Vinva Investment Management Ltd Lowers Stock Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Vinva Investment Management Ltd trimmed its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 10.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,327 shares of the software maker’s stock after selling 4,981 shares during the period. Vinva Investment Management Ltd owned about 0.07% of Manhattan Associates worth $11,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in MANH. Metis Global Partners LLC purchased a new stake in Manhattan Associates in the 3rd quarter valued at about $220,000. CIBC Asset Management Inc boosted its position in Manhattan Associates by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 1,798 shares of the software maker’s stock valued at $506,000 after buying an additional 58 shares during the period. Swiss National Bank boosted its position in Manhattan Associates by 0.3% in the 3rd quarter. Swiss National Bank now owns 182,820 shares of the software maker’s stock valued at $51,442,000 after buying an additional 600 shares during the period. Quest Partners LLC boosted its position in Manhattan Associates by 74,900.0% in the 3rd quarter. Quest Partners LLC now owns 750 shares of the software maker’s stock valued at $211,000 after buying an additional 749 shares during the period. Finally, Pathstone Holdings LLC boosted its position in Manhattan Associates by 2.0% in the 3rd quarter. Pathstone Holdings LLC now owns 9,739 shares of the software maker’s stock valued at $2,740,000 after buying an additional 192 shares during the period. 98.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Citigroup reduced their price target on shares of Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Truist Financial reduced their price target 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 reduced their price target on shares of Manhattan Associates from $315.00 to $270.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. StockNews.com lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, Robert W. Baird reduced their price target on shares of Manhattan Associates from $282.00 to $225.00 and set an “outperform” rating for the company in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $243.78.

Insider Buying and Selling

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $170.83, for a total value of $476,274.04. Following the completion of 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.72% of the stock is currently owned by company insiders.

Manhattan Associates Stock Down 1.6 %

NASDAQ MANH opened at $172.78 on Wednesday. The firm has a market cap of $10.56 billion, a PE ratio of 49.23 and a beta of 1.47. The company has a 50 day moving average price of $211.58 and a 200 day moving average price of $256.24. Manhattan Associates, Inc. has a 52 week low of $163.10 and a 52 week high of $312.60.

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.