4,069 Shares in Manhattan Associates, Inc. (NASDAQ:MANH) Acquired by XTX Topco Ltd

XTX Topco Ltd acquired a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 4,069 shares of the software maker’s stock, valued at approximately $1,100,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Twin Tree Management LP purchased a new position in Manhattan Associates during the fourth quarter valued at $25,000. Synergy Asset Management LLC bought a new position in shares of Manhattan Associates during the 4th quarter valued at about $35,000. Whipplewood Advisors LLC purchased a new position in shares of Manhattan Associates during the fourth quarter valued at about $34,000. Bank of Jackson Hole Trust purchased a new stake in shares of Manhattan Associates in the fourth quarter worth about $72,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Manhattan Associates by 144.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 308 shares of the software maker’s stock valued at $83,000 after buying an additional 182 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Insider Activity

In other 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 transaction of $476,274.04. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

MANH has been the topic of several recent research reports. Citigroup decreased their price objective on Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. DA Davidson lowered their price objective on shares of Manhattan Associates from $270.00 to $195.00 and set a “buy” rating for the company in a research report on Monday. Piper Sandler reduced their target price on shares of Manhattan Associates from $268.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. Loop Capital reaffirmed a “hold” rating and issued a $170.00 price target (down previously from $275.00) on shares of Manhattan Associates in a report on Thursday, April 10th. Finally, StockNews.com cut Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $212.67.

Manhattan Associates Price Performance

Manhattan Associates stock opened at $164.35 on Wednesday. The firm has a market capitalization of $9.98 billion, a P/E ratio of 46.82 and a beta of 1.36. Manhattan Associates, Inc. has a 1-year low of $140.81 and a 1-year high of $312.60. The company’s 50-day moving average is $172.45 and its 200 day moving average is $240.73.

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.