Manhattan Associates, Inc. (NASDAQ:MANH) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 87.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 780 shares of the software maker’s stock after selling 5,619 shares during the period. SG Americas Securities LLC’s holdings in Manhattan Associates were worth $211,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in Manhattan Associates in the 3rd quarter valued at about $34,000. Ashton Thomas Securities LLC purchased a new stake in shares of Manhattan Associates in the third quarter valued at about $42,000. Carolina Wealth Advisors LLC acquired a new stake in shares of Manhattan Associates in the third quarter valued at approximately $50,000. Brooklyn Investment Group purchased a new position in shares of Manhattan Associates during the 3rd quarter worth approximately $58,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Manhattan Associates during the 3rd quarter worth approximately $63,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Manhattan Associates Stock Up 1.4 %

Shares of MANH opened at $200.90 on Friday. Manhattan Associates, Inc. has a fifty-two week low of $196.04 and a fifty-two week high of $312.60. The company’s fifty day moving average is $270.72 and its two-hundred day moving average is $270.42. The firm has a market cap of $12.27 billion, a PE ratio of 57.24 and a beta of 1.50.

Insider Activity at Manhattan Associates

In other news, 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 sale, the senior vice president now owns 22,086 shares of the company’s stock, valued at $6,398,976.78. This represents a 15.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James Stewart Gantt sold 3,475 shares of Manhattan Associates 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 transaction, the executive vice president now owns 42,812 shares in the company, valued at $12,334,137.20. The trade was a 7.51 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on MANH. Raymond James lowered their target price on Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. Citigroup dropped their price objective on Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Piper Sandler restated an “overweight” rating and issued a $268.00 target price (down from $326.00) on shares of Manhattan Associates in a report on Wednesday, January 29th. StockNews.com downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, DA Davidson reduced their price objective on shares of Manhattan Associates from $315.00 to $270.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $273.33.

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.