Manhattan Associates, Inc. (NASDAQ:MANH) Stock Position Raised by First Trust Advisors LP

First Trust Advisors LP increased its holdings in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 38.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 107,300 shares of the software maker's stock after acquiring an additional 29,977 shares during the quarter. First Trust Advisors LP owned approximately 0.18% of Manhattan Associates worth $28,997,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Manhattan Associates by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 6,702,557 shares of the software maker's stock worth $1,811,299,000 after acquiring an additional 50,538 shares during the period. FMR LLC grew its holdings in shares of Manhattan Associates by 16.2% during the fourth quarter. FMR LLC now owns 2,227,669 shares of the software maker's stock valued at $602,005,000 after purchasing an additional 310,257 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Manhattan Associates by 43.2% during the 4th quarter. Franklin Resources Inc. now owns 1,916,509 shares of the software maker's stock worth $517,917,000 after purchasing an additional 578,295 shares during the period. Invesco Ltd. lifted its holdings in shares of Manhattan Associates by 3.1% in the 4th quarter. Invesco Ltd. now owns 1,861,160 shares of the software maker's stock worth $502,960,000 after purchasing an additional 55,334 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Manhattan Associates by 101.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,673,776 shares of the software maker's stock valued at $452,321,000 after purchasing an additional 841,276 shares during the period. Hedge funds and other institutional investors own 98.45% of the company's stock.

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 value of $476,274.04. Following the sale, the chief financial officer now directly owns 101,263 shares in the company, valued at approximately $17,298,758.29. The trade was a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.72% of the company's stock.

Wall Street Analysts Forecast Growth

MANH has been the topic of a number of recent research reports. Truist Financial raised their target price on Manhattan Associates from $180.00 to $190.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. StockNews.com downgraded shares of Manhattan Associates from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. William Blair upgraded shares of Manhattan Associates from a "market perform" rating to an "outperform" rating in a research report on Thursday, February 13th. Citigroup cut their price target on Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Finally, DA Davidson increased their price objective on Manhattan Associates from $195.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Manhattan Associates has a consensus rating of "Moderate Buy" and an average price target of $212.38.

Manhattan Associates Stock Up 0.8 %

MANH traded up $1.47 during trading on Thursday, reaching $178.86. The stock had a trading volume of 101,141 shares, compared to its average volume of 570,980. The stock has a 50 day moving average of $168.72 and a two-hundred day moving average of $232.27. The firm has a market capitalization of $10.86 billion, a price-to-earnings 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.

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.