Amundi lifted its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH – Free Report) by 14.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,377 shares of the software maker’s stock after acquiring an additional 13,433 shares during the quarter. Amundi’s holdings in Manhattan Associates were worth $29,532,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the stock. Whipplewood Advisors LLC purchased a new stake in shares of Manhattan Associates during the fourth quarter valued at $34,000. Synergy Asset Management LLC purchased a new stake in shares of Manhattan Associates during the fourth quarter valued at $35,000. Ashton Thomas Securities LLC purchased a new stake in shares of Manhattan Associates during the third quarter valued at $42,000. Brooklyn Investment Group purchased a new stake in shares of Manhattan Associates during the third quarter valued at $58,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of Manhattan Associates during the fourth quarter valued at $72,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.
Manhattan Associates Price Performance
MANH opened at $166.66 on Thursday. Manhattan Associates, Inc. has a fifty-two week low of $164.48 and a fifty-two week high of $312.60. The business has a 50-day moving average of $219.52 and a 200-day moving average of $258.82. The company has a market capitalization of $10.19 billion, a PE ratio of 47.48 and a beta of 1.47.
Wall Street Analyst Weigh In
View Our Latest Research Report on MANH
Insider Transactions at Manhattan Associates
In other news, CFO Dennis B. Story sold 2,788 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $170.83, for a total transaction of $476,274.04. Following the transaction, the chief financial officer now owns 101,263 shares of the company’s stock, valued at approximately $17,298,758.29. This represents a 2.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.72% of the company’s stock.
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.
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