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DAVENPORT & Co LLC Takes $214,000 Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Manhattan Associates logo with Computer and Technology background

DAVENPORT & Co LLC purchased a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,234 shares of the software maker's stock, valued at approximately $214,000.

A number of other institutional investors also recently modified their holdings of MANH. Twin Tree Management LP purchased a new position in shares of Manhattan Associates in the fourth quarter valued at $25,000. Central Pacific Bank Trust Division increased its holdings in Manhattan Associates by 107.3% during the 1st quarter. Central Pacific Bank Trust Division now owns 199 shares of the software maker's stock worth $34,000 after acquiring an additional 103 shares during the period. Park Square Financial Group LLC bought a new stake in Manhattan Associates during the 4th quarter worth approximately $38,000. Transce3nd LLC bought a new stake in Manhattan Associates during the 4th quarter worth approximately $41,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Manhattan Associates by 144.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 308 shares of the software maker's stock worth $83,000 after acquiring an additional 182 shares during the period. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Robert W. Baird set a $212.00 target price on shares of Manhattan Associates and gave the stock an "outperform" rating in a report on Wednesday, May 21st. Loop Capital reaffirmed a "hold" rating and set a $170.00 target price (down previously from $275.00) on shares of Manhattan Associates in a report on Thursday, April 10th. Piper Sandler decreased their target price on shares of Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. Citigroup decreased their target price on shares of Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Finally, DA Davidson increased their price target on shares of Manhattan Associates from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Manhattan Associates presently has a consensus rating of "Moderate Buy" and a consensus price target of $208.88.

Check Out Our Latest Stock Report on MANH

Manhattan Associates Trading Down 0.8%

Shares of NASDAQ:MANH traded down $1.65 during trading on Thursday, reaching $201.19. The company had a trading volume of 90,725 shares, compared to its average volume of 637,092. The company has a fifty day moving average of $191.34 and a two-hundred day moving average of $199.63. The stock has a market capitalization of $12.22 billion, a P/E ratio of 57.51 and a beta of 1.08. Manhattan Associates, Inc. has a 12 month low of $140.81 and a 12 month high of $312.60.

Manhattan Associates Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Manhattan Associates (NASDAQ:MANH)

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