Kestra Advisory Services LLC acquired a new stake in Manhattan Associates, Inc. (NASDAQ:MANH – Get Rating) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,712 shares of the software maker's stock, valued at approximately $228,000.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Private Advisor Group LLC raised its holdings in Manhattan Associates by 19.6% in the 1st 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 during the period. PNC Financial Services Group Inc. raised its holdings in 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 worth $349,000 after purchasing an additional 174 shares during the period. Great West Life Assurance Co. Can raised its holdings in 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 worth $4,978,000 after purchasing an additional 2,644 shares during the period. Raymond James Trust N.A. raised its holdings in 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 worth $394,000 after purchasing an additional 166 shares during the period. Finally, Aviva PLC raised its holdings in Manhattan Associates by 6.1% in the 1st quarter. Aviva PLC now owns 16,701 shares of the software maker's stock worth $2,317,000 after purchasing an additional 965 shares during the period. Institutional investors and hedge funds own 96.92% of the company's stock.
Get Manhattan Associates alerts:Manhattan Associates Price Performance
Shares of Manhattan Associates stock opened at $138.73 on Friday. The business has a 50 day simple moving average of $122.41 and a two-hundred day simple moving average of $129.02. Manhattan Associates, Inc. has a 12 month low of $106.02 and a 12 month high of $155.81. The stock has a market capitalization of $8.66 billion, a P/E ratio of 78.82 and a beta of 1.64.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on MANH shares. Robert W. Baird reduced their price target on Manhattan Associates to $161.00 in a report on Wednesday, December 14th. StockNews.com raised Manhattan Associates from a "hold" rating to a "buy" rating in a report on Thursday, October 27th.About Manhattan Associates
(Get Rating)
Manhattan Associates, Inc engages in designing, building and delivering supply chain commerce solutions by converging front-end sales with back-end supply chain. It operates through the following geographical segments: The Americas, Europe, Middle East and Africa and Asia Pacific. The company was founded by Deepak Raghavan in October 1990 and is headquartered in Atlanta, GA.
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