2,317 Shares in Manhattan Associates, Inc. (NASDAQ:MANH) Acquired by Callan Family Office LLC

Callan Family Office LLC bought a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,317 shares of the software maker’s stock, valued at approximately $626,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in shares of Manhattan Associates in the 3rd quarter worth $34,000. Synergy Asset Management LLC purchased a new stake in Manhattan Associates during the 4th quarter worth approximately $35,000. Whipplewood Advisors LLC acquired a new position in Manhattan Associates during the 4th quarter valued at approximately $34,000. Ashton Thomas Securities LLC acquired a new stake in shares of Manhattan Associates during the third quarter worth $42,000. Finally, Brooklyn Investment Group purchased a new stake in Manhattan Associates during the 3rd quarter valued at about $58,000. Institutional investors own 98.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MANH. Raymond James cut their price target on shares of Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. DA Davidson lowered their target price 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. Citigroup decreased their price target on Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Truist Financial lowered their target price on shares of 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, Piper Sandler restated an “overweight” rating and issued a $268.00 price objective (down from $326.00) on shares of Manhattan Associates in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Manhattan Associates has a consensus rating of “Moderate Buy” and a consensus price target of $273.33.

Manhattan Associates Trading Up 1.0 %

MANH stock opened at $170.73 on Monday. The company has a market cap of $10.44 billion, a price-to-earnings ratio of 48.64 and a beta of 1.47. The firm has a 50-day moving average of $225.75 and a two-hundred day moving average of $260.80. Manhattan Associates, Inc. has a 12 month low of $166.31 and a 12 month high of $312.60.

Manhattan Associates 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.