Arete Wealth Advisors LLC Buys 244 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Arete Wealth Advisors LLC increased its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 32.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 985 shares of the software maker’s stock after acquiring an additional 244 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Manhattan Associates were worth $266,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Motley Fool Asset Management LLC increased its position in Manhattan Associates by 14.2% in the 4th quarter. Motley Fool Asset Management LLC now owns 1,341 shares of the software maker’s stock valued at $362,000 after buying an additional 167 shares in the last quarter. Kesler Norman & Wride LLC increased its holdings in shares of Manhattan Associates by 35.5% during the fourth quarter. Kesler Norman & Wride LLC now owns 2,792 shares of the software maker’s stock valued at $755,000 after acquiring an additional 732 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Manhattan Associates by 101.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,673,776 shares of the software maker’s stock worth $452,321,000 after purchasing an additional 841,276 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Manhattan Associates by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 1,554,038 shares of the software maker’s stock worth $420,459,000 after purchasing an additional 39,097 shares in the last quarter. Finally, National Bank of Canada FI grew its position in Manhattan Associates by 3,018.3% in the 4th quarter. National Bank of Canada FI now owns 30,279 shares of the software maker’s stock valued at $8,183,000 after purchasing an additional 29,308 shares during the period. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Associates Stock Performance

Shares of NASDAQ:MANH opened at $152.05 on Monday. The company has a market capitalization of $9.29 billion, a P/E ratio of 43.32 and a beta of 1.36. The company’s 50-day moving average is $184.74 and its 200 day moving average is $248.04. Manhattan Associates, Inc. has a fifty-two week low of $149.26 and a fifty-two week high of $312.60.

Insider Buying and Selling at Manhattan Associates

In related news, CFO Dennis B. Story sold 2,788 shares of Manhattan Associates stock in a transaction that occurred 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 sale, the chief financial officer now owns 101,263 shares of the company’s stock, valued at approximately $17,298,758.29. The trade was a 2.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Truist Financial reduced their price objective 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. Loop Capital decreased their price objective on Manhattan Associates from $310.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. StockNews.com lowered Manhattan Associates from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Raymond James decreased their price target on Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating for the company in a report on Wednesday, January 29th. Finally, DA Davidson upgraded Manhattan Associates to a “strong-buy” rating in a research note on Monday, March 24th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Manhattan Associates currently 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.