Calamos Advisors LLC Has $1.45 Million Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Calamos Advisors LLC increased its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 23.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,367 shares of the software maker’s stock after purchasing an additional 1,027 shares during the period. Calamos Advisors LLC’s holdings in Manhattan Associates were worth $1,450,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of Manhattan Associates in the 4th quarter worth approximately $3,890,000. Oak Thistle LLC bought a new stake in Manhattan Associates in the fourth quarter valued at $1,326,000. GAMMA Investing LLC raised its stake in Manhattan Associates by 47.5% during the third quarter. GAMMA Investing LLC now owns 1,186 shares of the software maker’s stock worth $334,000 after acquiring an additional 382 shares in the last quarter. Smith Group Asset Management LLC lifted its holdings in shares of Manhattan Associates by 1.8% during the fourth quarter. Smith Group Asset Management LLC now owns 93,232 shares of the software maker’s stock valued at $25,195,000 after acquiring an additional 1,641 shares during the period. Finally, Mediolanum International Funds Ltd boosted its stake in shares of Manhattan Associates by 602.0% in the 3rd quarter. Mediolanum International Funds Ltd now owns 20,042 shares of the software maker’s stock valued at $5,607,000 after purchasing an additional 17,187 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

Shares of MANH stock opened at $196.51 on Wednesday. The firm’s 50 day moving average price is $275.95 and its two-hundred day moving average price is $271.59. The stock has a market cap of $12.00 billion, a PE ratio of 55.99 and a beta of 1.50. Manhattan Associates, Inc. has a 52-week low of $196.04 and a 52-week high of $312.60.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Citigroup cut their price target on shares of Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Loop Capital decreased their price objective on shares of Manhattan Associates from $310.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Piper Sandler reaffirmed an “overweight” rating and issued a $268.00 target price (down from $326.00) on shares of Manhattan Associates in a research note on Wednesday, January 29th. DA Davidson reduced their target price on shares of Manhattan Associates from $315.00 to $270.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, Truist Financial lowered their price target on shares of Manhattan Associates from $310.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $273.33.

Insider Transactions at Manhattan Associates

In other Manhattan Associates news, SVP Bruce Richards sold 4,150 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $289.73, for a total value of $1,202,379.50. Following the transaction, the senior vice president now owns 22,086 shares of the company’s stock, valued at approximately $6,398,976.78. This represents a 15.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP James Stewart Gantt sold 3,475 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $288.10, for a total value of $1,001,147.50. Following the transaction, the executive vice president now owns 42,812 shares of the company’s stock, valued at $12,334,137.20. The trade was a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate 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.