Manhattan Associates, Inc. (NASDAQ:MANH) Shares Sold by Achmea Investment Management B.V.

Achmea Investment Management B.V. trimmed its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 35.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,068 shares of the software maker’s stock after selling 3,366 shares during the period. Achmea Investment Management B.V.’s holdings in Manhattan Associates were worth $1,640,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of Manhattan Associates during the 4th quarter worth $3,890,000. GDS Wealth Management increased its holdings in shares of Manhattan Associates by 281.4% during the 4th quarter. GDS Wealth Management now owns 6,347 shares of the software maker’s stock worth $1,715,000 after buying an additional 4,683 shares during the last quarter. Oak Thistle LLC acquired a new stake in shares of Manhattan Associates during the 4th quarter worth $1,326,000. AustralianSuper Pty Ltd increased its holdings in shares of Manhattan Associates by 968.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 232,719 shares of the software maker’s stock worth $62,890,000 after buying an additional 210,929 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Manhattan Associates during the 4th quarter worth $1,200,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Associates Price Performance

NASDAQ:MANH opened at $172.50 on Friday. The firm has a 50-day moving average of $217.41 and a two-hundred day moving average of $258.16. The stock has a market cap of $10.54 billion, a P/E ratio of 49.15 and a beta of 1.47. Manhattan Associates, Inc. has a 1-year low of $163.10 and a 1-year high of $312.60.

Insider Buying and Selling at Manhattan Associates

In other news, CFO Dennis B. Story sold 2,788 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $170.83, for a total transaction of $476,274.04. Following the transaction, the chief financial officer now owns 101,263 shares of the company’s stock, valued at approximately $17,298,758.29. This trade represents a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MANH. Truist Financial lowered their price target on Manhattan Associates from $310.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Raymond James lowered their price target on Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating for the company in a report on Wednesday, January 29th. Piper Sandler lowered their price target on Manhattan Associates from $268.00 to $200.00 and set an “overweight” rating for the company in a report on Friday. StockNews.com downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, DA Davidson lowered their price target on Manhattan Associates from $315.00 to $270.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $252.56.

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.