Manhattan Associates, Inc. (NASDAQ:MANH) Stock Holdings Increased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 62.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 83,886 shares of the software maker's stock after acquiring an additional 32,142 shares during the quarter. Exchange Traded Concepts LLC owned about 0.14% of Manhattan Associates worth $14,516,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MANH. Massachusetts Financial Services Co. MA raised its position in shares of Manhattan Associates by 101.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,673,776 shares of the software maker's stock valued at $452,321,000 after purchasing an additional 841,276 shares in the last quarter. Norges Bank acquired a new stake in shares of Manhattan Associates in the 4th quarter worth about $201,377,000. Franklin Resources Inc. raised its holdings in shares of Manhattan Associates by 43.2% during the fourth quarter. Franklin Resources Inc. now owns 1,916,509 shares of the software maker's stock valued at $517,917,000 after buying an additional 578,295 shares during the last quarter. 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 valued at $107,842,000 after acquiring an additional 380,722 shares in the last quarter. Finally, FMR LLC lifted its holdings in Manhattan Associates by 16.2% in the fourth quarter. FMR LLC now owns 2,227,669 shares of the software maker's stock worth $602,005,000 after purchasing an additional 310,257 shares during the period. Institutional investors and hedge funds own 98.45% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MANH. 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. DA Davidson upped 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. Redburn Atlantic lowered Manhattan Associates from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $270.00 to $200.00 in a report on Tuesday, June 10th. Citigroup cut their price target on shares of Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Finally, Loop Capital reaffirmed a "hold" rating and issued a $170.00 price objective (down previously from $275.00) on shares of Manhattan Associates in a research note on Thursday, April 10th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $208.88.

Manhattan Associates Trading Down 1.6%

Shares of MANH traded down $3.02 during midday trading on Wednesday, hitting $188.50. The stock had a trading volume of 707,074 shares, compared to its average volume of 632,192. Manhattan Associates, Inc. has a fifty-two week low of $140.81 and a fifty-two week high of $312.60. The business has a 50-day simple moving average of $182.04 and a two-hundred day simple moving average of $210.07. The firm has a market cap of $11.45 billion, a P/E ratio of 53.86 and a beta of 1.08.

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.