Allspring Global Investments Holdings LLC Decreases Stock Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Allspring Global Investments Holdings LLC decreased its position in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 97.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,196 shares of the software maker's stock after selling 151,572 shares during the period. Allspring Global Investments Holdings LLC's holdings in Manhattan Associates were worth $733,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BOKF NA increased its holdings in Manhattan Associates by 0.4% in the fourth quarter. BOKF NA now owns 13,271 shares of the software maker's stock valued at $3,522,000 after buying an additional 55 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Manhattan Associates by 2.6% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,510 shares of the software maker's stock worth $678,000 after acquiring an additional 63 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Manhattan Associates by 5.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,467 shares of the software maker's stock worth $396,000 after acquiring an additional 73 shares during the period. Seeds Investor LLC increased its stake in Manhattan Associates by 5.0% in the 4th quarter. Seeds Investor LLC now owns 1,556 shares of the software maker's stock valued at $420,000 after purchasing an additional 74 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in Manhattan Associates by 14.6% during the first quarter. Fifth Third Bancorp now owns 691 shares of the software maker's stock worth $120,000 after purchasing an additional 88 shares during the last quarter. Institutional investors own 98.45% of the company's stock.

Manhattan Associates Trading Down 1.8%

Shares of NASDAQ MANH traded down $3.62 during midday trading on Friday, reaching $196.16. 357,892 shares of the stock were exchanged, compared to its average volume of 639,435. The stock has a 50 day moving average price of $192.02 and a 200-day moving average price of $198.49. The company has a market capitalization of $11.91 billion, a P/E ratio of 56.05 and a beta of 1.08. Manhattan Associates, Inc. has a 52-week low of $140.81 and a 52-week high of $312.60.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. DA Davidson upped their target price on Manhattan Associates from $200.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Redburn Atlantic cut shares of 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 note on Tuesday, June 10th. Citigroup dropped their target price on shares of Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Loop Capital reaffirmed a "hold" rating and issued a $170.00 price target (down previously from $275.00) on shares of Manhattan Associates in a report on Thursday, April 10th. Finally, Robert W. Baird set a $212.00 price target on shares of Manhattan Associates and gave the company an "outperform" rating in a research 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 company's stock. Based on data from MarketBeat.com, Manhattan Associates has an average rating of "Moderate Buy" and a consensus price target of $208.88.

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.