Tributary Capital Management LLC Sells 95 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Tributary Capital Management LLC trimmed its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 4.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,865 shares of the software maker’s stock after selling 95 shares during the period. Tributary Capital Management LLC’s holdings in Manhattan Associates were worth $504,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Evergreen Capital Management LLC bought a new position in shares of Manhattan Associates in the 2nd quarter worth $283,000. Bank of Montreal Can lifted its holdings in shares of Manhattan Associates by 7.5% in the 2nd quarter. Bank of Montreal Can now owns 19,594 shares of the software maker’s stock worth $4,845,000 after purchasing an additional 1,359 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Manhattan Associates by 60.4% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 11,791 shares of the software maker’s stock worth $2,909,000 after purchasing an additional 4,441 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of Manhattan Associates by 2.1% in the 2nd quarter. Toronto Dominion Bank now owns 5,992 shares of the software maker’s stock worth $1,478,000 after purchasing an additional 121 shares in the last quarter. Finally, AXA S.A. lifted its holdings in shares of Manhattan Associates by 7.0% in the 2nd quarter. AXA S.A. now owns 59,688 shares of the software maker’s stock worth $14,724,000 after purchasing an additional 3,888 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP James Stewart Gantt sold 3,475 shares of Manhattan Associates 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 completion of the sale, the executive vice president now owns 42,812 shares of the company’s stock, valued at approximately $12,334,137.20. This trade represents a 7.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Bruce Richards sold 4,150 shares of Manhattan Associates stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $289.73, for a total value of $1,202,379.50. Following the completion of the sale, the senior vice president now directly owns 22,086 shares of the company’s stock, valued at approximately $6,398,976.78. This trade represents 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 Price Performance

Shares of Manhattan Associates stock opened at $289.38 on Friday. Manhattan Associates, Inc. has a 1 year low of $205.12 and a 1 year high of $312.60. The firm has a market cap of $17.68 billion, a PE ratio of 82.21 and a beta of 1.52. The stock has a fifty day moving average price of $282.35 and a 200-day moving average price of $271.40.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Raymond James raised their price objective on Manhattan Associates from $255.00 to $305.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Piper Sandler assumed coverage on Manhattan Associates in a research note on Monday, November 25th. They set an “overweight” rating and a $326.00 price objective on the stock. Robert W. Baird raised their price objective on Manhattan Associates from $263.00 to $304.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. DA Davidson raised their price objective on Manhattan Associates from $285.00 to $315.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Citigroup raised their price objective on Manhattan Associates from $287.00 to $306.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Manhattan Associates currently has a consensus rating of “Moderate Buy” and a consensus target price of $292.89.

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.