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UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Manhattan Associates logo with Computer and Technology background

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

(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.

Further Reading

Institutional Ownership by Quarter for Manhattan Associates (NASDAQ:MANH)

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