111 Capital Buys New Shares in Manhattan Associates, Inc. (NASDAQ:MANH)

111 Capital bought a new stake in Manhattan Associates, Inc. (NASDAQ:MANH) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 794 shares of the software maker’s stock, valued at approximately $215,000.

Other hedge funds have also made changes to their positions in the company. Twin Tree Management LP bought a new stake in shares of Manhattan Associates in the fourth quarter valued at about $25,000. Synergy Asset Management LLC bought a new stake in shares of Manhattan Associates in the fourth quarter valued at about $35,000. Whipplewood Advisors LLC bought a new stake in shares of Manhattan Associates in the fourth quarter valued at about $34,000. Park Square Financial Group LLC bought a new stake in shares of Manhattan Associates in the fourth quarter valued at about $38,000. Finally, Transce3nd LLC bought a new stake in shares of Manhattan Associates in the fourth quarter valued at about $41,000. Institutional investors own 98.45% of the company’s stock.

Insider Activity

In other news, CFO Dennis B. Story sold 2,788 shares of Manhattan Associates stock in a transaction that occurred 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 in the company, valued at approximately $17,298,758.29. The trade was a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.88% of the stock is currently owned by corporate insiders.

Manhattan Associates Stock Down 0.3%

Shares of MANH opened at $188.35 on Friday. Manhattan Associates, Inc. has a 12 month low of $140.81 and a 12 month high of $312.60. The company has a 50-day moving average price of $175.58 and a two-hundred day moving average price of $217.99. The stock has a market cap of $11.44 billion, a price-to-earnings ratio of 53.66 and a beta of 1.13.

Wall Street Analyst Weigh In

MANH has been the subject of several research reports. Piper Sandler reduced their target price on shares of Manhattan Associates from $268.00 to $200.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. William Blair upgraded shares of Manhattan Associates from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 13th. Citigroup cut their price target on shares of Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Robert W. Baird set a $212.00 price target on shares of Manhattan Associates and gave the stock an “outperform” rating in a research note on Wednesday, May 21st. Finally, Loop Capital restated a “hold” rating and set a $170.00 price target (down previously from $275.00) on shares of Manhattan Associates in a research note on Thursday, April 10th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Manhattan Associates currently has a consensus rating of “Moderate Buy” and a consensus price target of $210.14.

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.