Wilmington Savings Fund Society FSB Sells 983 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Wilmington Savings Fund Society FSB trimmed its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 55.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 801 shares of the software maker’s stock after selling 983 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Manhattan Associates were worth $216,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in Manhattan Associates during the 3rd quarter worth approximately $34,000. Synergy Asset Management LLC bought a new stake in Manhattan Associates during the 4th quarter worth approximately $35,000. Ashton Thomas Securities LLC bought a new stake in Manhattan Associates during the 3rd quarter worth approximately $42,000. Carolina Wealth Advisors LLC purchased a new position in shares of Manhattan Associates in the 3rd quarter worth approximately $50,000. Finally, Brooklyn Investment Group purchased a new position in shares of Manhattan Associates in the 3rd quarter worth approximately $58,000. 98.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on MANH shares. Loop Capital cut their target price on Manhattan Associates from $310.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Citigroup cut their price target on Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating for the company in a report on Monday, January 27th. StockNews.com lowered Manhattan Associates from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Raymond James cut their price target on Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating for the company in a report on Wednesday, January 29th. Finally, Robert W. Baird raised their price target on Manhattan Associates from $263.00 to $304.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $273.33.

Manhattan Associates Stock Up 2.0 %

NASDAQ MANH opened at $181.95 on Thursday. The stock’s 50-day simple moving average is $263.75 and its two-hundred day simple moving average is $269.21. Manhattan Associates, Inc. has a twelve month low of $169.94 and a twelve month high of $312.60. The company has a market capitalization of $11.11 billion, a price-to-earnings ratio of 51.84 and a beta of 1.50.

Insider Buying and Selling at Manhattan Associates

In other news, SVP Bruce Richards sold 4,150 shares of Manhattan Associates stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $289.73, for a total value of $1,202,379.50. Following the transaction, the senior vice president now owns 22,086 shares in the company, valued at approximately $6,398,976.78. The trade was a 15.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James Stewart Gantt sold 3,475 shares of Manhattan Associates stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $288.10, for a total value of $1,001,147.50. Following the completion of the transaction, the executive vice president now owns 42,812 shares in the company, valued at approximately $12,334,137.20. This represents a 7.51 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

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.