Nisa Investment Advisors LLC Raises Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Nisa Investment Advisors LLC grew its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 0.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 16,426 shares of the software maker’s stock after acquiring an additional 132 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Manhattan Associates were worth $3,537,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MANH. BlackRock Inc. boosted its position in shares of Manhattan Associates by 13.5% in the 1st quarter. BlackRock Inc. now owns 7,461,771 shares of the software maker’s stock valued at $1,155,455,000 after purchasing an additional 888,755 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Manhattan Associates by 3.6% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,738,298 shares of the software maker’s stock worth $424,025,000 after purchasing an additional 95,122 shares in the last quarter. State Street Corp lifted its stake in shares of Manhattan Associates by 2.1% during the first quarter. State Street Corp now owns 1,739,702 shares of the software maker’s stock worth $269,393,000 after purchasing an additional 35,505 shares in the last quarter. FMR LLC lifted its stake in shares of Manhattan Associates by 2.1% during the third quarter. FMR LLC now owns 1,628,850 shares of the software maker’s stock worth $321,958,000 after purchasing an additional 33,549 shares in the last quarter. Finally, Morgan Stanley lifted its stake in shares of Manhattan Associates by 0.9% during the third quarter. Morgan Stanley now owns 1,522,444 shares of the software maker’s stock worth $300,927,000 after purchasing an additional 13,303 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Citigroup assumed coverage on Manhattan Associates in a research report on Wednesday, March 13th. They set a “neutral” rating and a $260.00 target price on the stock. Raymond James lifted their target price on Manhattan Associates from $214.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Truist Financial lifted their target price on Manhattan Associates from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Rosenblatt Securities lifted their target price on Manhattan Associates from $215.00 to $225.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. Finally, StockNews.com raised Manhattan Associates from a “hold” rating to a “buy” rating in a research report on Friday, December 15th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Manhattan Associates currently has an average rating of “Moderate Buy” and an average price target of $231.29.

Manhattan Associates Stock Up 0.6 %

Shares of MANH stock opened at $239.66 on Friday. The business has a 50 day moving average of $248.74 and a two-hundred day moving average of $224.85. Manhattan Associates, Inc. has a 52 week low of $152.32 and a 52 week high of $266.94. The company has a market cap of $14.76 billion, a P/E ratio of 84.99 and a beta of 1.44.

Manhattan Associates (NASDAQ:MANH) last issued its earnings results on Tuesday, January 30th. The software maker reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.23. The company had revenue of $238.26 million during the quarter, compared to the consensus estimate of $223.99 million. Manhattan Associates had a return on equity of 84.08% and a net margin of 19.01%. Analysts expect that Manhattan Associates, Inc. will post 2.78 EPS for the current fiscal year.

Insider Transactions at Manhattan Associates

In other news, CEO Eddie Capel sold 10,897 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $247.73, for a total transaction of $2,699,513.81. Following the completion of the transaction, the chief executive officer now directly owns 242,153 shares in the company, valued at $59,988,562.69. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Eddie Capel sold 10,897 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $247.73, for a total transaction of $2,699,513.81. Following the completion of the transaction, the chief executive officer now directly owns 242,153 shares in the company, valued at $59,988,562.69. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP James Stewart Gantt sold 680 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $248.84, for a total value of $169,211.20. Following the transaction, the executive vice president now owns 57,093 shares of the company’s stock, valued at $14,207,022.12. The disclosure for this sale can be found here. Insiders own 0.85% 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.