McLean Asset Management Corp Has $645,000 Stake in Manhattan Associates, Inc. (NASDAQ:MANH)

McLean Asset Management Corp trimmed its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 16.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,388 shares of the software maker’s stock after selling 463 shares during the quarter. McLean Asset Management Corp’s holdings in Manhattan Associates were worth $645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in shares of Manhattan Associates during the 3rd quarter valued at about $34,000. Ashton Thomas Securities LLC bought a new position in shares of Manhattan Associates in the 3rd quarter valued at approximately $42,000. Carolina Wealth Advisors LLC bought a new position in shares of Manhattan Associates in the 3rd quarter valued at approximately $50,000. Brooklyn Investment Group bought a new position in shares of Manhattan Associates in the 3rd quarter valued at approximately $58,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in shares of Manhattan Associates in the 3rd quarter valued at approximately $63,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MANH has been the topic of a number of recent analyst reports. StockNews.com downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. DA Davidson lifted their price target on Manhattan Associates from $285.00 to $315.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Piper Sandler assumed coverage on Manhattan Associates in a research report on Monday, November 25th. They issued an “overweight” rating and a $326.00 price target on the stock. Robert W. Baird lifted their price target on Manhattan Associates from $263.00 to $304.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Truist Financial lifted their price target on Manhattan Associates from $275.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Manhattan Associates has a consensus rating of “Moderate Buy” and an average price target of $292.89.

Insider Transactions at Manhattan Associates

In other news, EVP James Stewart Gantt sold 3,475 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $288.10, for a total transaction of $1,001,147.50. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Bruce Richards sold 4,150 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $289.73, for a total value of $1,202,379.50. Following the sale, the senior vice president now owns 22,086 shares in the company, valued at $6,398,976.78. The trade was a 15.82 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

Manhattan Associates Price Performance

Shares of NASDAQ:MANH opened at $289.38 on Monday. The business’s fifty day moving average price is $282.35 and its two-hundred day moving average price is $271.58. Manhattan Associates, Inc. has a fifty-two week low of $205.12 and a fifty-two week high of $312.60. The stock has a market capitalization of $17.68 billion, a price-to-earnings ratio of 82.21 and a beta of 1.52.

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.