Bessemer Group Inc. lifted its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 1.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 781,424 shares of the software maker's stock after buying an additional 8,425 shares during the quarter. Bessemer Group Inc. owned about 1.28% of Manhattan Associates worth $211,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently bought and sold shares of MANH. APG Asset Management US Inc. purchased a new position in Manhattan Associates during the fourth quarter valued at $521,000. Raymond James Financial Inc. purchased a new stake in Manhattan Associates in the fourth quarter worth about $49,416,000. Faithward Advisors LLC grew its holdings in Manhattan Associates by 1.5% in the fourth quarter. Faithward Advisors LLC now owns 16,451 shares of the software maker's stock worth $4,446,000 after purchasing an additional 240 shares during the period. APG Asset Management N.V. increased its stake in shares of Manhattan Associates by 3.4% during the fourth quarter. APG Asset Management N.V. now owns 3,109 shares of the software maker's stock valued at $811,000 after purchasing an additional 102 shares in the last quarter. Finally, Advisory Services Network LLC lifted its holdings in shares of Manhattan Associates by 100.4% during the fourth quarter. Advisory Services Network LLC now owns 8,593 shares of the software maker's stock valued at $2,322,000 after purchasing an additional 4,305 shares during the last quarter. 98.45% of the stock is owned by institutional investors.
Manhattan Associates Trading Up 0.7 %
Manhattan Associates stock traded up $1.11 during midday trading on Monday, hitting $159.78. The stock had a trading volume of 303,356 shares, compared to its average volume of 556,621. Manhattan Associates, Inc. has a 52-week low of $140.81 and a 52-week high of $312.60. The company has a market capitalization of $9.70 billion, a PE ratio of 45.52 and a beta of 1.36. The firm's fifty day moving average is $173.89 and its two-hundred day moving average is $242.09.
Insider Transactions 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 stock was sold at an average price of $170.83, for a total transaction of $476,274.04. Following the sale, the chief financial officer now directly owns 101,263 shares of the company's stock, valued at $17,298,758.29. This trade represents a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.72% of the company's stock.
Wall Street Analysts Forecast Growth
MANH has been the subject of several analyst reports. Citigroup reduced their price target on Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Raymond James reduced their price objective on shares of Manhattan Associates from $305.00 to $270.00 and set an "outperform" rating for the company in a research note on Wednesday, January 29th. DA Davidson upgraded shares of Manhattan Associates to a "strong-buy" rating in a research note on Monday, March 24th. William Blair upgraded shares of Manhattan Associates from a "market perform" rating to an "outperform" rating in a report on Thursday, February 13th. Finally, Robert W. Baird lowered their target price on shares of Manhattan Associates from $282.00 to $225.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 18th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $221.00.
View Our Latest Research Report on Manhattan Associates
About Manhattan Associates
(
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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