Nuveen Asset Management LLC Purchases 6,622 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Nuveen Asset Management LLC boosted its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 231,901 shares of the software maker’s stock after buying an additional 6,622 shares during the period. Nuveen Asset Management LLC owned approximately 0.38% of Manhattan Associates worth $62,669,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in shares of 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 acquiring an additional 687,933 shares during the last quarter. Park Avenue Securities LLC lifted its stake in shares of Manhattan Associates by 21.5% during the 4th quarter. Park Avenue Securities LLC now owns 3,825 shares of the software maker’s stock worth $1,034,000 after acquiring an additional 676 shares during the last quarter. Merit Financial Group LLC bought a new stake in shares of Manhattan Associates during the 4th quarter worth approximately $436,000. HB Wealth Management LLC bought a new stake in shares of Manhattan Associates during the 4th quarter worth approximately $315,000. Finally, Raleigh Capital Management Inc. lifted its stake in shares of Manhattan Associates by 19.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 526 shares of the software maker’s stock worth $142,000 after acquiring an additional 84 shares during the last quarter. 98.45% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Dennis B. Story sold 2,788 shares of Manhattan Associates stock in a transaction 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 transaction, the chief financial officer now directly owns 101,263 shares in the company, valued at approximately $17,298,758.29. This trade represents a 2.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Loop Capital reiterated a “hold” rating and issued a $170.00 target price (down from $275.00) on shares of Manhattan Associates in a report on Thursday, April 10th. Truist Financial upped their target price on Manhattan Associates from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, April 23rd. Piper Sandler lowered their target price on Manhattan Associates from $268.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, March 14th. William Blair upgraded 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 Manhattan Associates from $282.00 to $225.00 and set an “outperform” rating for the company in a report on Tuesday, March 18th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $205.57.

Manhattan Associates Trading Up 0.7%

Shares of NASDAQ:MANH opened at $194.49 on Monday. Manhattan Associates, Inc. has a 12-month low of $140.81 and a 12-month high of $312.60. The business’s fifty day simple moving average is $172.36 and its 200-day simple moving average is $223.32. The company has a market capitalization of $11.81 billion, a PE ratio of 55.41 and a beta of 1.13.

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.