Manhattan Associates, Inc. (NASDAQ:MANH) Shares Sold by Atomi Financial Group Inc.

Atomi Financial Group Inc. lessened its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 951 shares of the software maker’s stock after selling 63 shares during the quarter. Atomi Financial Group Inc.’s holdings in Manhattan Associates were worth $257,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Oak Thistle LLC purchased a new stake in shares of Manhattan Associates during the fourth quarter worth approximately $1,326,000. GAMMA Investing LLC raised its position in Manhattan Associates by 47.5% in the third quarter. GAMMA Investing LLC now owns 1,186 shares of the software maker’s stock worth $334,000 after acquiring an additional 382 shares in the last quarter. Mediolanum International Funds Ltd raised its position in Manhattan Associates by 602.0% in the third quarter. Mediolanum International Funds Ltd now owns 20,042 shares of the software maker’s stock worth $5,607,000 after acquiring an additional 17,187 shares in the last quarter. JPMorgan Chase & Co. raised its position in Manhattan Associates by 213.7% in the third quarter. JPMorgan Chase & Co. now owns 1,009,913 shares of the software maker’s stock worth $284,169,000 after acquiring an additional 687,933 shares in the last quarter. Finally, Chartwell Investment Partners LLC raised its position in Manhattan Associates by 31.1% in the third quarter. Chartwell Investment Partners LLC now owns 21,557 shares of the software maker’s stock worth $6,065,000 after acquiring an additional 5,119 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Analysts Set New Price Targets

MANH has been the subject of a number of research analyst reports. Piper Sandler initiated coverage on Manhattan Associates in a research report on Monday, November 25th. They issued an “overweight” rating and a $326.00 price target for the company. StockNews.com cut Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Citigroup raised their price target on Manhattan Associates from $287.00 to $306.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Truist Financial raised their price target on Manhattan Associates from $275.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Finally, Robert W. Baird raised their price target on Manhattan Associates from $263.00 to $304.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and seven have assigned 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 $292.89.

Manhattan Associates Stock Up 1.6 %

Manhattan Associates stock opened at $289.38 on Monday. The business has a 50 day moving average price of $282.35 and a two-hundred day moving average price of $271.58. The stock has a market cap of $17.68 billion, a price-to-earnings ratio of 82.21 and a beta of 1.52. Manhattan Associates, Inc. has a 12 month low of $205.12 and a 12 month high of $312.60.

Insider Buying and Selling

In other news, EVP James Stewart Gantt sold 3,475 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 42,812 shares of the company’s stock, valued at $12,334,137.20. This represents a 7.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Bruce Richards sold 4,150 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $289.73, for a total value of $1,202,379.50. Following the completion of the transaction, the senior vice president now directly owns 22,086 shares in the company, valued at approximately $6,398,976.78. This trade represents a 15.82 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.

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.