Manhattan Associates, Inc. (NASDAQ:MANH) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 9.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,852 shares of the software maker’s stock after purchasing an additional 4,986 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.10% of Manhattan Associates worth $12,923,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. California Public Employees Retirement System boosted its position in Manhattan Associates by 184.3% during the third quarter. California Public Employees Retirement System now owns 352,665 shares of the software maker’s stock worth $69,708,000 after acquiring an additional 228,618 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Manhattan Associates by 958.3% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 128,574 shares of the software maker’s stock valued at $25,414,000 after purchasing an additional 116,425 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Manhattan Associates by 42.3% in the third quarter. Royal Bank of Canada now owns 241,427 shares of the software maker’s stock valued at $47,720,000 after purchasing an additional 71,725 shares during the last quarter. Swiss National Bank lifted its position in Manhattan Associates by 48.0% during the third quarter. Swiss National Bank now owns 199,820 shares of the software maker’s stock worth $39,496,000 after buying an additional 64,800 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in Manhattan Associates by 1,467.0% during the fourth quarter. Nordea Investment Management AB now owns 66,176 shares of the software maker’s stock worth $14,265,000 after buying an additional 61,953 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Insider Activity

In related news, EVP James Stewart Gantt sold 680 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $248.84, for a total transaction of $169,211.20. Following the transaction, 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 filing with the SEC, which is available through this hyperlink. In other Manhattan Associates news, CEO Eddie Capel sold 10,897 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $247.73, for a total value of $2,699,513.81. Following the completion of the transaction, the chief executive officer now owns 242,153 shares of the company’s stock, valued at approximately $59,988,562.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James Stewart Gantt sold 680 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $248.84, for a total value of $169,211.20. Following the sale, the executive vice president now directly owns 57,093 shares in the company, valued at approximately $14,207,022.12. The disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on MANH. William Blair reiterated a “market perform” rating on shares of Manhattan Associates in a report on Wednesday, April 24th. Truist Financial increased their price target on shares of Manhattan Associates from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Citigroup reduced their price target on shares of Manhattan Associates from $260.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Rosenblatt Securities reiterated a “neutral” rating and issued a $225.00 price objective on shares of Manhattan Associates in a report on Wednesday, April 24th. Finally, Raymond James raised their target price on Manhattan Associates from $214.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $234.86.

Manhattan Associates Stock Performance

Manhattan Associates stock opened at $210.76 on Friday. The company has a market capitalization of $12.98 billion, a PE ratio of 68.88 and a beta of 1.45. Manhattan Associates, Inc. has a fifty-two week low of $166.82 and a fifty-two week high of $266.94. The firm has a 50 day moving average price of $240.00 and a 200 day moving average price of $227.03.

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.