Schroder Investment Management Group Has $24.01 Million Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Schroder Investment Management Group boosted its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 20.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,541 shares of the software maker’s stock after acquiring an additional 14,738 shares during the period. Schroder Investment Management Group owned 0.14% of Manhattan Associates worth $24,007,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MANH. Norges Bank acquired a new position in shares of Manhattan Associates during the 4th quarter worth about $201,377,000. JPMorgan Chase & Co. lifted its holdings in shares of Manhattan Associates by 213.7% during the third quarter. JPMorgan Chase & Co. now owns 1,009,913 shares of the software maker’s stock worth $284,169,000 after buying an additional 687,933 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Manhattan Associates by 275.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 486,750 shares of the software maker’s stock valued at $131,539,000 after acquiring an additional 357,172 shares during the period. Swedbank AB grew its stake in shares of Manhattan Associates by 1,840.3% in the fourth quarter. Swedbank AB now owns 369,019 shares of the software maker’s stock worth $99,724,000 after acquiring an additional 350,000 shares during the last quarter. Finally, AustralianSuper Pty Ltd increased its position in Manhattan Associates by 968.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 232,719 shares of the software maker’s stock worth $62,890,000 after acquiring an additional 210,929 shares during the period. 98.45% of the stock is currently owned by institutional investors.

Manhattan Associates Price Performance

MANH stock opened at $178.89 on Thursday. The stock has a market capitalization of $10.93 billion, a price-to-earnings ratio of 50.97 and a beta of 1.47. The business has a fifty day moving average price of $189.95 and a 200 day moving average price of $249.79. Manhattan Associates, Inc. has a fifty-two week low of $163.10 and a fifty-two week high of $312.60.

Insider Activity at Manhattan Associates

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $170.83, for a total value of $476,274.04. Following the transaction, the chief financial officer now directly owns 101,263 shares in the company, valued at approximately $17,298,758.29. This trade represents a 2.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.72% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MANH has been the subject of a number of research reports. StockNews.com downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Citigroup lowered their price target on Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. Robert W. Baird cut their price target on Manhattan Associates from $282.00 to $225.00 and set an “outperform” rating for the company in a report on Tuesday, March 18th. 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 report on Wednesday, January 29th. Finally, DA Davidson upgraded Manhattan Associates to a “strong-buy” rating in a research note on Monday, March 24th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $243.78.

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.