New York Life Investment Management LLC Purchases 3,783 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

New York Life Investment Management LLC grew its position in shares of Manhattan Associates, Inc. (NASDAQ:MANHFree Report) by 123.5% in the third quarter, HoldingsChannel reports. The fund owned 6,846 shares of the software maker’s stock after acquiring an additional 3,783 shares during the period. New York Life Investment Management LLC’s holdings in Manhattan Associates were worth $1,353,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Eagle Bay Advisors LLC acquired a new stake in shares of Manhattan Associates in the 2nd quarter valued at approximately $36,000. Compass Wealth Management LLC acquired a new stake in shares of Manhattan Associates in the 4th quarter valued at approximately $42,000. ST Germain D J Co. Inc. acquired a new stake in shares of Manhattan Associates in the 2nd quarter valued at approximately $44,000. UMB Bank n.a. boosted its holdings in shares of Manhattan Associates by 474.4% in the 3rd quarter. UMB Bank n.a. now owns 224 shares of the software maker’s stock valued at $44,000 after buying an additional 185 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Manhattan Associates by 1,136.8% in the 2nd quarter. IFP Advisors Inc now owns 1,175 shares of the software maker’s stock valued at $51,000 after buying an additional 1,080 shares during the last quarter. Institutional investors and hedge funds own 97.85% of the company’s stock.

Manhattan Associates Price Performance

MANH stock opened at $247.52 on Wednesday. The stock has a market capitalization of $15.24 billion, a price-to-earnings ratio of 87.77 and a beta of 1.46. The business’s fifty day moving average price is $220.44 and its two-hundred day moving average price is $207.19. Manhattan Associates, Inc. has a fifty-two week low of $133.81 and a fifty-two week high of $258.91.

Insiders Place Their Bets

In other Manhattan Associates news, EVP James Stewart Gantt sold 3,042 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $215.50, for a total transaction of $655,551.00. Following the transaction, the executive vice president now owns 51,609 shares in the company, valued at approximately $11,121,739.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP James Stewart Gantt sold 3,042 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $215.50, for a total value of $655,551.00. Following the transaction, the executive vice president now owns 51,609 shares in the company, valued at $11,121,739.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas E. Noonan sold 2,515 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $222.13, for a total value of $558,656.95. Following the completion of the transaction, the director now owns 106,857 shares in the company, valued at approximately $23,736,145.41. The disclosure for this sale can be found here. Company insiders own 0.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Rosenblatt Securities increased their price objective on Manhattan Associates from $215.00 to $225.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. StockNews.com raised Manhattan Associates from a “hold” rating to a “buy” rating in a report on Friday, December 15th. Truist Financial raised their price target on Manhattan Associates from $240.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Finally, Raymond James raised their price target on Manhattan Associates from $214.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Two research 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $226.50.

Get Our Latest Analysis on Manhattan Associates

Manhattan Associates Company Profile

(Free Report)

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Manhattan SCALE, a portfolio of logistics execution solutions that provide trading partner management, yard management, optimization, warehouse management, and transportation execution services; and Manhattan Active, a set of enterprise and omnichannel solution, which include enterprise solutions and omnichannel solutions for store.

See Also

Want to see what other hedge funds are holding MANH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Manhattan Associates, Inc. (NASDAQ:MANHFree Report).

Institutional Ownership by Quarter for Manhattan Associates (NASDAQ:MANH)

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