Edgestream Partners L.P. Has $1.19 Million Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Edgestream Partners L.P. decreased its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 67.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,388 shares of the software maker’s stock after selling 8,914 shares during the period. Edgestream Partners L.P.’s holdings in Manhattan Associates were worth $1,186,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Capital Performance Advisors LLP acquired a new stake in Manhattan Associates during the 3rd quarter worth $34,000. Assetmark Inc. grew its stake in shares of Manhattan Associates by 16.3% during the third quarter. Assetmark Inc. now owns 9,449 shares of the software maker’s stock worth $2,659,000 after purchasing an additional 1,323 shares during the period. Atria Investments Inc increased its holdings in Manhattan Associates by 19.0% in the third quarter. Atria Investments Inc now owns 7,551 shares of the software maker’s stock valued at $2,125,000 after purchasing an additional 1,203 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in Manhattan Associates by 13.8% in the third quarter. Crossmark Global Holdings Inc. now owns 4,941 shares of the software maker’s stock valued at $1,391,000 after purchasing an additional 598 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in Manhattan Associates by 1.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 21,456 shares of the software maker’s stock valued at $6,037,000 after buying an additional 206 shares during the period. 98.45% of the stock is owned by institutional investors.

Insider Buying and Selling at Manhattan Associates

In related 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 completion of the transaction, the chief financial officer now directly owns 101,263 shares in the company, valued at approximately $17,298,758.29. This trade represents a 2.68 % 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. Company insiders own 0.72% of the company’s stock.

Manhattan Associates Trading Up 1.1 %

MANH opened at $167.52 on Wednesday. The stock has a market capitalization of $10.24 billion, a P/E ratio of 47.73 and a beta of 1.47. Manhattan Associates, Inc. has a 12 month low of $164.48 and a 12 month high of $312.60. The firm’s fifty day simple moving average is $221.59 and its 200 day simple moving average is $259.47.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. William Blair raised Manhattan Associates from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 13th. Truist Financial decreased their price objective on shares of Manhattan Associates from $310.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Raymond James cut their target price on shares of Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. Piper Sandler reissued an “overweight” rating and issued a $268.00 price target (down previously from $326.00) on shares of Manhattan Associates in a report on Wednesday, January 29th. Finally, Loop Capital dropped their price objective on Manhattan Associates from $310.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $273.33.

Manhattan Associates Company 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.