Pacer Advisors Inc. Has $8.16 Million Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Pacer Advisors Inc. increased its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 107.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,187 shares of the software maker’s stock after buying an additional 15,607 shares during the period. Pacer Advisors Inc.’s holdings in Manhattan Associates were worth $8,158,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its stake in shares of Manhattan Associates by 7.5% during the 2nd quarter. Bank of Montreal Can now owns 19,594 shares of the software maker’s stock worth $4,845,000 after purchasing an additional 1,359 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Manhattan Associates during the second quarter worth approximately $1,484,000. Algert Global LLC lifted its position in shares of Manhattan Associates by 26.8% in the second quarter. Algert Global LLC now owns 2,435 shares of the software maker’s stock valued at $601,000 after buying an additional 514 shares during the last quarter. Creative Planning boosted its stake in shares of Manhattan Associates by 8.7% during the 2nd quarter. Creative Planning now owns 7,279 shares of the software maker’s stock worth $1,796,000 after acquiring an additional 583 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Manhattan Associates by 12.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,559 shares of the software maker’s stock worth $631,000 after acquiring an additional 274 shares during the last quarter. 98.45% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Manhattan Associates news, EVP James Stewart Gantt sold 3,475 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $288.10, for a total transaction of $1,001,147.50. Following the completion of the transaction, the executive vice president now directly owns 42,812 shares in the company, valued at $12,334,137.20. The trade was a 7.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Bruce Richards sold 4,150 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $289.73, for a total value of $1,202,379.50. Following the completion of the sale, the senior vice president now directly owns 22,086 shares in the company, valued at approximately $6,398,976.78. This represents a 15.82 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by company insiders.

Manhattan Associates Stock Performance

NASDAQ:MANH opened at $222.84 on Thursday. The company has a market cap of $13.61 billion, a price-to-earnings ratio of 63.31 and a beta of 1.52. Manhattan Associates, Inc. has a fifty-two week low of $205.12 and a fifty-two week high of $312.60. The stock has a fifty day moving average price of $282.19 and a 200-day moving average price of $271.95.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. StockNews.com downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a report on Monday, January 13th. DA Davidson reduced their target price on shares of Manhattan Associates from $315.00 to $270.00 and set a “buy” rating for the company in a report on Wednesday. Loop Capital lowered their price target on shares of Manhattan Associates from $310.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday. Robert W. Baird boosted their price objective on Manhattan Associates from $263.00 to $304.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Finally, Truist Financial lowered their target price on Manhattan Associates from $310.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Manhattan Associates has a consensus rating of “Moderate Buy” and a consensus price target of $273.33.

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.