Cerity Partners LLC Grows Stock Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Cerity Partners LLC increased its position in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 13.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,530 shares of the software maker's stock after purchasing an additional 2,815 shares during the quarter. Cerity Partners LLC's holdings in Manhattan Associates were worth $4,072,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Twin Tree Management LP bought a new position in Manhattan Associates during the 4th quarter valued at about $25,000. Central Pacific Bank Trust Division raised its position in shares of 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 purchasing an additional 103 shares during the period. Park Square Financial Group LLC purchased a new position in shares of Manhattan Associates in the fourth quarter valued at about $38,000. Transce3nd LLC bought a new position in Manhattan Associates in the 4th quarter worth approximately $41,000. Finally, Harbor Investment Advisory LLC grew its holdings in Manhattan Associates by 57.7% during the 1st quarter. Harbor Investment Advisory LLC now owns 552 shares of the software maker's stock valued at $96,000 after buying an additional 202 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on MANH shares. Citigroup reiterated a "neutral" rating and issued a $200.00 target price (up from $177.00) on shares of Manhattan Associates in a research report on Wednesday. Robert W. Baird increased their target price on Manhattan Associates from $212.00 to $230.00 and gave the company an "outperform" rating in a research report on Wednesday. Redburn Atlantic lowered shares of Manhattan Associates from a "buy" rating to a "neutral" rating and cut their target price for the company from $270.00 to $200.00 in a report on Tuesday, June 10th. DA Davidson boosted their price target on shares of Manhattan Associates from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Finally, Truist Financial increased their price objective on shares of Manhattan Associates from $190.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $210.56.

Manhattan Associates Stock Performance

NASDAQ MANH traded down $1.85 on Friday, reaching $202.05. 337,736 shares of the company's stock traded hands, compared to its average volume of 636,799. The stock has a 50 day moving average price of $193.57 and a 200-day moving average price of $195.37. The firm has a market cap of $12.27 billion, a price-to-earnings ratio of 57.73 and a beta of 1.08. Manhattan Associates, Inc. has a fifty-two week low of $140.81 and a fifty-two week high of $312.60.

Manhattan Associates 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.