Nisa Investment Advisors LLC Purchases 498 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Posted by Defense World Staff on Jul 29th, 2023

Nisa Investment Advisors LLC raised its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH – Free Report) by 7.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,788 shares of the software maker’s stock after buying an additional 498 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Manhattan Associates were worth $1,051,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of MANH. Private Advisor Group LLC grew its position in shares of Manhattan Associates by 19.6% during the 1st quarter. Private Advisor Group LLC now owns 1,911 shares of the software maker’s stock worth $265,000 after buying an additional 313 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Manhattan Associates by 7.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,518 shares of the software maker’s stock valued at $349,000 after purchasing an additional 174 shares during the period. Great West Life Assurance Co. Can grew its position in shares of Manhattan Associates by 8.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 34,926 shares of the software maker’s stock valued at $4,978,000 after purchasing an additional 2,644 shares during the period. Raymond James Trust N.A. grew its position in shares of Manhattan Associates by 6.2% in the 1st quarter. Raymond James Trust N.A. now owns 2,841 shares of the software maker’s stock valued at $394,000 after purchasing an additional 166 shares during the period. Finally, Aviva PLC grew its position in shares of Manhattan Associates by 6.1% in the 1st quarter. Aviva PLC now owns 16,701 shares of the software maker’s stock valued at $2,317,000 after purchasing an additional 965 shares during the period. 97.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MANH. Loop Capital boosted their price objective on Manhattan Associates from $190.00 to $205.00 in a research report on Wednesday, May 24th. StockNews.com began coverage on Manhattan Associates in a research report on Thursday, May 18th. They issued a “buy” rating for the company. DA Davidson upped their price target on Manhattan Associates from $160.00 to $175.00 in a research report on Wednesday. Robert W. Baird upped their price target on Manhattan Associates from $184.00 to $219.00 in a research report on Tuesday, July 18th. Finally, Truist Financial upped their price target on Manhattan Associates from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $206.50.

Insider Activity at Manhattan Associates

In related news, EVP James Stewart Gantt sold 6,000 shares of the stock in a transaction on Monday, May 1st. The stock was sold at an average price of $169.00, for a total value of $1,014,000.00. Following the sale, the executive vice president now owns 54,651 shares in the company, valued at approximately $9,236,019. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Manhattan Associates news, EVP James Stewart Gantt sold 6,000 shares of the stock in a transaction on Monday, May 1st. The stock was sold at an average price of $169.00, for a total transaction of $1,014,000.00. Following the transaction, the executive vice president now owns 54,651 shares in the company, valued at approximately $9,236,019. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Edmond Eger sold 1,885 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $189.45, for a total value of $357,113.25. Following the transaction, the director now owns 12,385 shares in the company, valued at approximately $2,346,338.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,406 shares of company stock worth $3,377,274. Company insiders own 0.85% of the company’s stock.

Manhattan Associates Trading Down 0.9 %

MANH opened at $186.42 on Friday. Manhattan Associates, Inc. has a 1-year low of $107.18 and a 1-year high of $208.31. The stock’s fifty day simple moving average is $190.13 and its 200 day simple moving average is $162.23. The stock has a market cap of $11.56 billion, a PE ratio of 80.35 and a beta of 1.58.

Manhattan Associates (NASDAQ:MANH – Get Free Report) last posted its quarterly earnings results on Tuesday, April 25th. The software maker reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. Manhattan Associates had a return on equity of 75.18% and a net margin of 17.21%. The business had revenue of $221.01 million for the quarter, compared to analysts’ expectations of $200.28 million. Equities analysts forecast that Manhattan Associates, Inc. will post 2.05 earnings per share for the current year.

About Manhattan Associates

(Free Report)

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Manhattan SCALE, a portfolio of logistics execution solutions that provide trading partner management, yard management, optimization, warehouse management, and transportation execution services; and Manhattan Active, a set of enterprise and omnichannel solution, which include enterprise solutions and omnichannel solutions for store.

Nisa Investment Advisors LLC Purchases 498 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Wall Street Analyst Weigh In

Insider Activity at Manhattan Associates

Manhattan Associates Trading Down 0.9 %

About Manhattan Associates

Further Reading

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