Manhattan Associates, Inc. (NASDAQ:MANH) Shares Acquired by Aviva PLC

Aviva PLC increased its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 813.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,730 shares of the software maker's stock after purchasing an additional 32,711 shares during the period. Aviva PLC owned 0.06% of Manhattan Associates worth $9,926,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA boosted its position in Manhattan Associates by 101.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,673,776 shares of the software maker's stock valued at $452,321,000 after acquiring an additional 841,276 shares in the last quarter. Norges Bank bought a new stake in Manhattan Associates during the fourth quarter valued at about $201,377,000. JPMorgan Chase & Co. grew its stake 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 purchasing an additional 687,933 shares during the last quarter. Franklin Resources Inc. raised its holdings in Manhattan Associates by 43.2% in the fourth quarter. Franklin Resources Inc. now owns 1,916,509 shares of the software maker's stock worth $517,917,000 after purchasing an additional 578,295 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Manhattan Associates by 275.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 486,750 shares of the software maker's stock valued at $131,539,000 after buying an additional 357,172 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

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Manhattan Associates Stock Up 0.8 %

Shares of NASDAQ:MANH traded up $1.33 during midday trading on Monday, reaching $160.00. The company's stock had a trading volume of 133,722 shares, compared to its average volume of 556,020. The stock has a fifty day moving average of $173.89 and a 200 day moving average of $242.09. Manhattan Associates, Inc. has a twelve month low of $140.81 and a twelve month high of $312.60. The firm has a market capitalization of $9.71 billion, a PE ratio of 45.58 and a beta of 1.36.

Analysts Set New Price Targets

Several research analysts recently commented on MANH shares. William Blair upgraded shares of Manhattan Associates from a "market perform" rating to an "outperform" rating in a research note on Thursday, February 13th. Truist Financial decreased their price objective on Manhattan Associates from $285.00 to $185.00 and set a "buy" rating for the company in a report on Monday. Robert W. Baird dropped their target price on Manhattan Associates from $282.00 to $225.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 18th. Piper Sandler decreased their price target on Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Finally, Raymond James lowered their target price 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. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $221.00.

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the business'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 transaction, the chief financial officer now directly owns 101,263 shares of the company's stock, valued at approximately $17,298,758.29. The trade was a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.72% of the stock is owned by corporate insiders.

About Manhattan Associates

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.