HighPoint Advisor Group LLC Sells 133 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

HighPoint Advisor Group LLC lowered its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 7.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,774 shares of the software maker’s stock after selling 133 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Manhattan Associates were worth $479,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Townsquare Capital LLC raised its holdings in shares of Manhattan Associates by 16.2% in the 3rd quarter. Townsquare Capital LLC now owns 1,901 shares of the software maker’s stock valued at $535,000 after acquiring an additional 265 shares in the last quarter. Verition Fund Management LLC bought a new stake in Manhattan Associates during the third quarter valued at approximately $990,000. Ascent Group LLC grew its stake in Manhattan Associates by 4.8% in the 3rd quarter. Ascent Group LLC now owns 896 shares of the software maker’s stock worth $252,000 after buying an additional 41 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Manhattan Associates by 6.4% in the 3rd quarter. HighTower Advisors LLC now owns 5,002 shares of the software maker’s stock worth $1,415,000 after buying an additional 301 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Manhattan Associates by 13.7% during the 3rd quarter. Janus Henderson Group PLC now owns 2,762 shares of the software maker’s stock valued at $777,000 after buying an additional 332 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Insider Buying and Selling at Manhattan Associates

In related news, CFO Dennis B. Story sold 2,788 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $170.83, for a total value of $476,274.04. Following the sale, the chief financial officer now directly owns 101,263 shares of the company’s stock, valued at $17,298,758.29. This trade represents a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.72% of the company’s stock.

Manhattan Associates Stock Up 2.4 %

NASDAQ:MANH opened at $178.89 on Thursday. The firm has a market capitalization of $10.93 billion, a P/E ratio of 50.97 and a beta of 1.47. The company has a fifty day moving average of $189.95 and a 200 day moving average of $249.79. Manhattan Associates, Inc. has a 52 week low of $163.10 and a 52 week high of $312.60.

Wall Street Analysts Forecast Growth

MANH has been the topic of a number of research analyst reports. Truist Financial reduced their target price on Manhattan Associates from $310.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Citigroup reduced their price objective on Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. Raymond James dropped their target price on Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. StockNews.com cut shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Loop Capital cut their price objective 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. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Manhattan Associates has an average 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.