Nisa Investment Advisors LLC Decreases Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Posted by Defense World Staff on Apr 28th, 2023

Nisa Investment Advisors LLC decreased its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH – Get Rating) by 12.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,290 shares of the software maker’s stock after selling 900 shares during the period. Nisa Investment Advisors LLC’s holdings in Manhattan Associates were worth $764,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Profund Advisors LLC increased its stake in shares of Manhattan Associates by 3.7% in the fourth quarter. Profund Advisors LLC now owns 2,532 shares of the software maker’s stock worth $307,000 after acquiring an additional 90 shares during the period. Prudential PLC boosted its holdings in Manhattan Associates by 0.9% during the first quarter. Prudential PLC now owns 10,454 shares of the software maker’s stock worth $1,450,000 after buying an additional 90 shares in the last quarter. State of Michigan Retirement System boosted its holdings in Manhattan Associates by 0.6% during the fourth quarter. State of Michigan Retirement System now owns 15,931 shares of the software maker’s stock worth $1,934,000 after buying an additional 100 shares in the last quarter. Harbor Investment Advisory LLC boosted its holdings in Manhattan Associates by 36.0% during the third quarter. Harbor Investment Advisory LLC now owns 397 shares of the software maker’s stock worth $53,000 after buying an additional 105 shares in the last quarter. Finally, Quantbot Technologies LP boosted its holdings in Manhattan Associates by 8.1% during the second quarter. Quantbot Technologies LP now owns 1,479 shares of the software maker’s stock worth $169,000 after buying an additional 111 shares in the last quarter. Institutional investors and hedge funds own 96.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MANH shares. Rosenblatt Securities increased their price target on shares of Manhattan Associates from $150.00 to $160.00 in a report on Wednesday. Robert W. Baird increased their price objective on shares of Manhattan Associates from $168.00 to $184.00 in a report on Wednesday. DA Davidson increased their price objective on shares of Manhattan Associates from $145.00 to $160.00 in a report on Wednesday. Finally, StockNews.com began coverage on shares of Manhattan Associates in a report on Thursday, March 16th. They set a “buy” rating on the stock.

Insider Buying and Selling

In related news, CEO Eddie Capel sold 42,678 shares of the firm’s stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $144.04, for a total transaction of $6,147,339.12. Following the completion of the sale, the chief executive officer now directly owns 207,422 shares in the company, valued at $29,877,064.88. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director John J. Huntz, Jr. sold 1,000 shares of Manhattan Associates stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $143.65, for a total value of $143,650.00. Following the completion of the transaction, the director now owns 65,887 shares in the company, valued at $9,464,667.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eddie Capel sold 42,678 shares of Manhattan Associates stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $144.04, for a total transaction of $6,147,339.12. Following the completion of the transaction, the chief executive officer now owns 207,422 shares of the company’s stock, valued at approximately $29,877,064.88. The disclosure for this sale can be found here. 0.85% of the stock is owned by company insiders.

Manhattan Associates Trading Up 1.8 %

NASDAQ:MANH opened at $168.64 on Friday. The company’s 50-day moving average price is $149.41 and its 200-day moving average price is $133.34. The company has a market cap of $10.46 billion, a P/E ratio of 82.67 and a beta of 1.58. Manhattan Associates, Inc. has a twelve month low of $106.02 and a twelve month high of $175.00.

Manhattan Associates (NASDAQ:MANH – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The software maker reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.30. The firm had revenue of $198.10 million for the quarter, compared to the consensus estimate of $182.64 million. Manhattan Associates had a net margin of 16.95% and a return on equity of 64.94%. On average, analysts expect that Manhattan Associates, Inc. will post 1.87 earnings per share for the current year.

Manhattan Associates Company Profile

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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.