Kesler Norman & Wride LLC Purchases 732 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Kesler Norman & Wride LLC boosted its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 35.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,792 shares of the software maker’s stock after buying an additional 732 shares during the quarter. Kesler Norman & Wride LLC’s holdings in Manhattan Associates were worth $755,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ascent Group LLC boosted its stake in shares of Manhattan Associates by 4.8% in the 3rd quarter. Ascent Group LLC now owns 896 shares of the software maker’s stock valued at $252,000 after purchasing an additional 41 shares during the last quarter. Metis Global Partners LLC boosted its stake in Manhattan Associates by 7.0% in the fourth quarter. Metis Global Partners LLC now owns 837 shares of the software maker’s stock valued at $226,000 after acquiring an additional 55 shares during the last quarter. Kestra Investment Management LLC grew its holdings in Manhattan Associates by 2.9% during the 4th quarter. Kestra Investment Management LLC now owns 2,055 shares of the software maker’s stock worth $555,000 after acquiring an additional 57 shares during the period. McGlone Suttner Wealth Management Inc. raised its position in shares of Manhattan Associates by 8.3% during the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 813 shares of the software maker’s stock valued at $220,000 after acquiring an additional 62 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Manhattan Associates by 2.6% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,510 shares of the software maker’s stock valued at $678,000 after acquiring an additional 63 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Associates Trading Up 2.4 %

Shares of NASDAQ MANH opened at $178.89 on Thursday. The company has a fifty day moving average price of $189.95 and a 200 day moving average price of $249.79. The firm has a market cap of $10.93 billion, a PE ratio of 50.97 and a beta of 1.47. Manhattan Associates, Inc. has a 1-year low of $163.10 and a 1-year high of $312.60.

Analyst Ratings Changes

A number of equities research analysts recently commented on MANH shares. Piper Sandler decreased their price objective on Manhattan Associates from $268.00 to $200.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. Raymond James decreased their target price on Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. StockNews.com lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Citigroup decreased their price objective on shares of Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Finally, DA Davidson raised shares of Manhattan Associates to a “strong-buy” rating in a research report on Monday, March 24th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $243.78.

Insider Transactions at Manhattan Associates

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was 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 in the company, valued at approximately $17,298,758.29. The trade was a 2.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.72% of the stock is owned by insiders.

Manhattan Associates 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.