Schonfeld Strategic Advisors LLC Sells 643 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Schonfeld Strategic Advisors LLC reduced its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 29.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,530 shares of the software maker’s stock after selling 643 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Manhattan Associates were worth $413,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Northern Trust Corp boosted its stake in shares of Manhattan Associates by 26.5% during the 4th quarter. Northern Trust Corp now owns 761,820 shares of the software maker’s stock worth $205,874,000 after acquiring an additional 159,572 shares during the period. Quarry LP acquired a new stake in Manhattan Associates during the 4th quarter worth approximately $189,000. Boothbay Fund Management LLC lifted its holdings in Manhattan Associates by 57.5% during the 4th quarter. Boothbay Fund Management LLC now owns 1,756 shares of the software maker’s stock worth $475,000 after purchasing an additional 641 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Manhattan Associates during the 4th quarter worth approximately $1,216,000. Finally, Two Sigma Securities LLC lifted its holdings in Manhattan Associates by 52.1% during the 4th quarter. Two Sigma Securities LLC now owns 1,802 shares of the software maker’s stock worth $487,000 after purchasing an additional 617 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Dennis B. Story sold 2,788 shares of Manhattan Associates stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $170.83, for a total value of $476,274.04. Following the transaction, the chief financial officer now owns 101,263 shares in the company, valued at approximately $17,298,758.29. This trade represents a 2.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.88% of the company’s stock.

Manhattan Associates Stock Performance

Shares of MANH opened at $184.67 on Monday. Manhattan Associates, Inc. has a 52-week low of $140.81 and a 52-week high of $312.60. The business’s fifty day moving average is $169.82 and its 200-day moving average is $226.01. The firm has a market cap of $11.21 billion, a price-to-earnings ratio of 52.61 and a beta of 1.13.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MANH. StockNews.com cut Manhattan Associates from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Raymond James dropped 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. Loop Capital reissued a “hold” rating and set a $170.00 price target (down from $275.00) on shares of Manhattan Associates in a report on Thursday, April 10th. Citigroup dropped their price target on Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Finally, Robert W. Baird dropped their price target on Manhattan Associates from $282.00 to $225.00 and set an “outperform” rating for the company in a report on Tuesday, March 18th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $212.38.

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.