Manhattan Associates, Inc. (NASDAQ:MANH) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC reduced its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 6.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 124,092 shares of the software maker’s stock after selling 8,449 shares during the period. Squarepoint Ops LLC’s holdings in Manhattan Associates were worth $33,535,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of MANH. Twin Tree Management LP acquired a new position in shares of Manhattan Associates in the fourth quarter worth $25,000. Whipplewood Advisors LLC purchased a new position in Manhattan Associates in the fourth quarter valued at $34,000. Synergy Asset Management LLC purchased a new position in Manhattan Associates in the fourth quarter valued at $35,000. Transce3nd LLC acquired a new position in Manhattan Associates during the 4th quarter worth $41,000. Finally, Bank of Jackson Hole Trust purchased a new stake in Manhattan Associates during the 4th quarter worth about $72,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Manhattan Associates Trading Down 0.6%

Shares of Manhattan Associates stock opened at $191.85 on Wednesday. The company has a fifty day simple moving average of $173.46 and a 200-day simple moving average of $222.60. Manhattan Associates, Inc. has a 12-month low of $140.81 and a 12-month high of $312.60. The stock has a market cap of $11.65 billion, a price-to-earnings ratio of 54.66 and a beta of 1.13.

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the company’s stock in a transaction 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 completion of the transaction, the chief financial officer now owns 101,263 shares in the company, valued at $17,298,758.29. This represents a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.88% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MANH. Loop Capital reiterated a “hold” rating and issued a $170.00 price objective (down previously from $275.00) on shares of Manhattan Associates in a research note on Thursday, April 10th. DA Davidson lifted their price target on shares of Manhattan Associates from $195.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, April 23rd. Robert W. Baird dropped their price objective on shares of Manhattan Associates from $282.00 to $225.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 18th. Raymond James decreased their price objective on shares of Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. Finally, Citigroup lowered their target price on shares of Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Manhattan Associates currently has a consensus rating of “Moderate Buy” and an average target price of $205.57.

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.