Captrust Financial Advisors Boosts Stock Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Captrust Financial Advisors lifted its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 26.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,194 shares of the software maker’s stock after purchasing an additional 1,297 shares during the period. Captrust Financial Advisors’ holdings in Manhattan Associates were worth $1,674,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Twin Tree Management LP purchased a new stake in shares of Manhattan Associates during the fourth quarter worth about $25,000. Synergy Asset Management LLC purchased a new stake in Manhattan Associates in the fourth quarter worth about $35,000. Whipplewood Advisors LLC purchased a new stake in Manhattan Associates in the fourth quarter worth about $34,000. Transce3nd LLC purchased a new stake in Manhattan Associates in the fourth quarter worth about $41,000. Finally, Bank of Jackson Hole Trust purchased a new stake in Manhattan Associates in the fourth quarter worth about $72,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the firm’s 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 completion of the transaction, the chief financial officer now owns 101,263 shares of the company’s stock, valued at approximately $17,298,758.29. This trade represents a 2.68% 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. Insiders own 0.88% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on MANH shares. Robert W. Baird lowered their price objective on shares of Manhattan Associates from $282.00 to $225.00 and set an “outperform” rating for the company in a report on Tuesday, March 18th. Raymond James lowered their price objective on shares of Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating for the company in a report on Wednesday, January 29th. Truist Financial raised their price objective on shares of Manhattan Associates from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, April 23rd. William Blair upgraded shares of Manhattan Associates from a “market perform” rating to an “outperform” rating in a report on Thursday, February 13th. Finally, DA Davidson raised their price objective on shares of Manhattan Associates from $195.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $212.38.

Manhattan Associates Stock Performance

Shares of NASDAQ MANH opened at $195.54 on Wednesday. Manhattan Associates, Inc. has a fifty-two week low of $140.81 and a fifty-two week high of $312.60. The company has a 50 day simple moving average of $170.81 and a two-hundred day simple moving average of $225.24. The company has a market capitalization of $11.87 billion, a price-to-earnings ratio of 55.71 and a beta of 1.13.

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.