th quarter, Holdings Channel reports. The fund owned 780 shares of the software maker’s stock after selling 5,619 shares during the period. SG Americas Securities LLC’s holdings in Manhattan Associates were worth $211,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. HB Wealth Management LLC acquired a new stake in Manhattan Associates during the 4th quarter valued at $315,000. Merit Financial Group LLC acquired a new stake in shares of Manhattan Associates during the fourth quarter valued at about $436,000. West Coast Financial LLC grew its stake in shares of Manhattan Associates by 0.5% during the fourth quarter. West Coast Financial LLC now owns 42,369 shares of the software maker’s stock valued at $11,450,000 after acquiring an additional 207 shares in the last quarter. Carolina Wealth Advisors LLC increased its position in shares of Manhattan Associates by 342.9% during the fourth quarter. Carolina Wealth Advisors LLC now owns 784 shares of the software maker’s stock worth $212,000 after acquiring an additional 607 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. lifted its stake in shares of Manhattan Associates by 3.9% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 5,273 shares of the software maker’s stock worth $1,425,000 after acquiring an additional 198 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MANH shares. Loop Capital dropped their price objective on Manhattan Associates from $310.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. DA Davidson dropped their price target on shares of Manhattan Associates from $315.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Raymond James reduced their price objective on shares of Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. StockNews.com lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, Truist Financial cut their target price on shares of Manhattan Associates from $310.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $273.33.

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates news, SVP Bruce Richards sold 4,150 shares of the stock in a transaction on Friday, November 29th. The stock was 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. This trade represents a 15.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP James Stewart Gantt sold 3,475 shares of the business’s stock in a transaction on 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 transaction, 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 position. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.

Manhattan Associates Stock Performance

NASDAQ MANH opened at $200.90 on Friday. Manhattan Associates, Inc. has a one year low of $196.04 and a one year high of $312.60. The company has a 50-day simple moving average of $270.72 and a 200-day simple moving average of $270.42. The firm has a market capitalization of $12.27 billion, a PE ratio of 57.24 and a beta of 1.50.

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.