Yousif Capital Management LLC Sells 987 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Yousif Capital Management LLC reduced its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 4.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 21,813 shares of the software maker’s stock after selling 987 shares during the period. Yousif Capital Management LLC’s holdings in Manhattan Associates were worth $5,895,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MANH. Capital Performance Advisors LLP bought a new stake in shares of Manhattan Associates in the 3rd quarter valued at about $34,000. Synergy Asset Management LLC purchased a new position in Manhattan Associates during the fourth quarter valued at approximately $35,000. Ashton Thomas Securities LLC bought a new position in Manhattan Associates in the third quarter worth approximately $42,000. Carolina Wealth Advisors LLC purchased a new stake in Manhattan Associates during the third quarter worth $50,000. Finally, Brooklyn Investment Group bought a new stake in Manhattan Associates during the 3rd quarter valued at $58,000. 98.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Piper Sandler reissued an “overweight” rating and issued a $268.00 price target (down from $326.00) on shares of Manhattan Associates in a research report on Wednesday, January 29th. Truist Financial reduced their target price 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. DA Davidson lowered their price target on shares of Manhattan Associates from $315.00 to $270.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. StockNews.com lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, Citigroup lowered their target price on shares of Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $273.33.

Insider Activity at Manhattan Associates

In other Manhattan Associates news, SVP Bruce Richards sold 4,150 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now owns 22,086 shares in the company, valued at approximately $6,398,976.78. The trade was a 15.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James Stewart Gantt sold 3,475 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $288.10, for a total value of $1,001,147.50. Following the completion of the transaction, the executive vice president now owns 42,812 shares of the company’s stock, valued at approximately $12,334,137.20. The trade was a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

Manhattan Associates Trading Down 1.3 %

NASDAQ MANH opened at $198.07 on Friday. Manhattan Associates, Inc. has a 12-month low of $196.04 and a 12-month high of $312.60. The company has a fifty day simple moving average of $272.42 and a two-hundred day simple moving average of $270.59. The stock has a market cap of $12.10 billion, a P/E ratio of 56.43 and a beta of 1.50.

Manhattan Associates 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.