Manhattan Associates, Inc. (NASDAQ:MANH) Shares Acquired by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. increased its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 42.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 164,559 shares of the software maker’s stock after acquiring an additional 48,927 shares during the period. Jupiter Asset Management Ltd. owned approximately 0.27% of Manhattan Associates worth $44,470,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in Manhattan Associates during the 3rd quarter valued at $34,000. Whipplewood Advisors LLC acquired a new stake in Manhattan Associates during the 4th quarter valued at $34,000. Synergy Asset Management LLC acquired a new stake in Manhattan Associates during the 4th quarter valued at $35,000. Ashton Thomas Securities LLC acquired a new stake in Manhattan Associates during the 3rd quarter valued at $42,000. Finally, Brooklyn Investment Group acquired a new stake in Manhattan Associates during the 3rd quarter valued at $58,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Manhattan Associates Price Performance

NASDAQ:MANH opened at $167.52 on Wednesday. The business’s 50-day moving average is $221.59 and its two-hundred day moving average is $259.47. Manhattan Associates, Inc. has a 12 month low of $164.48 and a 12 month high of $312.60. The firm has a market capitalization of $10.24 billion, a PE ratio of 47.73 and a beta of 1.47.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MANH. Citigroup lowered their target price on Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Piper Sandler restated an “overweight” rating and set a $268.00 price objective (down previously from $326.00) on shares of Manhattan Associates in a report on Wednesday, January 29th. Truist Financial decreased their price objective on Manhattan Associates from $310.00 to $285.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Raymond James decreased their price objective on Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. Finally, DA Davidson decreased their price objective on Manhattan Associates from $315.00 to $270.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Manhattan Associates currently has an average rating of “Moderate Buy” and an average price target of $273.33.

Insider Buying and Selling at Manhattan Associates

In other news, CFO Dennis B. Story sold 2,788 shares of the firm’s 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 sale, the chief financial officer now directly owns 101,263 shares in the company, valued at $17,298,758.29. This trade represents a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

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.