Stifel Financial Corp Sells 209 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Stifel Financial Corp decreased its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,010 shares of the software maker’s stock after selling 209 shares during the period. Stifel Financial Corp’s holdings in Manhattan Associates were worth $8,110,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Twin Tree Management LP bought a new position in Manhattan Associates during the fourth quarter worth about $25,000. Synergy Asset Management LLC bought a new position in Manhattan Associates during the fourth quarter worth about $35,000. Whipplewood Advisors LLC bought a new position in shares of Manhattan Associates during the 4th quarter valued at about $34,000. Transce3nd LLC acquired a new stake in Manhattan Associates during the 4th quarter worth approximately $41,000. Finally, Bank of Jackson Hole Trust bought a new position in Manhattan Associates in the fourth quarter valued at approximately $72,000. Institutional investors own 98.45% of the company’s stock.

Insider Activity at Manhattan Associates

In other news, CFO Dennis B. Story sold 2,788 shares of Manhattan Associates stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $170.83, for a total value of $476,274.04. Following the completion of the transaction, the chief financial officer now owns 101,263 shares of the company’s stock, valued at $17,298,758.29. This trade represents a 2.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.72% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MANH has been the subject of several research reports. Loop Capital reissued a “hold” rating and set a $170.00 price objective (down previously from $275.00) on shares of Manhattan Associates in a research report on Thursday, April 10th. Truist Financial increased their price objective on shares of Manhattan Associates from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, April 23rd. William Blair raised shares of Manhattan Associates from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 13th. StockNews.com downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Raymond James lowered their price objective on shares of Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Manhattan Associates has an average rating of “Moderate Buy” and a consensus target price of $212.38.

Manhattan Associates Trading Down 0.1 %

Manhattan Associates stock opened at $174.38 on Tuesday. The company has a market cap of $10.59 billion, a P/E ratio of 49.68 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 has a fifty day simple moving average of $169.01 and a 200 day simple moving average of $233.05.

Manhattan Associates Company 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.