3,400 Shares in Manhattan Associates, Inc. (NASDAQ:MANH) Acquired by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. bought a new stake in Manhattan Associates, Inc. (NASDAQ:MANH) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,400 shares of the software maker’s stock, valued at approximately $919,000.

Other hedge funds have also bought and sold shares of the company. Twin Tree Management LP purchased a new stake in shares of Manhattan Associates during the 4th quarter valued at $25,000. Whipplewood Advisors LLC purchased a new stake in Manhattan Associates during the fourth quarter valued at about $34,000. Synergy Asset Management LLC bought a new stake in Manhattan Associates during the fourth quarter worth about $35,000. Brooklyn Investment Group purchased a new position in shares of Manhattan Associates in the 3rd quarter worth about $58,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of Manhattan Associates during the 4th quarter valued at about $72,000. 98.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on MANH shares. William Blair raised Manhattan Associates from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 13th. StockNews.com cut shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. DA Davidson reduced their target price on shares of Manhattan Associates from $315.00 to $270.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Loop Capital lowered 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 note on Wednesday, January 29th. Finally, Truist Financial lowered their target price on Manhattan Associates from $310.00 to $285.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $243.78.

Manhattan Associates Price Performance

MANH opened at $177.97 on Tuesday. The firm has a market capitalization of $10.88 billion, a price-to-earnings ratio of 50.70 and a beta of 1.47. Manhattan Associates, Inc. has a one year low of $163.10 and a one year high of $312.60. The business has a 50 day simple moving average of $203.99 and a two-hundred day simple moving average of $253.88.

Insider Activity at Manhattan Associates

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $17,298,758.29. The trade was a 2.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.72% of the stock is owned by corporate insiders.

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.