Banco Santander S.A. Lowers Stake in Manhattan Associates, Inc. (NASDAQ:MANH)

Banco Santander S.A. lessened its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 41.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,837 shares of the software maker’s stock after selling 30,403 shares during the period. Banco Santander S.A. owned 0.07% of Manhattan Associates worth $11,576,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP purchased a new position in shares of Manhattan Associates during the third quarter valued at $34,000. Synergy Asset Management LLC bought a new position in Manhattan Associates during the 4th quarter worth about $35,000. Whipplewood Advisors LLC purchased a new position in Manhattan Associates during the 4th quarter valued at about $34,000. Ashton Thomas Securities LLC bought a new stake in shares of Manhattan Associates in the 3rd quarter valued at about $42,000. Finally, Brooklyn Investment Group bought a new stake in shares of Manhattan Associates in the 3rd quarter valued at about $58,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MANH. DA Davidson reduced their price objective 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. StockNews.com lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Loop Capital decreased their price objective on Manhattan Associates from $310.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Citigroup cut their target price on Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Finally, Truist Financial decreased their price target on shares of Manhattan Associates from $310.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Manhattan Associates currently has an average rating of “Moderate Buy” and a consensus price target of $273.33.

Manhattan Associates Price Performance

Shares of MANH stock opened at $170.73 on Friday. Manhattan Associates, Inc. has a 1-year low of $166.31 and a 1-year high of $312.60. The firm has a market cap of $10.44 billion, a PE ratio of 48.64 and a beta of 1.47. The company has a 50-day moving average of $227.84 and a two-hundred day moving average of $261.40.

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.