Aware Super Pty Ltd as trustee of Aware Super Purchases New Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Aware Super Pty Ltd as trustee of Aware Super acquired a new position in Manhattan Associates, Inc. (NASDAQ:MANH) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 119,185 shares of the software maker’s stock, valued at approximately $32,209,000. Aware Super Pty Ltd as trustee of Aware Super owned 0.20% of Manhattan Associates as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Twin Tree Management LP purchased a new stake in Manhattan Associates in the fourth quarter worth $25,000. Whipplewood Advisors LLC purchased a new stake in shares of Manhattan Associates in the 4th quarter worth about $34,000. Synergy Asset Management LLC bought a new stake in shares of Manhattan Associates during the 4th quarter valued at about $35,000. Bank of Jackson Hole Trust purchased a new position in shares of Manhattan Associates during the fourth quarter valued at about $72,000. Finally, EverSource Wealth Advisors LLC raised its stake in Manhattan Associates by 144.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 308 shares of the software maker’s stock worth $83,000 after buying an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Insider Activity

In related news, CFO Dennis B. Story sold 2,788 shares of the company’s stock in a transaction on 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 owns 101,263 shares in the company, valued at approximately $17,298,758.29. This represents a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on MANH shares. William Blair upgraded Manhattan Associates from a “market perform” rating to an “outperform” rating in a report on Thursday, February 13th. Citigroup lowered their price objective on Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Robert W. Baird reduced their target price on shares of Manhattan Associates from $282.00 to $225.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 18th. Piper Sandler lowered their price target on shares of Manhattan Associates from $268.00 to $200.00 and set an “overweight” rating for the company in a research report on Friday, March 14th. Finally, StockNews.com cut shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Manhattan Associates presently has a consensus rating of “Moderate Buy” and an average target price of $232.11.

Manhattan Associates Stock Up 0.7 %

MANH opened at $158.67 on Monday. Manhattan Associates, Inc. has a twelve month low of $140.81 and a twelve month high of $312.60. The firm has a 50 day moving average price of $173.89 and a 200-day moving average price of $242.09. The stock has a market capitalization of $9.63 billion, a price-to-earnings ratio of 45.21 and a beta of 1.36.

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.