Farther Finance Advisors LLC Sells 227 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Farther Finance Advisors LLC reduced its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 12.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,550 shares of the software maker’s stock after selling 227 shares during the quarter. Farther Finance Advisors LLC’s holdings in Manhattan Associates were worth $419,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Whipplewood Advisors LLC bought a new position in shares of Manhattan Associates during the 4th quarter worth approximately $34,000. Synergy Asset Management LLC bought a new position in shares of Manhattan Associates during the 4th quarter worth approximately $35,000. Brooklyn Investment Group bought a new position in shares of Manhattan Associates during the 3rd quarter worth approximately $58,000. Bank of Jackson Hole Trust bought a new position in shares of Manhattan Associates in the fourth quarter valued at $72,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Manhattan Associates by 144.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 308 shares of the software maker’s stock valued at $83,000 after buying an additional 182 shares in the last quarter. 98.45% of the stock is owned by institutional investors.

Insider Transactions at Manhattan Associates

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 transaction of $476,274.04. Following the completion of the sale, the chief financial officer now owns 101,263 shares of the company’s stock, valued at approximately $17,298,758.29. This trade represents a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.72% of the company’s stock.

Manhattan Associates Price Performance

MANH stock opened at $172.50 on Monday. The company has a fifty day moving average price of $215.40 and a two-hundred day moving average price of $257.50. Manhattan Associates, Inc. has a one year low of $163.10 and a one year high of $312.60. The stock has a market cap of $10.54 billion, a price-to-earnings ratio of 49.15 and a beta of 1.47.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MANH shares. Citigroup decreased their target price on shares of Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating for the company in a research note on Friday. Raymond James decreased their target price on shares of Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating for the company in a research note on Wednesday, January 29th. Loop Capital decreased their target price on shares of Manhattan Associates from $310.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Truist Financial decreased their target price on shares of Manhattan Associates from $310.00 to $285.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, StockNews.com cut shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $252.56.

About Manhattan Associates

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.