BNP Paribas Financial Markets Sells 33,601 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

BNP Paribas Financial Markets lowered its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 47.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 37,395 shares of the software maker’s stock after selling 33,601 shares during the period. BNP Paribas Financial Markets owned approximately 0.06% of Manhattan Associates worth $10,106,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Metis Global Partners LLC lifted its stake in Manhattan Associates by 7.0% during the 4th quarter. Metis Global Partners LLC now owns 837 shares of the software maker’s stock valued at $226,000 after acquiring an additional 55 shares during the period. Kestra Investment Management LLC increased its position in shares of Manhattan Associates by 2.9% during the 4th quarter. Kestra Investment Management LLC now owns 2,055 shares of the software maker’s stock valued at $555,000 after purchasing an additional 57 shares during the last quarter. McGlone Suttner Wealth Management Inc. increased its position in shares of 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. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Manhattan Associates by 2.6% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,510 shares of the software maker’s stock valued at $678,000 after purchasing an additional 63 shares during the last quarter. Finally, Kathmere Capital Management LLC increased its position in shares of Manhattan Associates by 7.8% during the 4th quarter. Kathmere Capital Management LLC now owns 939 shares of the software maker’s stock valued at $254,000 after purchasing an additional 68 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Trading Down 1.2%

Manhattan Associates stock opened at $184.67 on Monday. The firm has a 50 day moving average of $169.82 and a 200 day moving average of $226.01. The firm has a market capitalization of $11.21 billion, a price-to-earnings ratio of 52.61 and a beta of 1.13. Manhattan Associates, Inc. has a 12-month low of $140.81 and a 12-month high of $312.60.

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates 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 transaction of $476,274.04. Following the completion of the sale, the chief financial officer now directly owns 101,263 shares of the company’s stock, valued at $17,298,758.29. This trade represents a 2.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

MANH has been the subject of several research reports. DA Davidson upped their price target on shares of Manhattan Associates from $195.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, April 23rd. Citigroup reduced their price target on shares of Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. StockNews.com lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. William Blair raised shares of Manhattan Associates from a “market perform” rating to an “outperform” rating in a report on Thursday, February 13th. Finally, Piper Sandler reduced their target price on shares of Manhattan Associates from $268.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, March 14th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $212.38.

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.