Arden Trust Co bought a new position in Manhattan Associates, Inc. (NASDAQ:MANH – Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 893 shares of the software maker’s stock, valued at approximately $223,000.
A number of other institutional investors have also modified their holdings of MANH. Blue Trust Inc. increased its holdings in Manhattan Associates by 259.4% during the 4th quarter. Blue Trust Inc. now owns 115 shares of the software maker’s stock worth $25,000 after purchasing an additional 83 shares during the period. Bear Mountain Capital Inc. bought a new stake in shares of Manhattan Associates in the fourth quarter valued at about $26,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Manhattan Associates in the fourth quarter worth about $26,000. Quarry LP purchased a new position in Manhattan Associates during the 4th quarter valued at about $38,000. Finally, Lindbrook Capital LLC raised its holdings in shares of Manhattan Associates by 28.8% in the 4th quarter. Lindbrook Capital LLC now owns 206 shares of the software maker’s stock valued at $44,000 after purchasing an additional 46 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.
Manhattan Associates Trading Up 2.0 %
Shares of NASDAQ MANH traded up $4.62 during midday trading on Tuesday, reaching $237.37. The company had a trading volume of 380,159 shares, compared to its average volume of 392,097. Manhattan Associates, Inc. has a 1 year low of $182.97 and a 1 year high of $266.94. The business’s 50-day simple moving average is $222.35 and its 200 day simple moving average is $230.12. The stock has a market cap of $14.61 billion, a P/E ratio of 77.57 and a beta of 1.48.
Analyst Ratings Changes
MANH has been the topic of several research reports. StockNews.com lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Monday, May 27th. Redburn Atlantic assumed coverage on Manhattan Associates in a research report on Tuesday, May 14th. They issued a “buy” rating and a $260.00 price target for the company. William Blair reaffirmed a “market perform” rating on shares of Manhattan Associates in a research report on Wednesday, April 24th. DA Davidson lifted their target price on Manhattan Associates from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $225.00 price target on shares of Manhattan Associates in a research report on Wednesday, April 24th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $240.50.
Get Our Latest Stock Analysis on Manhattan Associates
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.
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