Lisanti Capital Growth LLC Decreases Stake in Manhattan Associates, Inc. (NASDAQ:MANH)

Lisanti Capital Growth LLC lessened its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 65.4% during the 4th quarter, Holdings Channel reports. The firm owned 5,820 shares of the software maker’s stock after selling 11,000 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Manhattan Associates were worth $1,253,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. increased its position in shares of Manhattan Associates by 9.1% in the 4th quarter. Russell Investments Group Ltd. now owns 59,852 shares of the software maker’s stock valued at $12,923,000 after acquiring an additional 4,986 shares during the period. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Manhattan Associates by 59.9% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 21,612 shares of the software maker’s stock valued at $4,271,000 after purchasing an additional 8,094 shares during the period. Highland Capital Management LLC purchased a new position in shares of Manhattan Associates in the fourth quarter worth about $1,142,000. Redhawk Wealth Advisors Inc. acquired a new stake in shares of Manhattan Associates during the fourth quarter worth about $1,050,000. Finally, Meeder Asset Management Inc. purchased a new stake in Manhattan Associates in the fourth quarter valued at approximately $2,039,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Rosenblatt Securities reissued a “neutral” rating and set a $225.00 price target on shares of Manhattan Associates in a research report on Wednesday, April 24th. Truist Financial boosted their target price on shares of Manhattan Associates from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Raymond James upped their price target on shares of Manhattan Associates from $214.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. DA Davidson raised Manhattan Associates from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $220.00 to $240.00 in a report on Thursday, April 25th. Finally, William Blair restated a “market perform” rating on shares of Manhattan Associates in a research note on Wednesday, April 24th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $234.86.

Manhattan Associates Stock Up 1.5 %

Shares of NASDAQ:MANH traded up $3.25 during trading on Tuesday, reaching $216.64. 622,284 shares of the company’s stock traded hands, compared to its average volume of 394,010. Manhattan Associates, Inc. has a fifty-two week low of $167.29 and a fifty-two week high of $266.94. The company has a 50-day simple moving average of $239.26 and a 200-day simple moving average of $227.33. The firm has a market cap of $13.34 billion, a PE ratio of 69.74 and a beta of 1.45.

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.