Manhattan Associates, Inc. (NASDAQ:MANH) Shares Purchased by Pembroke Management LTD

Pembroke Management LTD grew its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 11.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 53,633 shares of the software maker’s stock after acquiring an additional 5,655 shares during the quarter. Manhattan Associates comprises approximately 1.8% of Pembroke Management LTD’s holdings, making the stock its 22nd largest position. Pembroke Management LTD owned approximately 0.09% of Manhattan Associates worth $14,494,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Capital Performance Advisors LLP acquired a new stake in Manhattan Associates in the third quarter worth about $34,000. Synergy Asset Management LLC acquired a new stake in shares of Manhattan Associates in the 4th quarter worth approximately $35,000. Ashton Thomas Securities LLC bought a new position in shares of Manhattan Associates in the third quarter valued at approximately $42,000. Carolina Wealth Advisors LLC bought a new position in shares of Manhattan Associates in the third quarter valued at approximately $50,000. Finally, Brooklyn Investment Group acquired a new position in shares of Manhattan Associates during the third quarter valued at approximately $58,000. Institutional investors own 98.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MANH shares. Loop Capital cut 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. Raymond James dropped their price target on shares of Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. Citigroup reduced their price objective on shares of 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 upgraded shares of Manhattan Associates from a “market perform” rating to an “outperform” rating in a report on Thursday, February 13th. Finally, StockNews.com lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $273.33.

Insider Activity

In other Manhattan Associates news, 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 completion of the sale, the senior vice president now owns 22,086 shares in the company, valued at $6,398,976.78. This represents a 15.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 owns 42,812 shares in the company, valued at approximately $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 currently owned by corporate insiders.

Manhattan Associates Price Performance

MANH stock opened at $190.41 on Tuesday. The firm has a market capitalization of $11.63 billion, a P/E ratio of 54.25 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 company’s 50 day simple moving average is $257.02 and its 200-day simple moving average is $267.95.

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.