Federated Hermes Inc. Has $4.81 Million Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Federated Hermes Inc. boosted its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 84.0% in the fourth quarter, HoldingsChannel reports. The firm owned 17,780 shares of the software maker’s stock after acquiring an additional 8,116 shares during the period. Federated Hermes Inc.’s holdings in Manhattan Associates were worth $4,805,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of MANH. Twin Tree Management LP bought a new stake in shares of Manhattan Associates during the fourth quarter worth $25,000. Whipplewood Advisors LLC acquired a new position in Manhattan Associates during the 4th quarter worth about $34,000. Synergy Asset Management LLC bought a new stake in Manhattan Associates during the 4th quarter worth about $35,000. Bank of Jackson Hole Trust acquired a new stake in Manhattan Associates in the 4th quarter valued at about $72,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Manhattan Associates by 144.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 308 shares of the software maker’s stock worth $83,000 after acquiring an additional 182 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Trading Up 0.7 %

NASDAQ:MANH opened at $158.67 on Friday. Manhattan Associates, Inc. has a 1-year low of $140.81 and a 1-year high of $312.60. The firm has a market capitalization of $9.63 billion, a price-to-earnings ratio of 45.21 and a beta of 1.36. The business’s 50-day moving average price is $173.89 and its two-hundred day moving average price is $242.38.

Analyst Upgrades and Downgrades

MANH has been the topic of several research analyst reports. DA Davidson raised shares of Manhattan Associates to a “strong-buy” rating in a research note on Monday, March 24th. Truist Financial decreased their price objective on Manhattan Associates from $310.00 to $285.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Loop Capital restated a “hold” rating and set a $170.00 target price (down previously from $275.00) on shares of Manhattan Associates in a research report on Thursday. StockNews.com cut Manhattan Associates from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, Robert W. Baird lowered their price objective on Manhattan Associates from $282.00 to $225.00 and set an “outperform” rating for the company in a research report on Tuesday, March 18th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $232.11.

Insider Activity at Manhattan Associates

In other news, CFO Dennis B. Story sold 2,788 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer now owns 101,263 shares of the company’s stock, valued at $17,298,758.29. The trade was a 2.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

About Manhattan Associates

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.