J.P. Morgan Private Wealth Advisors LLC Has $2.79 Million Position in Manhattan Associates, Inc. (NASDAQ:MANH)

J.P. Morgan Private Wealth Advisors LLC lessened its holdings in Manhattan Associates, Inc. (NASDAQ:MANHFree Report) by 6.9% in the third quarter, Holdings Channel reports. The institutional investor owned 14,099 shares of the software maker’s stock after selling 1,039 shares during the period. J.P. Morgan Private Wealth Advisors LLC’s holdings in Manhattan Associates were worth $2,787,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. New York Life Investment Management LLC raised its holdings in Manhattan Associates by 123.5% in the 3rd quarter. New York Life Investment Management LLC now owns 6,846 shares of the software maker’s stock valued at $1,353,000 after buying an additional 3,783 shares during the last quarter. Quantbot Technologies LP increased its position in Manhattan Associates by 111.8% during the 3rd quarter. Quantbot Technologies LP now owns 4,922 shares of the software maker’s stock valued at $973,000 after purchasing an additional 2,598 shares during the period. Alpha DNA Investment Management LLC acquired a new stake in Manhattan Associates during the 3rd quarter valued at approximately $233,000. Barclays PLC increased its position in Manhattan Associates by 22.3% during the 3rd quarter. Barclays PLC now owns 90,374 shares of the software maker’s stock valued at $17,863,000 after purchasing an additional 16,485 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in Manhattan Associates during the 3rd quarter valued at approximately $305,000. Institutional investors own 97.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MANH shares. Truist Financial increased their target price on shares of Manhattan Associates from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Rosenblatt Securities increased their target price on shares of Manhattan Associates from $215.00 to $225.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Raymond James increased their target price on shares of Manhattan Associates from $214.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Finally, StockNews.com raised shares of 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $226.50.

Read Our Latest Analysis on MANH

Manhattan Associates Stock Up 0.5 %

Shares of MANH stock opened at $247.02 on Friday. The company has a market cap of $15.21 billion, a price-to-earnings ratio of 87.60 and a beta of 1.46. Manhattan Associates, Inc. has a 52 week low of $133.81 and a 52 week high of $258.91. The firm has a 50 day moving average of $221.36 and a 200-day moving average of $207.74.

Insider Transactions at Manhattan Associates

In related news, EVP James Stewart Gantt sold 680 shares of Manhattan Associates stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $248.84, for a total value of $169,211.20. Following the completion of the sale, the executive vice president now owns 57,093 shares of the company’s stock, valued at approximately $14,207,022.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Manhattan Associates news, Director Thomas E. Noonan sold 2,515 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $222.13, for a total transaction of $558,656.95. Following the completion of the sale, the director now owns 106,857 shares in the company, valued at approximately $23,736,145.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James Stewart Gantt sold 680 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $248.84, for a total transaction of $169,211.20. Following the sale, the executive vice president now owns 57,093 shares of the company’s stock, valued at approximately $14,207,022.12. The disclosure for this sale can be found here. Insiders sold a total of 17,134 shares of company stock valued at $4,082,933 in the last quarter. 0.85% of the stock is currently owned by company insiders.

About Manhattan Associates

(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.

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

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