WINTON GROUP Ltd Has $1.11 Million Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

WINTON GROUP Ltd grew its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 37.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,111 shares of the software maker’s stock after buying an additional 1,126 shares during the quarter. WINTON GROUP Ltd’s holdings in Manhattan Associates were worth $1,111,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Twin Tree Management LP purchased a new stake in shares of Manhattan Associates in the fourth quarter valued at $25,000. Whipplewood Advisors LLC acquired a new position in Manhattan Associates during the fourth quarter valued at $34,000. Synergy Asset Management LLC purchased a new stake in Manhattan Associates in the 4th quarter worth about $35,000. Brooklyn Investment Group acquired a new stake in Manhattan Associates during the 3rd quarter worth about $58,000. Finally, Bank of Jackson Hole Trust purchased a new position in Manhattan Associates during the 4th quarter valued at about $72,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Manhattan Associates

In related news, CFO Dennis B. Story sold 2,788 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were 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. This represents a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.72% of the stock is owned by company insiders.

Manhattan Associates Price Performance

Shares of Manhattan Associates stock opened at $173.48 on Friday. The firm has a market cap of $10.60 billion, a P/E ratio of 49.42 and a beta of 1.47. Manhattan Associates, Inc. has a fifty-two week low of $163.10 and a fifty-two week high of $312.60. The firm has a 50 day simple moving average of $196.17 and a 200 day simple moving average of $251.73.

Analyst Ratings Changes

Several research analysts have weighed in on MANH shares. Citigroup dropped their target price on Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. Piper Sandler dropped their target price on shares of Manhattan Associates from $268.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. 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. William Blair raised shares of Manhattan Associates from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 13th. Finally, DA Davidson upgraded Manhattan Associates to a “strong-buy” rating in a research note on Monday, March 24th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Manhattan Associates has an average rating of “Moderate Buy” and an average price target of $243.78.

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.