FourThought Financial LLC Boosts Stock Position in Manhattan Associates, Inc. (NASDAQ:MANH)

FourThought Financial LLC raised its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH – Get Rating) by 20.1% in the 3rd quarter, Holdings Channel reports. The fund owned 718 shares of the software maker’s stock after acquiring an additional 120 shares during the quarter. FourThought Financial LLC’s holdings in Manhattan Associates were worth $96,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its stake in Manhattan Associates by 87.3% during the 2nd quarter. Renaissance Technologies LLC now owns 360,660 shares of the software maker’s stock valued at $41,332,000 after acquiring an additional 168,100 shares during the last quarter. Signaturefd LLC raised its stake in Manhattan Associates by 11.7% during the 3rd quarter. Signaturefd LLC now owns 1,351 shares of the software maker’s stock valued at $180,000 after acquiring an additional 141 shares during the last quarter. New York State Teachers Retirement System raised its stake in Manhattan Associates by 1.4% during the 3rd quarter. New York State Teachers Retirement System now owns 91,292 shares of the software maker’s stock valued at $12,145,000 after acquiring an additional 1,238 shares during the last quarter. Altshuler Shaham Ltd purchased a new stake in Manhattan Associates during the 3rd quarter valued at approximately $32,000. Finally, Louisiana State Employees Retirement System purchased a new stake in Manhattan Associates during the 3rd quarter valued at approximately $2,222,000. 96.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on MANH shares. Rosenblatt Securities upped their price objective on Manhattan Associates from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. StockNews.com began coverage on Manhattan Associates in a research report on Thursday. They set a “buy” rating on the stock. Robert W. Baird boosted their target price on Manhattan Associates from $161.00 to $168.00 in a research report on Friday, February 3rd. Finally, DA Davidson began coverage on Manhattan Associates in a research report on Tuesday, February 21st. They set a “neutral” rating and a $145.00 target price on the stock.

Manhattan Associates Trading Down 0.0 %

NASDAQ MANH opened at $143.46 on Friday. The business’s 50 day moving average is $136.82 and its two-hundred day moving average is $130.02. Manhattan Associates, Inc. has a 12-month low of $106.02 and a 12-month high of $158.61. The stock has a market capitalization of $8.97 billion, a price-to-earnings ratio of 70.32 and a beta of 1.57.

Insiders Place Their Bets

In related news, CEO Eddie Capel sold 42,678 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $144.04, for a total value of $6,147,339.12. Following the sale, the chief executive officer now owns 207,422 shares in the company, valued at approximately $29,877,064.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director John J. Huntz, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $143.65, for a total value of $143,650.00. Following the sale, the director now owns 65,887 shares in the company, valued at approximately $9,464,667.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Eddie Capel sold 42,678 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $144.04, for a total value of $6,147,339.12. Following the completion of the sale, the chief executive officer now owns 207,422 shares in the company, valued at approximately $29,877,064.88. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by insiders.

Manhattan Associates Profile

(Get Rating)

Manhattan Associates, Inc engages in developing, selling, deploying, servicing, and maintaining software solutions. Its solutions focus on supply chains, inventory, and omnichannel for retailers, wholesalers, manufacturers, logistics providers and other organizations. It operates through the following geographical segments: The Americas, Europe, Middle East and Africa, and Asia Pacific.