Manhattan Associates, Inc. (NASDAQ:MANH) CFO Dennis B. Story Sells 2,788 Shares

Manhattan Associates, Inc. (NASDAQ:MANH) CFO Dennis B. Story sold 2,788 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $170.83, for a total value of $476,274.04. Following the transaction, the chief financial officer now owns 101,263 shares of the company’s stock, valued at approximately $17,298,758.29. The trade was a 2.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Manhattan Associates Stock Performance

Manhattan Associates stock opened at $165.64 on Tuesday. The business’s 50-day simple moving average is $223.64 and its two-hundred day simple moving average is $260.14. The company has a market cap of $10.12 billion, a PE ratio of 47.19 and a beta of 1.47. Manhattan Associates, Inc. has a fifty-two week low of $164.48 and a fifty-two week high of $312.60.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Piper Sandler restated an “overweight” rating and set a $268.00 price objective (down previously from $326.00) on shares of Manhattan Associates in a report on Wednesday, January 29th. William Blair upgraded Manhattan Associates from a “market perform” rating to an “outperform” rating in a report on Thursday, February 13th. DA Davidson lowered 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 lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Citigroup reduced their price target on Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $273.33.

Institutional Trading of Manhattan Associates

A number of hedge funds have recently modified their holdings of MANH. QRG Capital Management Inc. boosted its stake in shares of Manhattan Associates by 3.4% in the third quarter. QRG Capital Management Inc. now owns 2,653 shares of the software maker’s stock worth $747,000 after buying an additional 86 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Manhattan Associates in the third quarter worth about $34,000. Assetmark Inc. boosted its stake in shares of Manhattan Associates by 16.3% in the third quarter. Assetmark Inc. now owns 9,449 shares of the software maker’s stock worth $2,659,000 after buying an additional 1,323 shares during the last quarter. Atria Investments Inc boosted its stake in shares of Manhattan Associates by 19.0% in the third quarter. Atria Investments Inc now owns 7,551 shares of the software maker’s stock worth $2,125,000 after buying an additional 1,203 shares during the last quarter. Finally, Montanaro Asset Management Ltd purchased a new stake in shares of Manhattan Associates in the third quarter worth about $7,485,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

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.