Arrowstreet Capital Limited Partnership Increases Stake in Manhattan Associates, Inc. $MANH

Arrowstreet Capital Limited Partnership increased its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 50.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 546,394 shares of the software maker’s stock after acquiring an additional 182,225 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Manhattan Associates were worth $72,736,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MANH. Geode Capital Management LLC grew its position in Manhattan Associates by 5.3% during the fourth quarter. Geode Capital Management LLC now owns 1,753,909 shares of the software maker’s stock valued at $305,199,000 after acquiring an additional 88,005 shares during the period. MUFG Securities EMEA plc purchased a new position in shares of Manhattan Associates in the 4th quarter worth about $6,066,000. John G Ullman & Associates Inc. acquired a new position in shares of Manhattan Associates in the 4th quarter valued at about $2,106,000. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in shares of Manhattan Associates by 30.6% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 187,555 shares of the software maker’s stock valued at $32,505,000 after purchasing an additional 43,955 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Manhattan Associates by 771.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 63,117 shares of the software maker’s stock worth $10,939,000 after purchasing an additional 55,877 shares during the period. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on MANH shares. Robert W. Baird increased their target price on shares of Manhattan Associates from $183.00 to $186.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Citigroup lifted their price target on shares of Manhattan Associates from $177.00 to $193.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Weiss Ratings upgraded shares of Manhattan Associates from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 14th. Barclays dropped their price objective on shares of Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Finally, DA Davidson restated a “buy” rating and set a $200.00 target price on shares of Manhattan Associates in a report on Wednesday, May 20th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Manhattan Associates presently has an average rating of “Moderate Buy” and a consensus target price of $201.00.

Manhattan Associates Price Performance

Shares of Manhattan Associates stock opened at $151.67 on Monday. Manhattan Associates, Inc. has a 1-year low of $119.06 and a 1-year high of $229.57. The company has a market capitalization of $8.97 billion, a PE ratio of 42.48 and a beta of 0.97. The business has a 50-day moving average of $145.84 and a 200-day moving average of $144.94.

Insider Buying and Selling

In related news, CEO Eric Andrew Clark sold 1,000 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $146.77, for a total value of $146,770.00. Following the completion of the transaction, the chief executive officer owned 92,638 shares of the company’s stock, valued at approximately $13,596,479.26. This represents a 1.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.84% of the company’s stock.

Manhattan Associates Profile

Manhattan Associates, Inc (NASDAQ: MANH) is a provider of supply chain and omnichannel commerce software solutions designed to optimize the flow of goods, information and funds across enterprise operations. Its flagship offerings include warehouse management, transportation management, order management and omnichannel fulfillment applications. These solutions are delivered through a cloud-native platform called Manhattan Active, which enables retailers, manufacturers, carriers and third-party logistics providers to orchestrate inventory, manage distribution and improve customer service in real time.

Key product areas include Manhattan Active Warehouse Management, which automates and optimizes warehouse operations from receiving through shipping; Manhattan Active Transportation Management, supporting carrier selection, routing and freight payment; and Manhattan Active Omni, which unifies order capture, inventory visibility and fulfillment across stores, distribution centers and e-commerce channels.