MML Investors Services LLC increased its holdings in Manhattan Associates, Inc. (NASDAQ:MANH – Get Rating) by 21.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,820 shares of the software maker’s stock after buying an additional 1,393 shares during the period. MML Investors Services LLC’s holdings in Manhattan Associates were worth $1,040,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. Private Advisor Group LLC increased its position in shares of Manhattan Associates by 19.6% during the first quarter. Private Advisor Group LLC now owns 1,911 shares of the software maker’s stock worth $265,000 after purchasing an additional 313 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Manhattan Associates by 7.4% during the first quarter. PNC Financial Services Group Inc. now owns 2,518 shares of the software maker’s stock worth $349,000 after purchasing an additional 174 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of Manhattan Associates by 8.2% during the first quarter. Great West Life Assurance Co. Can now owns 34,926 shares of the software maker’s stock worth $4,978,000 after purchasing an additional 2,644 shares in the last quarter. Raymond James Trust N.A. increased its position in shares of Manhattan Associates by 6.2% during the first quarter. Raymond James Trust N.A. now owns 2,841 shares of the software maker’s stock worth $394,000 after purchasing an additional 166 shares in the last quarter. Finally, Aviva PLC increased its position in shares of Manhattan Associates by 6.1% during the first quarter. Aviva PLC now owns 16,701 shares of the software maker’s stock worth $2,317,000 after purchasing an additional 965 shares in the last quarter. Institutional investors own 96.92% of the company’s stock.
Insider Buying and Selling at Manhattan Associates
In other Manhattan Associates news, CEO Eddie Capel sold 42,678 shares of the company’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $144.04, for a total value of $6,147,339.12. Following the sale, the chief executive officer now directly owns 207,422 shares of the company’s stock, valued at $29,877,064.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.78% of the stock is owned by corporate insiders.
Manhattan Associates Stock Performance
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the company. Rosenblatt Securities upped their price target on Manhattan Associates from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, February 3rd. Robert W. Baird boosted their price objective on shares of Manhattan Associates from $161.00 to $168.00 in a report on Friday, February 3rd. Finally, DA Davidson started coverage on shares of Manhattan Associates in a report on Tuesday, February 21st. They set a “neutral” rating and a $145.00 price objective on the stock.
About Manhattan Associates
Manhattan Associates, Inc engages in developing, selling, deploying, servicing, and maintaining software solutions. Its solutions focus on supply chains, inventory, and omnichannel for retailers, wholesalers, manufacturers, logistics providers and other organizations. It operates through the following geographical segments: The Americas, Europe, Middle East and Africa, and Asia Pacific.
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