UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 27,621 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 5.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 545,570 shares of the software maker's stock after purchasing an additional 27,621 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.89% of Manhattan Associates worth $147,435,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Metis Global Partners LLC boosted its stake in Manhattan Associates by 7.0% during the 4th quarter. Metis Global Partners LLC now owns 837 shares of the software maker's stock valued at $226,000 after acquiring an additional 55 shares during the last quarter. BOKF NA boosted its stake in Manhattan Associates by 0.4% during the 4th quarter. BOKF NA now owns 13,271 shares of the software maker's stock valued at $3,522,000 after acquiring an additional 55 shares during the last quarter. Kestra Investment Management LLC boosted its stake in Manhattan Associates by 2.9% during the 4th quarter. Kestra Investment Management LLC now owns 2,055 shares of the software maker's stock valued at $555,000 after acquiring an additional 57 shares during the last quarter. McGlone Suttner Wealth Management Inc. boosted its stake in Manhattan Associates by 8.3% during the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 813 shares of the software maker's stock valued at $220,000 after acquiring an additional 62 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its stake in Manhattan Associates by 2.6% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,510 shares of the software maker's stock valued at $678,000 after acquiring an additional 63 shares during the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on MANH. DA Davidson increased their price objective on shares of Manhattan Associates from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Raymond James reduced their price target 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. Robert W. Baird set a $212.00 price target on shares of Manhattan Associates and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Truist Financial raised their price target on shares of Manhattan Associates from $190.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Finally, Piper Sandler reduced their price target on shares of Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating on the stock in a research report on Friday, March 14th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $210.14.

Manhattan Associates Price Performance

MANH stock traded up $5.80 on Tuesday, reaching $191.03. The company's stock had a trading volume of 615,136 shares, compared to its average volume of 589,348. The firm has a fifty day moving average of $174.47 and a two-hundred day moving average of $219.72. The company has a market capitalization of $11.60 billion, a P/E ratio of 54.42 and a beta of 1.13. Manhattan Associates, Inc. has a 52 week low of $140.81 and a 52 week high of $312.60.

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the firm'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 transaction, the chief financial officer now owns 101,263 shares of the company's stock, valued at approximately $17,298,758.29. This trade represents a 2.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.88% of the stock is owned by corporate insiders.

Manhattan Associates Company Profile

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.