UniSuper Management Pty Ltd Sells 454 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

UniSuper Management Pty Ltd lessened its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 27.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,200 shares of the software maker’s stock after selling 454 shares during the period. UniSuper Management Pty Ltd’s holdings in Manhattan Associates were worth $324,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in shares of Manhattan Associates by 213.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,009,913 shares of the software maker’s stock worth $284,169,000 after buying an additional 687,933 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in Manhattan Associates by 275.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 486,750 shares of the software maker’s stock worth $131,539,000 after acquiring an additional 357,172 shares in the last quarter. Swedbank AB increased its position in Manhattan Associates by 1,840.3% during the 4th quarter. Swedbank AB now owns 369,019 shares of the software maker’s stock valued at $99,724,000 after purchasing an additional 350,000 shares during the period. AustralianSuper Pty Ltd raised 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 in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Manhattan Associates in the 4th quarter worth approximately $49,416,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Manhattan Associates

In other 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 completion of the sale, the chief financial officer now directly owns 101,263 shares in the company, valued at approximately $17,298,758.29. The trade was a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.72% of the stock is currently owned by company insiders.

Manhattan Associates Stock Down 0.3 %

MANH opened at $173.04 on Tuesday. The company has a market cap of $10.58 billion, a P/E ratio of 49.30 and a beta of 1.47. The firm’s 50-day moving average price is $194.16 and its 200-day moving average price is $250.92. Manhattan Associates, Inc. has a 52-week low of $163.10 and a 52-week high of $312.60.

Analyst Ratings Changes

MANH has been the topic of several research reports. Citigroup cut their price objective on shares of Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. Piper Sandler cut their price target on Manhattan Associates from $268.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. StockNews.com cut Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Raymond James cut their target price on Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. Finally, Robert W. Baird decreased their price target on shares of Manhattan Associates from $282.00 to $225.00 and set an “outperform” rating for the company in a research report on Tuesday, March 18th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $243.78.

About Manhattan Associates

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.