Union Bancaire Privee UBP SA bought a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,330 shares of the software maker's stock, valued at approximately $407,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of MANH. AustralianSuper Pty Ltd grew its position in shares of Manhattan Associates by 968.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 232,719 shares of the software maker's stock valued at $62,890,000 after acquiring an additional 210,929 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in Manhattan Associates during the fourth quarter valued at $1,200,000. Skandinaviska Enskilda Banken AB publ grew its holdings in Manhattan Associates by 3.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 438,760 shares of the software maker's stock valued at $118,974,000 after purchasing an additional 15,851 shares during the period. Fisher Asset Management LLC increased its position in Manhattan Associates by 126.2% in the fourth quarter. Fisher Asset Management LLC now owns 99,236 shares of the software maker's stock worth $26,818,000 after buying an additional 55,362 shares in the last quarter. Finally, Prudential PLC increased its position in Manhattan Associates by 40.0% in the fourth quarter. Prudential PLC now owns 23,936 shares of the software maker's stock worth $6,468,000 after buying an additional 6,835 shares in the last quarter. 98.45% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. Redburn Atlantic cut Manhattan Associates from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $270.00 to $200.00 in a research report on Tuesday. Piper Sandler lowered their price target 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. Robert W. Baird set a $212.00 price objective on shares of Manhattan Associates and gave the stock an "outperform" rating in a research note on Wednesday, May 21st. DA Davidson raised their price objective on shares of Manhattan Associates from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Finally, Loop Capital restated a "hold" rating and set a $170.00 target price (down previously from $275.00) on shares of Manhattan Associates in a research note on Thursday, April 10th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $208.88.
Check Out Our Latest Research Report on MANH
Manhattan Associates Trading Down 1.9%
Shares of NASDAQ:MANH traded down $3.57 during midday trading on Friday, reaching $189.31. 566,913 shares of the company were exchanged, compared to its average volume of 629,221. The stock has a market cap of $11.49 billion, a PE ratio of 53.93 and a beta of 1.08. The business's fifty day moving average is $180.56 and its two-hundred day moving average is $211.91. Manhattan Associates, Inc. has a one year low of $140.81 and a one year 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
Before you consider Manhattan Associates, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Manhattan Associates wasn't on the list.
While Manhattan Associates currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
