Manhattan Associates, Inc. (NASDAQ:MANH) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,263 shares of the software maker’s stock after selling 839 shares during the quarter. Mutual of America Capital Management LLC owned about 0.05% of Manhattan Associates worth $8,719,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MANH. Private Advisor Group LLC increased its stake in shares of Manhattan Associates by 8.9% in the 3rd quarter. Private Advisor Group LLC now owns 1,376 shares of the software maker’s stock worth $387,000 after acquiring an additional 113 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Manhattan Associates by 21.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,535 shares of the software maker’s stock valued at $713,000 after purchasing an additional 455 shares during the period. First Trust Direct Indexing L.P. increased its position in Manhattan Associates by 30.4% during the third quarter. First Trust Direct Indexing L.P. now owns 2,786 shares of the software maker’s stock worth $784,000 after purchasing an additional 649 shares during the last quarter. Oak Ridge Investments LLC purchased a new position in Manhattan Associates during the third quarter worth about $408,000. Finally, Hills Bank & Trust Co boosted its holdings in Manhattan Associates by 107.4% in the 3rd quarter. Hills Bank & Trust Co now owns 1,626 shares of the software maker’s stock valued at $458,000 after purchasing an additional 842 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MANH shares. William Blair upgraded shares of Manhattan Associates from a “market perform” rating to an “outperform” rating in a report on Thursday, February 13th. Raymond James reduced their target price on Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. Truist Financial lowered their price target on Manhattan Associates from $310.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Piper Sandler restated an “overweight” rating and issued a $268.00 price objective (down from $326.00) on shares of Manhattan Associates in a report on Wednesday, January 29th. Finally, Citigroup decreased their target price on shares of Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $273.33.

Manhattan Associates Price Performance

Shares of NASDAQ:MANH opened at $176.88 on Friday. The firm has a market capitalization of $10.81 billion, a PE ratio of 50.39 and a beta of 1.50. Manhattan Associates, Inc. has a 1 year low of $169.94 and a 1 year high of $312.60. The firm’s 50-day moving average is $236.56 and its two-hundred day moving average is $263.75.

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.