Mercer Global Advisors Inc. ADV Has $846,000 Stock Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Mercer Global Advisors Inc. ADV cut its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 36.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,131 shares of the software maker’s stock after selling 1,815 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Manhattan Associates were worth $846,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Twin Tree Management LP acquired a new stake in Manhattan Associates during the fourth quarter worth approximately $25,000. Synergy Asset Management LLC acquired a new stake in Manhattan Associates during the 4th quarter worth approximately $35,000. Whipplewood Advisors LLC acquired a new position in Manhattan Associates in the 4th quarter valued at $34,000. Transce3nd LLC bought a new position in Manhattan Associates during the 4th quarter worth $41,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of Manhattan Associates during the fourth quarter worth $72,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MANH shares. Raymond James lowered their price target on shares of Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. Truist Financial lifted their price target on shares of Manhattan Associates from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, April 23rd. Robert W. Baird reduced their price target on Manhattan Associates from $282.00 to $225.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 18th. Piper Sandler dropped their price objective on Manhattan Associates from $268.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, March 14th. Finally, William Blair raised Manhattan Associates from a “market perform” rating to an “outperform” rating in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Manhattan Associates presently has a consensus rating of “Moderate Buy” and a consensus target price of $212.38.

Manhattan Associates Stock Performance

Manhattan Associates stock opened at $184.67 on Friday. Manhattan Associates, Inc. has a 52 week low of $140.81 and a 52 week high of $312.60. The stock has a market capitalization of $11.21 billion, a P/E ratio of 52.61 and a beta of 1.13. The stock has a fifty day moving average of $169.82 and a 200-day moving average of $226.33.

Insider Buying and Selling at Manhattan Associates

In other 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 value of $476,274.04. Following the sale, the chief financial officer now directly owns 101,263 shares in the company, valued at approximately $17,298,758.29. This trade represents a 2.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.