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

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.

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

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.