Lisanti Capital Growth LLC Trims Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Lisanti Capital Growth LLC reduced its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 65.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,820 shares of the software maker’s stock after selling 11,000 shares during the period. Lisanti Capital Growth LLC’s holdings in Manhattan Associates were worth $1,253,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MANH. Blue Trust Inc. lifted its holdings in shares of Manhattan Associates by 259.4% during the fourth quarter. Blue Trust Inc. now owns 115 shares of the software maker’s stock valued at $25,000 after purchasing an additional 83 shares during the last quarter. Bear Mountain Capital Inc. bought a new stake in Manhattan Associates in the fourth quarter worth $26,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Manhattan Associates in the fourth quarter worth $26,000. Lindbrook Capital LLC increased its holdings in shares of Manhattan Associates by 28.8% during the fourth quarter. Lindbrook Capital LLC now owns 206 shares of the software maker’s stock valued at $44,000 after acquiring an additional 46 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of Manhattan Associates by 25.9% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the software maker’s stock worth $61,000 after purchasing an additional 58 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

Shares of NASDAQ MANH traded up $3.25 during midday trading on Tuesday, hitting $216.64. 622,284 shares of the stock traded hands, compared to its average volume of 394,010. The firm has a market capitalization of $13.34 billion, a P/E ratio of 69.74 and a beta of 1.45. Manhattan Associates, Inc. has a one year low of $167.29 and a one year high of $266.94. The firm has a 50-day moving average of $239.26 and a two-hundred day moving average of $227.33.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MANH. DA Davidson raised shares of Manhattan Associates from a “neutral” rating to a “buy” rating and increased their price objective for the company from $220.00 to $240.00 in a research report on Thursday, April 25th. Citigroup reduced their price target on shares of Manhattan Associates from $260.00 to $220.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Truist Financial boosted their price objective on shares of Manhattan Associates from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. William Blair reiterated a “market perform” rating on shares of Manhattan Associates in a research note on Wednesday, April 24th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $225.00 price target on shares of Manhattan Associates in a research note on Wednesday, April 24th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.86.

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.