O Shaughnessy Asset Management LLC Has $3.80 Million Position in Manhattan Associates, Inc. (NASDAQ:MANH)

O Shaughnessy Asset Management LLC decreased its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 28.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,047 shares of the software maker’s stock after selling 5,547 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Manhattan Associates were worth $3,796,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ascent Group LLC raised its position in Manhattan Associates by 4.8% in the third quarter. Ascent Group LLC now owns 896 shares of the software maker’s stock worth $252,000 after purchasing an additional 41 shares in the last quarter. Metis Global Partners LLC raised its holdings in shares of Manhattan Associates by 7.0% in the 4th quarter. Metis Global Partners LLC now owns 837 shares of the software maker’s stock worth $226,000 after buying an additional 55 shares in the last quarter. Kestra Investment Management LLC raised its stake in Manhattan Associates by 2.9% during the fourth quarter. Kestra Investment Management LLC now owns 2,055 shares of the software maker’s stock worth $555,000 after acquiring an additional 57 shares in the last quarter. McGlone Suttner Wealth Management Inc. lifted its holdings in Manhattan Associates by 8.3% during the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 813 shares of the software maker’s stock valued at $220,000 after purchasing an additional 62 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its position in Manhattan Associates by 2.6% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,510 shares of the software maker’s stock valued at $678,000 after buying an additional 63 shares in the last quarter. 98.45% of the stock is owned by institutional investors.

Insider Activity at Manhattan Associates

In related news, CFO Dennis B. Story sold 2,788 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $170.83, for a total transaction of $476,274.04. Following the completion of the transaction, the chief financial officer now owns 101,263 shares in the company, valued at approximately $17,298,758.29. The trade was a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. DA Davidson upgraded shares of Manhattan Associates to a “strong-buy” rating in a research note on Monday, March 24th. Loop Capital reduced their price objective on Manhattan Associates from $310.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Robert W. Baird lowered their target price on Manhattan Associates from $282.00 to $225.00 and set an “outperform” rating for the company in a research note on Tuesday, March 18th. Citigroup reduced their price target on shares of Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. Finally, StockNews.com cut shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $243.78.

Manhattan Associates Stock Performance

Shares of Manhattan Associates stock opened at $178.89 on Thursday. The firm has a fifty day moving average of $189.95 and a two-hundred day moving average of $249.79. The stock has a market capitalization of $10.93 billion, a price-to-earnings ratio of 50.97 and a beta of 1.47. Manhattan Associates, Inc. has a 52 week low of $163.10 and a 52 week high of $312.60.

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.