Voya Investment Management LLC Raises Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Voya Investment Management LLC lifted its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 21.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,235 shares of the software maker's stock after purchasing an additional 6,642 shares during the quarter. Voya Investment Management LLC owned about 0.06% of Manhattan Associates worth $10,333,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MANH. Metis Global Partners LLC boosted its holdings in shares of 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 buying an additional 55 shares in the last quarter. Kestra Investment Management LLC boosted its stake in Manhattan Associates by 2.9% during the fourth quarter. Kestra Investment Management LLC now owns 2,055 shares of the software maker's stock worth $555,000 after acquiring an additional 57 shares in the last quarter. McGlone Suttner Wealth Management Inc. grew its holdings in Manhattan Associates by 8.3% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 813 shares of the software maker's stock worth $220,000 after purchasing an additional 62 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Manhattan Associates by 2.6% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,510 shares of the software maker's stock valued at $678,000 after purchasing an additional 63 shares in the last quarter. Finally, Kathmere Capital Management LLC lifted its holdings in shares of Manhattan Associates by 7.8% during the fourth quarter. Kathmere Capital Management LLC now owns 939 shares of the software maker's stock valued at $254,000 after purchasing an additional 68 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on MANH shares. Truist Financial raised their price objective on Manhattan Associates from $180.00 to $190.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. DA Davidson lifted their price target on Manhattan Associates from $195.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Piper Sandler cut their price objective 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. Citigroup decreased their target price on shares of Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Finally, Raymond James cut their price target on shares of Manhattan Associates from $305.00 to $270.00 and set an "outperform" rating on the stock in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $212.38.

Manhattan Associates Stock Performance

Shares of MANH stock traded up $4.78 during trading hours on Friday, reaching $183.41. The company had a trading volume of 527,713 shares, compared to its average volume of 574,463. The business has a fifty day moving average price of $168.86 and a 200-day moving average price of $229.56. Manhattan Associates, Inc. has a one year low of $140.81 and a one year high of $312.60. The firm has a market cap of $11.14 billion, a PE ratio of 52.25 and a beta of 1.36.

Insiders Place Their Bets

In other news, CFO Dennis B. Story sold 2,788 shares of the firm's stock in a transaction 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 transaction, the chief financial officer now directly owns 101,263 shares in the company, valued at $17,298,758.29. This trade 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 currently owned by 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.