IFM Investors Pty Ltd Boosts Position in Manhattan Associates, Inc. (NASDAQ:MANH)

IFM Investors Pty Ltd lifted its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 11.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 13,201 shares of the software maker's stock after acquiring an additional 1,303 shares during the quarter. IFM Investors Pty Ltd's holdings in Manhattan Associates were worth $2,284,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its holdings in Manhattan Associates by 101.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,673,776 shares of the software maker's stock worth $452,321,000 after purchasing an additional 841,276 shares in the last quarter. Norges Bank bought a new stake in shares of Manhattan Associates during the 4th quarter valued at about $201,377,000. Franklin Resources Inc. boosted its position in shares of Manhattan Associates by 43.2% during the 4th quarter. Franklin Resources Inc. now owns 1,916,509 shares of the software maker's stock valued at $517,917,000 after acquiring an additional 578,295 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of 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 during the last quarter. Finally, FMR LLC boosted its position in shares of Manhattan Associates by 16.2% during the 4th quarter. FMR LLC now owns 2,227,669 shares of the software maker's stock valued at $602,005,000 after acquiring an additional 310,257 shares during the last quarter. Institutional investors own 98.45% of the company's stock.

Manhattan Associates Price Performance

Manhattan Associates stock traded down $3.62 during trading hours on Friday, reaching $196.16. The company had a trading volume of 357,892 shares, compared to its average volume of 639,435. The company has a 50-day moving average price of $192.02 and a 200 day moving average price of $198.49. The firm has a market cap of $11.91 billion, a price-to-earnings ratio of 56.05 and a beta of 1.08. Manhattan Associates, Inc. has a 12-month low of $140.81 and a 12-month high of $312.60.

Wall Street Analyst Weigh In

MANH has been the subject of a number of research analyst reports. Truist Financial lifted their price target on Manhattan Associates from $190.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Loop Capital reiterated a "hold" rating and set a $170.00 price target (down previously from $275.00) on shares of Manhattan Associates in a research report on Thursday, April 10th. DA Davidson lifted their price target on Manhattan Associates from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Piper Sandler dropped their price target on Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating for the company in a research report on Friday, March 14th. Finally, Redburn Atlantic cut Manhattan Associates from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $270.00 to $200.00 in a report on Tuesday, June 10th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Manhattan Associates presently has a consensus rating of "Moderate Buy" and a consensus price target of $208.88.

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.