Motley Fool Asset Management LLC Buys 167 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Motley Fool Asset Management LLC increased its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 14.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,341 shares of the software maker’s stock after buying an additional 167 shares during the period. Motley Fool Asset Management LLC’s holdings in Manhattan Associates were worth $362,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Twin Tree Management LP bought a new stake in shares of Manhattan Associates during the fourth quarter worth approximately $25,000. Synergy Asset Management LLC acquired a new stake in Manhattan Associates during the 4th quarter worth approximately $35,000. Whipplewood Advisors LLC bought a new stake in Manhattan Associates in the 4th quarter valued at $34,000. Bank of Jackson Hole Trust acquired a new position in Manhattan Associates in the 4th quarter valued at $72,000. Finally, EverSource Wealth Advisors LLC increased its position in Manhattan Associates by 144.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 308 shares of the software maker’s stock worth $83,000 after buying an additional 182 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Activity

In related news, CFO Dennis B. Story sold 2,788 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 101,263 shares of the company’s stock, valued at $17,298,758.29. This represents a 2.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.72% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MANH. StockNews.com cut shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Citigroup lowered their target price 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. Loop Capital dropped their price target 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. DA Davidson raised Manhattan Associates to a “strong-buy” rating in a research report on Monday, March 24th. Finally, Robert W. Baird dropped their price objective on Manhattan Associates from $282.00 to $225.00 and set an “outperform” rating for the company in a report on Tuesday, March 18th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Manhattan Associates has a consensus rating of “Moderate Buy” and a consensus price target of $243.78.

Manhattan Associates Stock Down 9.6 %

Manhattan Associates stock opened at $161.76 on Friday. The stock has a market cap of $9.89 billion, a PE ratio of 46.09 and a beta of 1.47. Manhattan Associates, Inc. has a 12-month low of $160.93 and a 12-month high of $312.60. The business’s 50-day moving average price is $187.49 and its two-hundred day moving average price is $249.18.

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.