Gateway Investment Advisers LLC cut its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 46.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,275 shares of the software maker's stock after selling 1,940 shares during the quarter. Gateway Investment Advisers LLC's holdings in Manhattan Associates were worth $394,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the business. Metis Global Partners LLC raised its holdings in Manhattan Associates by 7.0% during 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 raised its stake in shares of Manhattan Associates by 0.4% during 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. Kestra Investment Management LLC boosted its holdings in shares of Manhattan Associates by 2.9% during the fourth quarter. Kestra Investment Management LLC now owns 2,055 shares of the software maker's stock worth $555,000 after purchasing an additional 57 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Manhattan Associates by 2.6% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,510 shares of the software maker's stock worth $678,000 after purchasing an additional 63 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in Manhattan Associates by 5.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,467 shares of the software maker's stock valued at $396,000 after purchasing an additional 73 shares during the period. 98.45% of the stock is currently owned by institutional investors.
Manhattan Associates Stock Down 2.0%
Shares of NASDAQ:MANH traded down $3.95 on Wednesday, hitting $189.33. 694,729 shares of the company traded hands, compared to its average volume of 626,725. The stock has a 50 day simple moving average of $177.98 and a 200-day simple moving average of $213.44. The company has a market cap of $11.50 billion, a PE ratio of 53.94 and a beta of 1.08. Manhattan Associates, Inc. has a 52 week low of $140.81 and a 52 week high of $312.60.
Analyst Ratings Changes
MANH has been the subject of several research analyst reports. DA Davidson increased their price objective on Manhattan Associates from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Citigroup cut their price target on shares of Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Truist Financial upped their price objective on shares of Manhattan Associates from $190.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Robert W. Baird set a $212.00 target price on shares of Manhattan Associates and gave the company an "outperform" rating in a research note on Wednesday, May 21st. Finally, Loop Capital reissued a "hold" rating and issued a $170.00 price target (down from $275.00) on shares of Manhattan Associates in a research note on Thursday, April 10th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Manhattan Associates has a consensus rating of "Moderate Buy" and a consensus price target of $208.88.
Check Out Our Latest Report on MANH
Manhattan Associates Profile
(
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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