Kayne Anderson Rudnick Investment Management LLC Has $347.16 Million Stock Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Kayne Anderson Rudnick Investment Management LLC lessened its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 2.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,284,635 shares of the software maker's stock after selling 25,778 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned about 2.10% of Manhattan Associates worth $347,160,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MANH. SkyView Investment Advisors LLC lifted its holdings in shares of Manhattan Associates by 2.0% during the third quarter. SkyView Investment Advisors LLC now owns 5,120 shares of the software maker's stock valued at $1,441,000 after purchasing an additional 102 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Manhattan Associates during the 3rd quarter worth about $502,000. Optimist Retirement Group LLC lifted its stake in Manhattan Associates by 9.0% during 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. boosted its holdings in shares of Manhattan Associates by 213.7% in the third quarter. JPMorgan Chase & Co. now owns 1,009,913 shares of the software maker's stock worth $284,169,000 after buying an additional 687,933 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Manhattan Associates by 40.1% in the fourth quarter. GAMMA Investing LLC now owns 1,662 shares of the software maker's stock worth $449,000 after acquiring an additional 476 shares in the last quarter. 98.45% of the stock is owned by institutional investors.

Insider Activity at Manhattan Associates

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $170.83, for a total transaction of $476,274.04. Following the completion of the transaction, the chief financial officer now owns 101,263 shares of the company's stock, valued at $17,298,758.29. The trade was a 2.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.72% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MANH. William Blair raised shares of Manhattan Associates from a "market perform" rating to an "outperform" rating in a research note on Thursday, February 13th. Robert W. Baird dropped their price target on Manhattan Associates from $282.00 to $225.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 18th. StockNews.com downgraded Manhattan Associates from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. DA Davidson lifted their target price on Manhattan Associates from $195.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Truist Financial increased their price target on shares of Manhattan Associates from $180.00 to $190.00 and gave the stock a "buy" rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $212.38.

Manhattan Associates Trading Up 0.5 %

Manhattan Associates stock traded up $0.79 during mid-day trading on Friday, hitting $175.00. 193,019 shares of the company's stock were exchanged, compared to its average volume of 569,634. Manhattan Associates, Inc. has a 1-year low of $140.81 and a 1-year high of $312.60. The stock has a 50 day moving average of $169.45 and a two-hundred day moving average of $235.51. The stock has a market cap of $10.62 billion, a P/E ratio of 49.84 and a beta of 1.36.

Manhattan Associates 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.