Capital Insight Partners LLC Grows Stock Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Capital Insight Partners LLC boosted its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 9.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,359 shares of the software maker's stock after buying an additional 1,367 shares during the period. Capital Insight Partners LLC's holdings in Manhattan Associates were worth $2,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in MANH. Twin Tree Management LP acquired a new position in Manhattan Associates during the 4th quarter valued at about $25,000. Central Pacific Bank Trust Division increased its position 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 valued at $34,000 after buying an additional 103 shares in the last quarter. Park Square Financial Group LLC acquired a new position in Manhattan Associates during the 4th quarter valued at about $38,000. Transce3nd LLC acquired a new position in Manhattan Associates during the 4th quarter valued at about $41,000. Finally, EverSource Wealth Advisors LLC increased its position in Manhattan Associates by 144.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 308 shares of the software maker's stock valued at $83,000 after buying an additional 182 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on MANH shares. Loop Capital reaffirmed a "hold" rating and set a $170.00 target price (down from $275.00) on shares of Manhattan Associates in a research report on Thursday, April 10th. DA Davidson increased their price objective on Manhattan Associates from $200.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Robert W. Baird set a $212.00 price objective on Manhattan Associates and gave the company an "outperform" rating in a report on Wednesday, May 21st. Redburn Atlantic lowered Manhattan Associates from a "buy" rating to a "neutral" rating and cut their price objective for the company from $270.00 to $200.00 in a report on Tuesday, June 10th. Finally, Truist Financial increased their price objective on Manhattan Associates from $190.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $208.88.

Manhattan Associates Stock Down 1.8%

Shares of MANH traded down $3.62 during mid-day trading on Friday, reaching $196.16. The company had a trading volume of 357,892 shares, compared to its average volume of 640,481. Manhattan Associates, Inc. has a 52-week low of $140.81 and a 52-week high of $312.60. The stock has a market capitalization of $11.91 billion, a P/E ratio of 56.05 and a beta of 1.08. The stock has a 50 day moving average of $192.02 and a two-hundred day moving average of $197.34.

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.