Envestnet Portfolio Solutions Inc. trimmed its holdings in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 22.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,339 shares of the software maker's stock after selling 1,509 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Manhattan Associates were worth $924,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Metis Global Partners LLC boosted its holdings in shares of Manhattan Associates by 7.0% in the 4th quarter. Metis Global Partners LLC now owns 837 shares of the software maker's stock valued at $226,000 after buying an additional 55 shares during the last quarter. BOKF NA lifted its stake 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 acquiring an additional 55 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Manhattan Associates by 2.6% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,510 shares of the software maker's stock valued at $678,000 after acquiring an additional 63 shares during the period. Steward Partners Investment Advisory LLC grew its position 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 valued at $396,000 after acquiring an additional 73 shares during the period. Finally, Seeds Investor LLC increased its stake in shares of Manhattan Associates by 5.0% during the 4th quarter. Seeds Investor LLC now owns 1,556 shares of the software maker's stock worth $420,000 after purchasing an additional 74 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research firms recently commented on MANH. Redburn Atlantic cut Manhattan Associates from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $270.00 to $200.00 in a report on Tuesday, June 10th. Piper Sandler reduced their target price on Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Truist Financial increased their price target on Manhattan Associates from $190.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Robert W. Baird set a $212.00 price target on Manhattan Associates and gave the company an "outperform" rating in a report on Wednesday, May 21st. Finally, DA Davidson upped their price objective on shares of Manhattan Associates from $200.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $208.88.
Get Our Latest Stock Analysis on MANH
Manhattan Associates Stock Performance
Shares of NASDAQ MANH opened at $191.48 on Thursday. The stock has a market capitalization of $11.63 billion, a P/E ratio of 54.71 and a beta of 1.08. The stock's fifty day moving average is $185.47 and its 200 day moving average is $206.21. Manhattan Associates, Inc. has a 52 week low of $140.81 and a 52 week high of $312.60.
About Manhattan Associates
(
Free Report)
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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