Stevens Capital Management LP Takes Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Stevens Capital Management LP acquired a new stake in Manhattan Associates, Inc. (NASDAQ:MANH) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 782 shares of the software maker’s stock, valued at approximately $211,000.

Other hedge funds also recently added to or reduced their stakes in the company. Twin Tree Management LP bought a new stake in shares of Manhattan Associates in the 4th quarter valued at about $25,000. Synergy Asset Management LLC purchased a new stake in Manhattan Associates during the fourth quarter worth $35,000. Whipplewood Advisors LLC purchased a new stake in Manhattan Associates during the fourth quarter worth $34,000. Brooklyn Investment Group bought a new stake in Manhattan Associates during the 3rd quarter valued at $58,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of Manhattan Associates in the 4th quarter valued at $72,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $170.83, for a total transaction of $476,274.04. Following the sale, the chief financial officer now directly owns 101,263 shares of the company’s stock, valued at approximately $17,298,758.29. This trade represents a 2.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.72% of the company’s stock.

Manhattan Associates Trading Up 4.0 %

Shares of NASDAQ:MANH opened at $177.97 on Tuesday. Manhattan Associates, Inc. has a twelve month low of $163.10 and a twelve month high of $312.60. The company has a market cap of $10.88 billion, a PE ratio of 50.70 and a beta of 1.47. The company’s 50 day moving average is $203.99 and its 200 day moving average is $253.88.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MANH shares. Robert W. Baird dropped their price objective on Manhattan Associates from $282.00 to $225.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 18th. Citigroup lowered their price target on shares of Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. Piper Sandler reduced their price objective on shares of Manhattan Associates from $268.00 to $200.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. Loop Capital decreased their target price on shares of Manhattan Associates from $310.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Finally, DA Davidson cut their price target on shares of Manhattan Associates from $315.00 to $270.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $243.78.

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.