Dimensional Fund Advisors LP Acquires 15,201 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Dimensional Fund Advisors LP lifted its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 493,208 shares of the software maker's stock after acquiring an additional 15,201 shares during the period. Dimensional Fund Advisors LP owned approximately 0.81% of Manhattan Associates worth $133,293,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MANH. First Trust Advisors LP lifted its holdings in shares of Manhattan Associates by 38.8% in the fourth quarter. First Trust Advisors LP now owns 107,300 shares of the software maker's stock valued at $28,997,000 after purchasing an additional 29,977 shares in the last quarter. Freedom Investment Management Inc. boosted its holdings in Manhattan Associates by 9.9% during the 4th quarter. Freedom Investment Management Inc. now owns 2,422 shares of the software maker's stock worth $654,000 after acquiring an additional 219 shares during the last quarter. Farringdon Capital Ltd. purchased a new position in Manhattan Associates during the 4th quarter worth $243,000. Marshall Wace LLP purchased a new stake in shares of Manhattan Associates in the fourth quarter valued at about $816,000. Finally, NewEdge Advisors LLC boosted its holdings in Manhattan Associates by 28.6% during the fourth quarter. NewEdge Advisors LLC now owns 1,938 shares of the software maker's stock worth $524,000 after purchasing an additional 431 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

Insiders Place Their Bets

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of Manhattan Associates 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 completion of the transaction, the chief financial officer now owns 101,263 shares of the company's stock, valued at $17,298,758.29. The trade was a 2.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.72% of the company's stock.

Manhattan Associates Trading Up 0.8 %

Shares of MANH stock traded up $1.46 during trading on Thursday, reaching $178.85. 101,141 shares of the company's stock traded hands, compared to its average volume of 570,980. The firm's 50-day moving average is $168.72 and its 200 day moving average is $232.27. The company has a market capitalization of $10.86 billion, a P/E ratio of 51.19 and a beta of 1.36. Manhattan Associates, Inc. has a 1 year low of $140.81 and a 1 year high of $312.60.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Citigroup decreased their price objective on shares of Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Piper Sandler dropped their price target on Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. Raymond James lowered their target price on Manhattan Associates from $305.00 to $270.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 29th. William Blair upgraded shares of Manhattan Associates from a "market perform" rating to an "outperform" rating in a report on Thursday, February 13th. Finally, DA Davidson lifted their price objective on shares of Manhattan Associates from $195.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Manhattan Associates has a consensus rating of "Moderate Buy" and a consensus target price of $212.38.

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.