Cwm LLC Has $1.83 Million Stock Position in Manhattan Associates, Inc. (NASDAQ:MANH)

CWM LLC raised its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 180.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,565 shares of the software maker's stock after buying an additional 6,800 shares during the period. CWM LLC's holdings in Manhattan Associates were worth $1,828,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC lifted its holdings in shares of Manhattan Associates by 3.1% during the 4th quarter. HighTower Advisors LLC now owns 5,156 shares of the software maker's stock valued at $1,393,000 after buying an additional 154 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Manhattan Associates by 23.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 972 shares of the software maker's stock valued at $263,000 after acquiring an additional 186 shares during the last quarter. Corient Private Wealth LLC lifted its stake in Manhattan Associates by 9.7% in the fourth quarter. Corient Private Wealth LLC now owns 4,575 shares of the software maker's stock valued at $1,236,000 after acquiring an additional 404 shares during the last quarter. Royal London Asset Management Ltd. acquired a new stake in Manhattan Associates in the fourth quarter valued at approximately $919,000. Finally, Virtu Financial LLC acquired a new stake in Manhattan Associates in the fourth quarter valued at approximately $789,000. Institutional investors and hedge funds own 98.45% of the company's stock.

Analyst Ratings Changes

MANH has been the subject of several analyst reports. Truist Financial boosted their target price on Manhattan Associates from $190.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Loop Capital reissued a "hold" rating and set a $170.00 target price (down previously from $275.00) on shares of Manhattan Associates in a research report on Thursday, April 10th. Robert W. Baird boosted their target price on shares of Manhattan Associates from $212.00 to $230.00 and gave the stock an "outperform" rating in a research report on Wednesday. DA Davidson boosted their target price 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, Citigroup reissued a "neutral" rating and set a $200.00 price objective (up previously from $177.00) on shares of Manhattan Associates in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Manhattan Associates presently has an average rating of "Hold" and a consensus target price of $210.56.

Manhattan Associates Stock Down 0.9%

MANH stock traded down $1.85 during midday trading on Friday, reaching $202.05. 337,736 shares of the company's stock traded hands, compared to its average volume of 636,799. The company has a 50-day simple moving average of $193.57 and a two-hundred day simple moving average of $195.37. Manhattan Associates, Inc. has a 1-year low of $140.81 and a 1-year high of $312.60. The company has a market cap of $12.27 billion, a price-to-earnings ratio of 57.73 and a beta of 1.08.

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.