Impact Capital Partners LLC Acquires Shares of 2,809 Manhattan Associates, Inc. (NASDAQ:MANH)

Impact Capital Partners LLC acquired a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,809 shares of the software maker’s stock, valued at approximately $759,000.

A number of other hedge funds have also recently bought and sold shares of MANH. Whipplewood Advisors LLC acquired a new stake in Manhattan Associates during the 4th quarter valued at approximately $34,000. Synergy Asset Management LLC acquired a new position in shares of Manhattan Associates in the 4th quarter worth approximately $35,000. Ashton Thomas Securities LLC acquired a new position in shares of Manhattan Associates in the 3rd quarter worth approximately $42,000. Brooklyn Investment Group acquired a new position in shares of Manhattan Associates in the 3rd quarter worth approximately $58,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Manhattan Associates in the 4th quarter worth approximately $72,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Manhattan Associates Price Performance

Shares of Manhattan Associates stock opened at $166.66 on Thursday. The business’s fifty day moving average price is $219.52 and its two-hundred day moving average price is $258.82. The company has a market capitalization of $10.19 billion, a P/E ratio of 47.48 and a beta of 1.47. Manhattan Associates, Inc. has a 1-year low of $164.48 and a 1-year high of $312.60.

Analyst Ratings Changes

Several brokerages have recently commented on MANH. StockNews.com lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Raymond James reduced their price objective on Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. Truist Financial reduced their price objective on Manhattan Associates from $310.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. DA Davidson reduced their price objective on Manhattan Associates from $315.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Finally, William Blair upgraded Manhattan Associates from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $273.33.

Insider Buying and Selling at Manhattan Associates

In related 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 directly owns 101,263 shares in the company, valued at $17,298,758.29. The trade was a 2.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.72% of the stock is owned by company insiders.

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.