Carolina Wealth Advisors LLC Boosts Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Carolina Wealth Advisors LLC increased its holdings in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 505.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,746 shares of the software maker's stock after buying an additional 3,962 shares during the quarter. Carolina Wealth Advisors LLC's holdings in Manhattan Associates were worth $821,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MANH. Massachusetts Financial Services Co. MA boosted its holdings in shares of Manhattan Associates by 101.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,673,776 shares of the software maker's stock worth $452,321,000 after buying an additional 841,276 shares during the last quarter. Norges Bank bought a new stake in Manhattan Associates during the 4th quarter worth approximately $201,377,000. Franklin Resources Inc. raised its stake in Manhattan Associates by 43.2% during the 4th quarter. Franklin Resources Inc. now owns 1,916,509 shares of the software maker's stock worth $517,917,000 after acquiring an additional 578,295 shares during the period. Lazard Asset Management LLC raised its stake in Manhattan Associates by 2,075.5% during the 4th quarter. Lazard Asset Management LLC now owns 399,066 shares of the software maker's stock worth $107,842,000 after acquiring an additional 380,722 shares during the period. Finally, FMR LLC raised its stake in Manhattan Associates by 16.2% during the 4th quarter. FMR LLC now owns 2,227,669 shares of the software maker's stock worth $602,005,000 after acquiring an additional 310,257 shares during the period. Hedge funds and other institutional investors own 98.45% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Redburn Atlantic cut shares of Manhattan Associates from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $270.00 to $200.00 in a research note on Tuesday, June 10th. DA Davidson raised their target price on shares of Manhattan Associates from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Robert W. Baird set a $212.00 price objective on shares of Manhattan Associates and gave the company an "outperform" rating in a research report on Wednesday, May 21st. Citigroup reduced their price objective on shares of Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Finally, Loop Capital reiterated a "hold" rating and set a $170.00 price objective (down previously from $275.00) on shares of Manhattan Associates in a research report on Thursday, April 10th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $208.88.

Manhattan Associates Price Performance

Shares of NASDAQ MANH opened at $197.25 on Friday. The stock has a market capitalization of $11.98 billion, a price-to-earnings ratio of 56.36 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. The firm's 50 day simple moving average is $186.76 and its 200-day simple moving average is $204.79.

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.

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