Virtu Financial LLC Makes New Investment in Manhattan Associates, Inc. (NASDAQ:MANH)

Virtu Financial LLC acquired a new stake in Manhattan Associates, Inc. (NASDAQ:MANH) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,920 shares of the software maker’s stock, valued at approximately $789,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MANH. Independent Solutions Wealth Management LLC increased its holdings in Manhattan Associates by 3.8% in the fourth quarter. Independent Solutions Wealth Management LLC now owns 4,886 shares of the software maker’s stock valued at $1,320,000 after buying an additional 179 shares during the last quarter. Royal London Asset Management Ltd. purchased a new position in shares of Manhattan Associates in the 4th quarter valued at about $919,000. Xponance Inc. raised its position in shares of Manhattan Associates by 4.0% during the 4th quarter. Xponance Inc. now owns 17,095 shares of the software maker’s stock worth $4,620,000 after acquiring an additional 657 shares in the last quarter. Generali Asset Management SPA SGR purchased a new stake in Manhattan Associates during the fourth quarter worth approximately $2,782,000. Finally, William Blair Investment Management LLC boosted its holdings in Manhattan Associates by 9.2% in the fourth quarter. William Blair Investment Management LLC now owns 682,013 shares of the software maker’s stock valued at $184,307,000 after purchasing an additional 57,586 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Citigroup reduced their price objective on shares of Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. William Blair raised shares of Manhattan Associates from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 13th. Raymond James decreased their price objective on shares of Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating for the company in a research note on Wednesday, January 29th. DA Davidson cut their target price on Manhattan Associates from $315.00 to $270.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, Robert W. Baird decreased their target price on Manhattan Associates from $282.00 to $225.00 and set an “outperform” rating for the company in a research report on Tuesday, March 18th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $243.78.

Manhattan Associates Stock Up 4.0 %

MANH opened at $177.97 on Tuesday. Manhattan Associates, Inc. has a 52 week low of $163.10 and a 52 week high of $312.60. The business has a 50 day moving average price of $203.99 and a two-hundred day moving average price of $253.88. The company has a market cap of $10.88 billion, a PE ratio of 50.70 and a beta of 1.47.

Insider Transactions at Manhattan Associates

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the business’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 transaction, the chief financial officer now directly owns 101,263 shares of the company’s stock, valued at approximately $17,298,758.29. The trade was a 2.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.72% of the company’s stock.

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.