Xponance Inc. Purchases 657 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Xponance Inc. boosted its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 4.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 17,095 shares of the software maker’s stock after acquiring an additional 657 shares during the period. Xponance Inc.’s holdings in Manhattan Associates were worth $4,620,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Twin Tree Management LP bought a new stake in shares of Manhattan Associates in the fourth quarter valued at approximately $25,000. Synergy Asset Management LLC bought a new stake in Manhattan Associates during the 4th quarter valued at $35,000. Whipplewood Advisors LLC purchased a new stake in shares of Manhattan Associates during the fourth quarter worth $34,000. Brooklyn Investment Group purchased a new stake in shares of Manhattan Associates during the third quarter worth $58,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of Manhattan Associates in the fourth quarter worth $72,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Manhattan Associates Stock Down 1.2 %

NASDAQ MANH opened at $172.44 on Friday. The stock’s 50-day simple moving average is $207.62 and its two-hundred day simple moving average is $255.09. Manhattan Associates, Inc. has a twelve month low of $163.10 and a twelve month high of $312.60. The company has a market capitalization of $10.54 billion, a price-to-earnings ratio of 49.13 and a beta of 1.47.

Insider Activity at Manhattan Associates

In other Manhattan Associates 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 transaction of $476,274.04. Following the transaction, the chief financial officer now directly owns 101,263 shares in the company, valued at $17,298,758.29. This trade represents a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. DA Davidson dropped their price objective on Manhattan Associates from $315.00 to $270.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Piper Sandler lowered their price target on shares of Manhattan Associates from $268.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. Loop Capital decreased their target price on shares of Manhattan Associates from $310.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Citigroup cut their price target on shares of Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Finally, Raymond James decreased their price target 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. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Manhattan Associates currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.78.

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.