Callan Family Office LLC Takes $626,000 Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Callan Family Office LLC purchased a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 2,317 shares of the software maker’s stock, valued at approximately $626,000.

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

Manhattan Associates Price Performance

Shares of Manhattan Associates stock opened at $170.73 on Monday. The firm’s fifty day simple moving average is $225.75 and its 200-day simple moving average is $260.80. Manhattan Associates, Inc. has a 12 month low of $166.31 and a 12 month high of $312.60. The stock has a market capitalization of $10.44 billion, a price-to-earnings ratio of 48.64 and a beta of 1.47.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $268.00 target price (down previously from $326.00) on shares of Manhattan Associates in a report on Wednesday, January 29th. StockNews.com downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Truist Financial lowered their price target on Manhattan Associates from $310.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. William Blair raised shares of Manhattan Associates from a “market perform” rating to an “outperform” rating in a report on Thursday, February 13th. Finally, Loop Capital reduced their price objective on shares of Manhattan Associates from $310.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Manhattan Associates presently has an average rating of “Moderate Buy” and a consensus target price of $273.33.

About Manhattan Associates

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.