Kesler Norman & Wride LLC Has $755,000 Stake in Manhattan Associates, Inc. (NASDAQ:MANH)

Kesler Norman & Wride LLC grew its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 35.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,792 shares of the software maker’s stock after purchasing an additional 732 shares during the quarter. Kesler Norman & Wride LLC’s holdings in Manhattan Associates were worth $755,000 as of its most recent filing with the SEC.

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

Insider Transactions at Manhattan Associates

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the stock in a transaction dated 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. This represents a 2.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.72% of the company’s stock.

Manhattan Associates Price Performance

Shares of MANH opened at $178.89 on Thursday. The company has a market capitalization of $10.93 billion, a P/E ratio of 50.97 and a beta of 1.47. Manhattan Associates, Inc. has a one year low of $163.10 and a one year high of $312.60. The business’s 50 day simple moving average is $189.95 and its 200-day simple moving average is $249.79.

Analyst Upgrades and Downgrades

MANH has been the topic of several recent research reports. Robert W. Baird decreased their price objective on Manhattan Associates from $282.00 to $225.00 and set an “outperform” rating on the stock in a report on Tuesday, March 18th. Raymond James lowered 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. DA Davidson raised shares of Manhattan Associates to a “strong-buy” rating in a report on Monday, March 24th. Truist Financial lowered their target price on shares of Manhattan Associates from $310.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Finally, William Blair upgraded shares of Manhattan Associates from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $243.78.

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.