Manhattan Associates, Inc. (NASDAQ:MANH) Shares Bought by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,510 shares of the software maker’s stock after purchasing an additional 63 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Manhattan Associates were worth $678,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. acquired a new position in Manhattan Associates during the fourth quarter worth $3,890,000. GDS Wealth Management boosted its position in shares of Manhattan Associates by 281.4% during the 4th quarter. GDS Wealth Management now owns 6,347 shares of the software maker’s stock valued at $1,715,000 after acquiring an additional 4,683 shares during the last quarter. Oak Thistle LLC purchased a new stake in shares of Manhattan Associates in the fourth quarter valued at about $1,326,000. AustralianSuper Pty Ltd increased its position in Manhattan Associates by 968.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 232,719 shares of the software maker’s stock worth $62,890,000 after purchasing an additional 210,929 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in Manhattan Associates during the fourth quarter worth about $1,200,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MANH has been the subject of a number of recent analyst reports. Truist Financial cut their price target on shares of Manhattan Associates from $310.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. DA Davidson raised Manhattan Associates to a “strong-buy” rating in a research note on Monday. Piper Sandler decreased their price target on Manhattan Associates from $268.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, March 14th. Citigroup cut 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. Finally, Robert W. Baird decreased 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. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Manhattan Associates has an average rating of “Moderate Buy” and a consensus target price of $243.78.

Insiders Place Their Bets

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $170.83, for a total value of $476,274.04. Following the completion of the transaction, the chief financial officer now owns 101,263 shares in the company, valued at $17,298,758.29. The trade was a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.72% of the stock is owned by company insiders.

Manhattan Associates Stock Performance

Shares of MANH opened at $174.82 on Friday. The company’s 50-day simple moving average is $198.17 and its 200-day simple moving average is $252.30. Manhattan Associates, Inc. has a 1 year low of $163.10 and a 1 year high of $312.60. The stock has a market capitalization of $10.69 billion, a PE ratio of 49.81 and a beta of 1.47.

Manhattan Associates 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.