South Dakota Investment Council Buys 3,892 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

South Dakota Investment Council boosted its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 48.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,969 shares of the software maker’s stock after acquiring an additional 3,892 shares during the period. South Dakota Investment Council’s holdings in Manhattan Associates were worth $3,235,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in Manhattan Associates during the 3rd quarter worth $34,000. Synergy Asset Management LLC bought a new position in Manhattan Associates during the 4th quarter worth $35,000. Ashton Thomas Securities LLC bought a new position in Manhattan Associates during the 3rd quarter worth $42,000. Brooklyn Investment Group bought a new position in shares of Manhattan Associates in the 3rd quarter valued at $58,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of Manhattan Associates in the 4th quarter valued at $72,000. Institutional investors own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MANH. Loop Capital decreased their price target on Manhattan Associates from $310.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. William Blair upgraded Manhattan Associates from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 13th. Citigroup decreased their price target on Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. StockNews.com lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, Truist Financial decreased their price target on Manhattan Associates from $310.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $273.33.

Insider Activity at Manhattan Associates

In other Manhattan Associates news, SVP Bruce Richards sold 4,150 shares of Manhattan Associates 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 transaction, the senior vice president now directly owns 22,086 shares of the company’s stock, valued at approximately $6,398,976.78. The trade was a 15.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James Stewart Gantt sold 3,475 shares of Manhattan Associates 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 transaction, the executive vice president now directly owns 42,812 shares in the company, valued at $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 currently owned by company insiders.

Manhattan Associates Stock Down 1.9 %

NASDAQ MANH opened at $182.51 on Monday. Manhattan Associates, Inc. has a twelve month low of $169.94 and a twelve month high of $312.60. The company has a market cap of $11.16 billion, a price-to-earnings ratio of 52.00 and a beta of 1.50. The business’s fifty day moving average is $247.68 and its 200 day moving average is $266.37.

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.