UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 545,570 shares of the software maker's stock after buying an additional 27,621 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.89% of Manhattan Associates worth $147,435,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Twin Tree Management LP acquired a new stake in Manhattan Associates in the 4th quarter valued at about $25,000. Whipplewood Advisors LLC purchased a new stake in Manhattan Associates in the 4th quarter valued at $34,000. Synergy Asset Management LLC purchased a new stake in Manhattan Associates in the 4th quarter valued at $35,000. Transce3nd LLC acquired a new stake in shares of Manhattan Associates in the 4th quarter worth $41,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of Manhattan Associates during the 4th quarter worth $72,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
MANH has been the subject of a number of recent analyst reports. Piper Sandler cut their price target on shares of Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating for the company in a report on Friday, March 14th. Truist Financial increased their price target on Manhattan Associates from $190.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Raymond James decreased their target price on shares of Manhattan Associates from $305.00 to $270.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 29th. William Blair raised shares of Manhattan Associates from a "market perform" rating to an "outperform" rating in a research note on Thursday, February 13th. Finally, DA Davidson increased their price objective on shares of Manhattan Associates from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $210.14.
Read Our Latest Stock Analysis on MANH
Manhattan Associates Stock Performance
Shares of MANH traded down $2.75 during mid-day trading on Wednesday, hitting $188.28. 667,129 shares of the company's stock were exchanged, compared to its average volume of 589,658. The company has a market cap of $11.43 billion, a price-to-earnings ratio of 53.64 and a beta of 1.13. The stock's 50-day moving average is $174.84 and its 200-day moving average is $219.52. Manhattan Associates, Inc. has a fifty-two week low of $140.81 and a fifty-two week high of $312.60.
Insider Buying and Selling
In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $170.83, for a total value of $476,274.04. Following the sale, the chief financial officer now directly 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 document filed with the SEC, which is available at this link. 0.88% of the stock is currently owned by insiders.
Manhattan Associates Profile
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Free Report)
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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