Manhattan Associates, Inc. (NASDAQ:MANH) Shares Bought by Global Retirement Partners LLC

Global Retirement Partners LLC grew its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 18.8% in the fourth quarter, HoldingsChannel reports. The fund owned 4,924 shares of the software maker’s stock after buying an additional 779 shares during the quarter. Global Retirement Partners LLC’s holdings in Manhattan Associates were worth $1,331,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MANH. Creative Planning increased its stake in shares of Manhattan Associates by 10.4% during the 3rd quarter. Creative Planning now owns 8,035 shares of the software maker’s stock valued at $2,261,000 after acquiring an additional 756 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Manhattan Associates during the 3rd quarter valued at about $63,000. Sequoia Financial Advisors LLC acquired a new position in shares of Manhattan Associates during the 3rd quarter valued at about $211,000. Private Advisor Group LLC increased its stake in shares of Manhattan Associates by 8.9% during the 3rd quarter. Private Advisor Group LLC now owns 1,376 shares of the software maker’s stock valued at $387,000 after acquiring an additional 113 shares during the last quarter. Finally, Greenleaf Trust purchased a new stake in shares of Manhattan Associates during the 3rd quarter worth about $225,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Raymond James decreased their target price on Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating for the company in a report on Wednesday, January 29th. 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 report on Wednesday, January 29th. StockNews.com cut Manhattan Associates from a “buy” rating to a “hold” rating in a 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 report on Monday, January 27th. 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 report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Manhattan Associates currently has a consensus rating of “Moderate Buy” and an average price target of $273.33.

Insiders Place Their Bets

In other news, SVP Bruce Richards sold 4,150 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $289.73, for a total transaction of $1,202,379.50. Following the completion of the sale, the senior vice president now owns 22,086 shares of the company’s stock, valued at approximately $6,398,976.78. This trade represents a 15.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James Stewart Gantt sold 3,475 shares of the company’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 completion of the sale, the executive vice president now directly owns 42,812 shares in the company, valued at $12,334,137.20. This represents a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.

Manhattan Associates Stock Down 1.9 %

NASDAQ MANH opened at $182.51 on Friday. The stock 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 fifty-two week low of $169.94 and a fifty-two week high of $312.60. The business has a 50 day moving average price of $247.68 and a two-hundred day moving average price of $266.01.

About Manhattan Associates

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.