Olympiad Research LP Purchases Shares of 890 Manhattan Associates, Inc. (NASDAQ:MANH)

Olympiad Research LP purchased a new stake in Manhattan Associates, Inc. (NASDAQ:MANH) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 890 shares of the software maker’s stock, valued at approximately $241,000.

Other large investors have also recently bought and sold shares of the company. Tokio Marine Asset Management Co. Ltd. bought a new stake in Manhattan Associates in the fourth quarter valued at $3,890,000. GDS Wealth Management grew its position in Manhattan Associates by 281.4% in the fourth quarter. GDS Wealth Management now owns 6,347 shares of the software maker’s stock valued at $1,715,000 after acquiring an additional 4,683 shares during the period. Oak Thistle LLC bought a new stake in Manhattan Associates in the fourth quarter valued at $1,326,000. AustralianSuper Pty Ltd grew its position in Manhattan Associates by 968.0% in the fourth quarter. AustralianSuper Pty Ltd now owns 232,719 shares of the software maker’s stock valued at $62,890,000 after acquiring an additional 210,929 shares during the period. Finally, Smith Group Asset Management LLC grew its position in Manhattan Associates by 1.8% in the fourth quarter. Smith Group Asset Management LLC now owns 93,232 shares of the software maker’s stock valued at $25,195,000 after acquiring an additional 1,641 shares during the period. 98.45% of the stock is currently owned by institutional investors.

Insider Activity

In other Manhattan Associates news, EVP James Stewart Gantt sold 3,475 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $288.10, for a total value of $1,001,147.50. Following the transaction, the executive vice president now owns 42,812 shares of the company’s stock, valued at approximately $12,334,137.20. This represents a 7.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Bruce Richards sold 4,150 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $289.73, for a total value of $1,202,379.50. Following the completion of the transaction, the senior vice president now directly owns 22,086 shares in the company, valued at $6,398,976.78. The trade was a 15.82 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.

Manhattan Associates Stock Down 1.9 %

Shares of MANH opened at $182.51 on Monday. Manhattan Associates, Inc. has a 12-month low of $169.94 and a 12-month high of $312.60. The firm has a market capitalization of $11.16 billion, a PE ratio of 52.00 and a beta of 1.50. The stock’s fifty day simple moving average is $247.68 and its 200-day simple moving average is $266.37.

Analyst Ratings Changes

MANH has been the topic of a number of recent analyst reports. DA Davidson reduced their price objective on Manhattan Associates from $315.00 to $270.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Raymond James reduced their price objective on Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. 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. Truist Financial reduced their price objective on Manhattan Associates from $310.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Finally, William Blair raised Manhattan Associates from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $273.33.

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.