Pacer Advisors Inc. Has $8.16 Million Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Pacer Advisors Inc. increased its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 107.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,187 shares of the software maker’s stock after purchasing an additional 15,607 shares during the quarter. Pacer Advisors Inc.’s holdings in Manhattan Associates were worth $8,158,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Performance Advisors LLP bought a new position in Manhattan Associates in the 3rd quarter valued at $34,000. Ashton Thomas Securities LLC bought a new position in Manhattan Associates in the third quarter valued at about $42,000. Carolina Wealth Advisors LLC acquired a new stake in Manhattan Associates in the third quarter worth about $50,000. Brooklyn Investment Group bought a new stake in Manhattan Associates during the 3rd quarter worth about $58,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in Manhattan Associates during the 3rd quarter valued at about $63,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Manhattan Associates Stock Down 24.5 %

Manhattan Associates stock opened at $222.84 on Thursday. Manhattan Associates, Inc. has a twelve month low of $205.12 and a twelve month high of $312.60. The company has a 50 day moving average of $282.19 and a 200-day moving average of $271.95. The stock has a market capitalization of $13.61 billion, a PE ratio of 63.31 and a beta of 1.52.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. DA Davidson lowered their price target on shares of Manhattan Associates from $315.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday. Loop Capital dropped their target price 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. Truist Financial reduced their price target on Manhattan Associates from $310.00 to $285.00 and set a “buy” rating on the stock in a research report on Wednesday. Citigroup dropped their price objective on Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating for the company in a report on Monday. Finally, StockNews.com cut Manhattan Associates from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $273.33.

Insider Buying and Selling

In related news, SVP Bruce Richards sold 4,150 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $289.73, for a total transaction of $1,202,379.50. Following the completion of the transaction, the senior vice president now owns 22,086 shares in the company, valued at approximately $6,398,976.78. This represents a 15.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP James Stewart Gantt sold 3,475 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $288.10, for a total transaction of $1,001,147.50. Following the completion of the transaction, the executive vice president now directly owns 42,812 shares of the company’s stock, valued at approximately $12,334,137.20. This trade represents a 7.51 % 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 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.