8,104 Shares in Manhattan Associates, Inc. (NASDAQ:MANH) Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. bought a new position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,104 shares of the software maker’s stock, valued at approximately $2,190,000.

Other hedge funds have also recently bought and sold shares of the company. Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of Manhattan Associates in the 4th quarter valued at $3,890,000. GDS Wealth Management boosted its holdings in shares of Manhattan Associates by 281.4% in the 4th quarter. GDS Wealth Management now owns 6,347 shares of the software maker’s stock valued at $1,715,000 after purchasing an additional 4,683 shares during the last quarter. AustralianSuper Pty Ltd boosted its holdings in shares of Manhattan Associates by 968.0% in the 4th quarter. AustralianSuper Pty Ltd now owns 232,719 shares of the software maker’s stock valued at $62,890,000 after purchasing an additional 210,929 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Manhattan Associates in the 4th quarter valued at $1,200,000. Finally, Smith Group Asset Management LLC boosted its holdings in shares of Manhattan Associates by 1.8% in the 4th quarter. Smith Group Asset Management LLC now owns 93,232 shares of the software maker’s stock valued at $25,195,000 after purchasing an additional 1,641 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Activity

In related news, CFO Dennis B. Story sold 2,788 shares of Manhattan Associates stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $170.83, for a total transaction of $476,274.04. Following the sale, the chief financial officer now owns 101,263 shares of the company’s stock, valued at $17,298,758.29. The trade was a 2.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.88% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on MANH. Raymond James decreased their price target on shares of Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. Loop Capital reiterated a “hold” rating and issued a $170.00 price target (down previously from $275.00) on shares of Manhattan Associates in a report on Thursday, April 10th. Truist Financial lifted their price target on shares of Manhattan Associates from $180.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, April 23rd. Piper Sandler decreased their price target on shares of Manhattan Associates from $268.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. Finally, DA Davidson lifted their price target on shares of Manhattan Associates from $195.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Manhattan Associates has a consensus rating of “Moderate Buy” and a consensus price target of $205.57.

Manhattan Associates Trading Up 0.7%

Shares of MANH stock opened at $194.49 on Friday. The company’s fifty day simple moving average is $172.36 and its 200-day simple moving average is $223.89. Manhattan Associates, Inc. has a 52 week low of $140.81 and a 52 week high of $312.60. The company has a market cap of $11.81 billion, a PE ratio of 55.41 and a beta of 1.13.

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.