Fuller & Thaler Asset Management Inc. Raises Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Fuller & Thaler Asset Management Inc. raised its position in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 48.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,545 shares of the software maker's stock after buying an additional 1,485 shares during the period. Fuller & Thaler Asset Management Inc.'s holdings in Manhattan Associates were worth $1,228,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MANH. SkyView Investment Advisors LLC increased its holdings in Manhattan Associates by 2.0% in the third quarter. SkyView Investment Advisors LLC now owns 5,120 shares of the software maker's stock valued at $1,441,000 after buying an additional 102 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Manhattan Associates in the third quarter valued at $502,000. Optimist Retirement Group LLC increased its holdings in Manhattan Associates by 9.0% in the third quarter. Optimist Retirement Group LLC now owns 916 shares of the software maker's stock valued at $258,000 after buying an additional 76 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Manhattan Associates by 213.7% in the third quarter. JPMorgan Chase & Co. now owns 1,009,913 shares of the software maker's stock valued at $284,169,000 after buying an additional 687,933 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Manhattan Associates by 40.1% in the fourth quarter. GAMMA Investing LLC now owns 1,662 shares of the software maker's stock valued at $449,000 after buying an additional 476 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MANH shares. Loop Capital reissued a "hold" rating and set a $170.00 target price (down previously from $275.00) on shares of Manhattan Associates in a research note on Thursday, April 10th. DA Davidson boosted their target price on shares of Manhattan Associates from $195.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Piper Sandler cut their target price on shares of Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Truist Financial boosted their target price on shares of Manhattan Associates from $180.00 to $190.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Finally, Citigroup cut their target price on shares of Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $212.38.

Insider Activity

In other news, CFO Dennis B. Story sold 2,788 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $170.83, for a total value of $476,274.04. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.72% of the company's stock.

Manhattan Associates Stock Performance

Shares of MANH stock traded up $1.93 during trading hours on Thursday, reaching $179.32. The company had a trading volume of 149,028 shares, compared to its average volume of 571,173. The stock has a fifty day moving average of $168.72 and a 200-day moving average of $232.27. The company has a market capitalization of $10.89 billion, a price-to-earnings ratio of 51.16 and a beta of 1.36. Manhattan Associates, Inc. has a 12-month low of $140.81 and a 12-month 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.