State of New Jersey Common Pension Fund D Has $6.68 Million Stock Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

State of New Jersey Common Pension Fund D lowered its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANHFree Report) by 2.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 33,789 shares of the software maker’s stock after selling 932 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.05% of Manhattan Associates worth $6,679,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Capital Insight Partners LLC increased its stake in Manhattan Associates by 0.4% in the third quarter. Capital Insight Partners LLC now owns 15,161 shares of the software maker’s stock valued at $2,997,000 after acquiring an additional 57 shares during the period. Signaturefd LLC lifted its position in shares of Manhattan Associates by 4.7% during the 3rd quarter. Signaturefd LLC now owns 1,274 shares of the software maker’s stock worth $252,000 after buying an additional 57 shares during the period. DAVENPORT & Co LLC boosted its stake in Manhattan Associates by 1.2% in the 3rd quarter. DAVENPORT & Co LLC now owns 5,220 shares of the software maker’s stock valued at $1,032,000 after buying an additional 60 shares in the last quarter. Sunbelt Securities Inc. raised its stake in Manhattan Associates by 14.9% during the second quarter. Sunbelt Securities Inc. now owns 494 shares of the software maker’s stock worth $99,000 after acquiring an additional 64 shares in the last quarter. Finally, Janiczek Wealth Management LLC raised its stake in Manhattan Associates by 5.0% during the third quarter. Janiczek Wealth Management LLC now owns 1,419 shares of the software maker’s stock worth $280,000 after acquiring an additional 68 shares in the last quarter. Institutional investors and hedge funds own 97.85% of the company’s stock.

Manhattan Associates Stock Down 1.9 %

Shares of Manhattan Associates stock opened at $245.73 on Tuesday. The business has a fifty day simple moving average of $222.17 and a 200 day simple moving average of $208.79. The stock has a market cap of $15.13 billion, a PE ratio of 87.14 and a beta of 1.46. Manhattan Associates, Inc. has a 12 month low of $133.81 and a 12 month high of $258.91.

Insiders Place Their Bets

In related news, Director Thomas E. Noonan sold 2,515 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $222.13, for a total transaction of $558,656.95. Following the completion of the transaction, the director now owns 106,857 shares in the company, valued at $23,736,145.41. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Thomas E. Noonan sold 2,515 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $222.13, for a total transaction of $558,656.95. Following the sale, the director now owns 106,857 shares of the company’s stock, valued at approximately $23,736,145.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eddie Capel sold 10,897 shares of Manhattan Associates stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $247.73, for a total value of $2,699,513.81. Following the transaction, the chief executive officer now owns 242,153 shares in the company, valued at $59,988,562.69. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,092 shares of company stock worth $3,427,382. Insiders own 0.85% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Rosenblatt Securities upped their target price on shares of Manhattan Associates from $215.00 to $225.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. StockNews.com raised shares of Manhattan Associates from a “hold” rating to a “buy” rating in a report on Friday, December 15th. Truist Financial boosted their target price on Manhattan Associates from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Finally, Raymond James raised their price target on Manhattan Associates from $214.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $226.50.

View Our Latest Stock Report on MANH

Manhattan Associates Company Profile

(Free Report)

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Manhattan SCALE, a portfolio of logistics execution solutions that provide trading partner management, yard management, optimization, warehouse management, and transportation execution services; and Manhattan Active, a set of enterprise and omnichannel solution, which include enterprise solutions and omnichannel solutions for store.

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Institutional Ownership by Quarter for Manhattan Associates (NASDAQ:MANH)

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