Mutual of America Capital Management LLC Decreases Stake in Manhattan Associates, Inc. (NASDAQ:MANH)

Mutual of America Capital Management LLC trimmed its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 2.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 32,263 shares of the software maker’s stock after selling 839 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Manhattan Associates were worth $8,719,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several research firms have recently issued reports on MANH. William Blair raised Manhattan Associates from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 13th. Citigroup dropped their price target on shares of Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. DA Davidson reduced their price objective on shares of Manhattan Associates from $315.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Piper Sandler reaffirmed an “overweight” rating and issued a $268.00 target price (down from $326.00) on shares of Manhattan Associates in a research report on Wednesday, January 29th. Finally, StockNews.com cut shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $273.33.

Manhattan Associates Stock Performance

Shares of Manhattan Associates stock opened at $176.88 on Friday. The company’s fifty day moving average is $236.56 and its two-hundred day moving average is $263.75. Manhattan Associates, Inc. has a 1 year low of $169.94 and a 1 year high of $312.60. The company has a market capitalization of $10.81 billion, a P/E ratio of 50.39 and a beta of 1.50.

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.