UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 5.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 545,570 shares of the software maker's stock after purchasing an additional 27,621 shares during the period. 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 filing with the SEC.
Several other hedge funds have also recently bought and sold shares of the stock. Twin Tree Management LP acquired a new position in shares of Manhattan Associates during the fourth quarter valued at about $25,000. Synergy Asset Management LLC bought a new stake in shares of Manhattan Associates during the 4th quarter valued at about $35,000. Whipplewood Advisors LLC purchased a new position in Manhattan Associates in the fourth quarter worth about $34,000. Transce3nd LLC purchased a new position in shares of Manhattan Associates during the fourth quarter valued at approximately $41,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of Manhattan Associates in the fourth quarter worth approximately $72,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $170.83, for a total transaction of $476,274.04. Following the sale, the chief financial officer now directly owns 101,263 shares in the company, valued at $17,298,758.29. This represents a 2.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.88% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on MANH shares. William Blair raised shares of Manhattan Associates from a "market perform" rating to an "outperform" rating in a research note on Thursday, February 13th. Piper Sandler dropped their target price on shares of Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. DA Davidson raised their price target on shares of Manhattan Associates from $200.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Citigroup lowered their price target on shares of Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Finally, Loop Capital reaffirmed a "hold" rating and issued a $170.00 price objective (down from $275.00) on shares of Manhattan Associates in a research report on Thursday, April 10th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Manhattan Associates currently has a consensus rating of "Moderate Buy" and a consensus target price of $210.14.
Check Out Our Latest Stock Report on Manhattan Associates
Manhattan Associates Price Performance
MANH traded down $0.14 during trading on Thursday, reaching $188.14. 220,188 shares of the company's stock were exchanged, compared to its average volume of 589,619. The stock has a market capitalization of $11.42 billion, a P/E ratio of 53.58 and a beta of 1.13. The company's fifty day simple moving average is $175.18 and its 200-day simple moving average is $219.30. Manhattan Associates, Inc. has a 1 year low of $140.81 and a 1 year high of $312.60.
About Manhattan Associates
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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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