GW&K Investment Management LLC Grows Stock Position in Manhattan Associates, Inc. (NASDAQ:MANH)

GW&K Investment Management LLC increased its holdings in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 28.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 397,901 shares of the software maker's stock after buying an additional 88,150 shares during the period. GW&K Investment Management LLC owned about 0.66% of Manhattan Associates worth $68,853,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division lifted its holdings in Manhattan Associates by 107.3% in 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 in the last quarter. Park Square Financial Group LLC purchased a new position in Manhattan Associates in the 4th quarter valued at about $38,000. Transce3nd LLC purchased a new position in Manhattan Associates in the 4th quarter valued at about $41,000. Reyes Financial Architecture Inc. lifted its holdings in Manhattan Associates by 42.5% in the 1st quarter. Reyes Financial Architecture Inc. now owns 476 shares of the software maker's stock valued at $82,000 after purchasing an additional 142 shares in the last quarter. Finally, Harbor Investment Advisory LLC lifted its holdings in Manhattan Associates by 57.7% in the 1st quarter. Harbor Investment Advisory LLC now owns 552 shares of the software maker's stock valued at $96,000 after purchasing an additional 202 shares in the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Manhattan Associates Stock Performance

MANH opened at $202.05 on Monday. The business has a 50 day moving average price of $193.57 and a 200 day moving average price of $194.85. Manhattan Associates, Inc. has a twelve month low of $140.81 and a twelve month high of $312.60. The firm has a market cap of $12.27 billion, a P/E ratio of 57.73 and a beta of 1.08.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Loop Capital reiterated a "hold" rating and set a $170.00 price objective (down from $275.00) on shares of Manhattan Associates in a report on Thursday, April 10th. Truist Financial increased 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. Morgan Stanley assumed coverage on shares of Manhattan Associates in a report on Monday, July 14th. They set an "underweight" rating and a $190.00 price objective on the stock. Redburn Atlantic lowered shares of Manhattan Associates from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $270.00 to $200.00 in a report on Tuesday, June 10th. Finally, DA Davidson increased their price objective on shares of Manhattan Associates from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Manhattan Associates presently has an average rating of "Hold" and an average target price of $210.56.

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.

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