Lazard Asset Management LLC Has $93.15 Million Holdings in Manhattan Associates, Inc. $MANH

Lazard Asset Management LLC lessened its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 1.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 699,768 shares of the software maker’s stock after selling 11,660 shares during the quarter. Lazard Asset Management LLC’s holdings in Manhattan Associates were worth $93,153,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Eagle Bay Advisors LLC acquired a new position in Manhattan Associates during the fourth quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Manhattan Associates by 448.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock worth $28,000 after buying an additional 112 shares during the last quarter. BNP Paribas acquired a new stake in shares of Manhattan Associates in the fourth quarter worth $39,000. TD Private Client Wealth LLC boosted its holdings in shares of Manhattan Associates by 83.8% during the 4th quarter. TD Private Client Wealth LLC now owns 239 shares of the software maker’s stock worth $41,000 after buying an additional 109 shares during the period. Finally, V Square Quantitative Management LLC bought a new stake in shares of Manhattan Associates during the 4th quarter worth $44,000. 98.45% of the stock is owned by institutional investors.

Insider Buying and Selling at Manhattan Associates

In other news, CEO Eric Andrew Clark sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $146.77, for a total transaction of $146,770.00. Following the sale, the chief executive officer directly owned 92,638 shares in the company, valued at approximately $13,596,479.26. The trade was a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.84% of the company’s stock.

Manhattan Associates Stock Up 5.0%

Manhattan Associates stock opened at $159.29 on Tuesday. The business has a 50 day moving average price of $146.29 and a two-hundred day moving average price of $144.87. The stock has a market cap of $9.43 billion, a price-to-earnings ratio of 44.62 and a beta of 0.97. Manhattan Associates, Inc. has a 12 month low of $119.06 and a 12 month high of $229.57.

Wall Street Analyst Weigh In

MANH has been the topic of several recent analyst reports. Stifel Nicolaus set a $200.00 target price on shares of Manhattan Associates in a report on Wednesday, May 20th. Citigroup upped their price target on shares of Manhattan Associates from $177.00 to $193.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Rothschild & Co Redburn set a $145.00 price target on Manhattan Associates in a research report on Thursday, April 16th. Robert W. Baird lifted their price objective on Manhattan Associates from $183.00 to $186.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Finally, Wall Street Zen cut Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $201.00.

About Manhattan Associates

Manhattan Associates, Inc (NASDAQ: MANH) is a provider of supply chain and omnichannel commerce software solutions designed to optimize the flow of goods, information and funds across enterprise operations. Its flagship offerings include warehouse management, transportation management, order management and omnichannel fulfillment applications. These solutions are delivered through a cloud-native platform called Manhattan Active, which enables retailers, manufacturers, carriers and third-party logistics providers to orchestrate inventory, manage distribution and improve customer service in real time.

Key product areas include Manhattan Active Warehouse Management, which automates and optimizes warehouse operations from receiving through shipping; Manhattan Active Transportation Management, supporting carrier selection, routing and freight payment; and Manhattan Active Omni, which unifies order capture, inventory visibility and fulfillment across stores, distribution centers and e-commerce channels.