OMERS ADMINISTRATION Corp Has $2.02 Million Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

OMERS ADMINISTRATION Corp lessened its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 28.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,472 shares of the software maker’s stock after selling 2,963 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Manhattan Associates were worth $2,019,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MANH. Massachusetts Financial Services Co. MA raised its stake 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 worth $452,321,000 after buying an additional 841,276 shares during the period. Norges Bank acquired a new stake in Manhattan Associates during the 4th quarter worth $201,377,000. JPMorgan Chase & Co. raised its stake in Manhattan Associates by 213.7% during the 3rd 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. Franklin Resources Inc. raised its stake in shares of Manhattan Associates by 43.2% in the 4th quarter. Franklin Resources Inc. now owns 1,916,509 shares of the software maker’s stock valued at $517,917,000 after purchasing an additional 578,295 shares during the period. Finally, Lazard Asset Management LLC raised its stake in shares of Manhattan Associates by 2,075.5% in the 4th quarter. Lazard Asset Management LLC now owns 399,066 shares of the software maker’s stock valued at $107,842,000 after purchasing an additional 380,722 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

Manhattan Associates stock opened at $193.10 on Friday. Manhattan Associates, Inc. has a 52 week low of $140.81 and a 52 week high of $312.60. The stock has a market capitalization of $11.72 billion, a P/E ratio of 55.01 and a beta of 1.13. The stock has a 50-day simple moving average of $171.82 and a 200 day simple moving average of $224.46.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Piper Sandler dropped their price target on Manhattan Associates from $268.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, March 14th. Loop Capital reissued a “hold” rating and issued a $170.00 price target (down previously from $275.00) on shares of Manhattan Associates in a research note on Thursday, April 10th. William Blair raised 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 note on Tuesday, March 18th. Finally, Truist Financial lifted their price target on Manhattan Associates from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $205.57.

Insider Buying and Selling

In related news, CFO Dennis B. Story sold 2,788 shares of Manhattan Associates 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 completion of the transaction, the chief financial officer now owns 101,263 shares in the company, valued at approximately $17,298,758.29. This trade represents a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.88% of the stock is currently owned by corporate insiders.

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.