Greenwood Capital Associates LLC Has $721,000 Stake in Manhattan Associates, Inc. (NASDAQ:MANH)

Greenwood Capital Associates LLC trimmed its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 16.2% during the 4th quarter, HoldingsChannel reports. The firm owned 2,667 shares of the software maker’s stock after selling 516 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Manhattan Associates were worth $721,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of Manhattan Associates in the fourth quarter worth $3,890,000. Oak Thistle LLC purchased a new stake in Manhattan Associates in the 4th quarter worth about $1,326,000. GAMMA Investing LLC boosted its position in Manhattan Associates by 47.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,186 shares of the software maker’s stock worth $334,000 after acquiring an additional 382 shares during the period. Smith Group Asset Management LLC grew its stake in Manhattan Associates by 1.8% during the 4th quarter. Smith Group Asset Management LLC now owns 93,232 shares of the software maker’s stock valued at $25,195,000 after acquiring an additional 1,641 shares in the last quarter. Finally, Mediolanum International Funds Ltd increased its holdings in shares of Manhattan Associates by 602.0% in the 3rd quarter. Mediolanum International Funds Ltd now owns 20,042 shares of the software maker’s stock valued at $5,607,000 after purchasing an additional 17,187 shares during the period. 98.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on MANH. Truist Financial decreased their price target on shares of Manhattan Associates from $310.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Citigroup lowered their price target on shares of Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Loop Capital cut their price objective on Manhattan Associates from $310.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Piper Sandler reissued an “overweight” rating and set a $268.00 price objective (down previously from $326.00) on shares of Manhattan Associates in a research report on Wednesday, January 29th. Finally, Robert W. Baird upped their target price on Manhattan Associates from $263.00 to $304.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Manhattan Associates currently has an average rating of “Moderate Buy” and a consensus price target of $273.33.

Manhattan Associates Stock Performance

Shares of NASDAQ MANH opened at $196.51 on Wednesday. The business’s 50-day simple moving average is $275.95 and its 200-day simple moving average is $271.59. Manhattan Associates, Inc. has a 52 week low of $196.04 and a 52 week high of $312.60. The firm has a market cap of $12.00 billion, a price-to-earnings ratio of 55.99 and a beta of 1.50.

Insider Buying and Selling at Manhattan Associates

In related news, EVP James Stewart Gantt sold 3,475 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $288.10, for a total transaction of $1,001,147.50. Following the completion of the sale, the executive vice president now directly owns 42,812 shares of the company’s stock, valued at approximately $12,334,137.20. This represents a 7.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Bruce Richards sold 4,150 shares of Manhattan Associates stock in a transaction on Friday, November 29th. The stock was sold at an average price of $289.73, for a total transaction of $1,202,379.50. Following the completion of the transaction, the senior vice president now owns 22,086 shares in the company, valued at $6,398,976.78. This trade represents a 15.82 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.