MML Investors Services LLC raised its holdings in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 13.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,357 shares of the software maker's stock after purchasing an additional 1,458 shares during the quarter. MML Investors Services LLC's holdings in Manhattan Associates were worth $3,339,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in Manhattan Associates by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 6,702,557 shares of the software maker's stock valued at $1,811,299,000 after buying an additional 50,538 shares in the last quarter. FMR LLC grew its holdings in shares of Manhattan Associates by 16.2% in the 4th quarter. FMR LLC now owns 2,227,669 shares of the software maker's stock worth $602,005,000 after acquiring an additional 310,257 shares during the period. Franklin Resources Inc. increased its stake in Manhattan Associates by 43.2% in the 4th quarter. Franklin Resources Inc. now owns 1,916,509 shares of the software maker's stock valued at $517,917,000 after purchasing an additional 578,295 shares in the last quarter. Invesco Ltd. raised its holdings in Manhattan Associates by 3.1% during the fourth 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 fourth quarter. Massachusetts Financial Services Co. MA now owns 1,673,776 shares of the software maker's stock worth $452,321,000 after purchasing an additional 841,276 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Manhattan Associates
In other news, CFO Dennis B. Story sold 2,788 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $170.83, for a total transaction 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 position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.88% of the stock is owned by company insiders.
Manhattan Associates Stock Up 3.0 %
Shares of NASDAQ:MANH traded up $5.41 during midday trading on Friday, reaching $184.04. The company's stock had a trading volume of 131,256 shares, compared to its average volume of 571,197. The firm has a market cap of $11.17 billion, a price-to-earnings ratio of 52.42 and a beta of 1.36. The business has a 50 day moving average price of $168.75 and a 200 day moving average price of $231.40. Manhattan Associates, Inc. has a 1 year low of $140.81 and a 1 year high of $312.60.
Wall Street Analysts Forecast Growth
MANH has been the topic of several recent research reports. Loop Capital reiterated 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. William Blair upgraded shares of Manhattan Associates from a "market perform" rating to an "outperform" rating in a research report on Thursday, February 13th. Truist Financial lifted their price objective on Manhattan Associates from $180.00 to $190.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Raymond James lowered their target price on Manhattan Associates from $305.00 to $270.00 and set an "outperform" rating on the stock in a report on Wednesday, January 29th. Finally, StockNews.com cut Manhattan Associates from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Three 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 has an average rating of "Moderate Buy" and a consensus price target of $212.38.
View Our Latest Research Report on MANH
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.
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