Sherbrooke Park Advisers LLC Buys Shares of 1,736 Manhattan Associates, Inc. (NASDAQ:MANH)

Sherbrooke Park Advisers LLC bought a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the 4th quarter, Holdings Channel.com reports. The fund bought 1,736 shares of the software maker’s stock, valued at approximately $469,000.

Other hedge funds and other institutional investors 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 shares of Manhattan Associates during the 4th quarter valued at $34,000. Synergy Asset Management LLC purchased a new stake in shares of Manhattan Associates during the 4th quarter valued at $35,000. Transce3nd LLC purchased a new stake in shares of Manhattan Associates during the 4th quarter valued at $41,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of Manhattan Associates during the 4th quarter valued at $72,000. Institutional investors own 98.45% of the company’s stock.

Analysts Set New Price Targets

MANH has been the subject of several analyst reports. William Blair upgraded Manhattan Associates from a “market perform” rating to an “outperform” rating in a report on Thursday, February 13th. Citigroup decreased their price objective on Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Truist Financial increased their price objective on Manhattan Associates from $180.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, April 23rd. Robert W. Baird decreased their price objective on Manhattan Associates from $282.00 to $225.00 and set an “outperform” rating for the company in a report on Tuesday, March 18th. Finally, Raymond James reduced their target price on Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating for the company in a research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $205.57.

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of Manhattan Associates stock in a transaction dated Thursday, March 6th. The stock was 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 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 filing with the SEC, which is accessible through this link. Company insiders own 0.88% of the company’s stock.

Manhattan Associates Price Performance

Shares of MANH stock opened at $194.49 on Friday. The firm has a market capitalization of $11.81 billion, a price-to-earnings ratio of 55.41 and a beta of 1.13. The business has a fifty day moving average of $172.36 and a 200 day moving average of $223.60. Manhattan Associates, Inc. has a 1 year low of $140.81 and a 1 year high of $312.60.

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.