Manhattan Associates, Inc. (NASDAQ:MANH) Stock Holdings Lifted by Amundi

Amundi lifted its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 14.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,377 shares of the software maker’s stock after acquiring an additional 13,433 shares during the quarter. Amundi’s holdings in Manhattan Associates were worth $29,532,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Whipplewood Advisors LLC purchased a new stake in shares of Manhattan Associates during the fourth quarter valued at $34,000. Synergy Asset Management LLC purchased a new stake in shares of Manhattan Associates during the fourth quarter valued at $35,000. Ashton Thomas Securities LLC purchased a new stake in shares of Manhattan Associates during the third quarter valued at $42,000. Brooklyn Investment Group purchased a new stake in shares of Manhattan Associates during the third quarter valued at $58,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of Manhattan Associates during the fourth quarter valued at $72,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Associates Price Performance

MANH opened at $166.66 on Thursday. Manhattan Associates, Inc. has a fifty-two week low of $164.48 and a fifty-two week high of $312.60. The business has a 50-day moving average of $219.52 and a 200-day moving average of $258.82. The company has a market capitalization of $10.19 billion, a PE ratio of 47.48 and a beta of 1.47.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MANH. StockNews.com downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Piper Sandler reaffirmed an “overweight” rating and set a $268.00 target price (down from $326.00) on shares of Manhattan Associates in a report on Wednesday, January 29th. DA Davidson reduced their price objective on Manhattan Associates from $315.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Citigroup reduced their price objective on Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Finally, William Blair raised Manhattan Associates from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Manhattan Associates presently has an average rating of “Moderate Buy” and a consensus target price of $273.33.

Insider Transactions at Manhattan Associates

In other news, CFO Dennis B. Story sold 2,788 shares of the 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 transaction, the chief financial officer now owns 101,263 shares of the company’s stock, valued at approximately $17,298,758.29. This represents a 2.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.72% of the company’s stock.

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.