Manhattan Associates, Inc. (NASDAQ:MANH) Shares Sold by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV decreased its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,542 shares of the software maker’s stock after selling 73 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Manhattan Associates were worth $2,075,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Nomura Holdings Inc. acquired a new stake in Manhattan Associates during the fourth quarter valued at approximately $2,190,000. Nuveen Asset Management LLC raised its stake in Manhattan Associates by 2.9% during the fourth quarter. Nuveen Asset Management LLC now owns 231,901 shares of the software maker’s stock valued at $62,669,000 after buying an additional 6,622 shares in the last quarter. Lazard Asset Management LLC raised its stake in Manhattan Associates by 2,075.5% during the fourth quarter. Lazard Asset Management LLC now owns 399,066 shares of the software maker’s stock valued at $107,842,000 after buying an additional 380,722 shares in the last quarter. Janus Henderson Group PLC raised its stake in Manhattan Associates by 20.5% during the fourth quarter. Janus Henderson Group PLC now owns 3,327 shares of the software maker’s stock valued at $899,000 after buying an additional 565 shares in the last quarter. Finally, Focus Partners Wealth acquired a new stake in Manhattan Associates during the fourth quarter valued at approximately $252,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Buying and Selling

In related news, CFO Dennis B. Story sold 2,788 shares of the 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 $17,298,758.29. This represents a 2.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.88% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on MANH shares. Raymond James cut their price objective on Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. Truist Financial upped their price objective on Manhattan Associates from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd. Loop Capital restated a “hold” rating and set a $170.00 price objective (down previously from $275.00) on shares of Manhattan Associates in a research note on Thursday, April 10th. Citigroup lowered their target price on Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating for the company in a report on Friday, March 14th. 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 research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $205.57.

Manhattan Associates Trading Up 0.7%

NASDAQ:MANH opened at $194.49 on Friday. Manhattan Associates, Inc. has a 52 week low of $140.81 and a 52 week high of $312.60. The firm has a market capitalization of $11.81 billion, a PE ratio of 55.41 and a beta of 1.13. The stock has a 50 day moving average of $172.36 and a 200-day moving average of $223.60.

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.