Manhattan Associates, Inc. (NASDAQ:MANH) Shares Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd lifted its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 11.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Twin Tree Management LP acquired a new position in shares of Manhattan Associates in the 4th quarter valued at approximately $25,000. Park Square Financial Group LLC acquired a new stake in Manhattan Associates in the fourth quarter valued at $38,000. Transce3nd LLC acquired a new stake in Manhattan Associates in the fourth quarter valued at $41,000. Central Pacific Bank Trust Division boosted its stake in Manhattan Associates by 107.3% during the 1st quarter. Central Pacific Bank Trust Division now owns 199 shares of the software maker's stock valued at $34,000 after acquiring an additional 103 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Manhattan Associates by 144.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 308 shares of the software maker's stock worth $83,000 after acquiring an additional 182 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MANH shares. DA Davidson upped their target price on shares of Manhattan Associates from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Redburn Atlantic downgraded Manhattan Associates from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $270.00 to $200.00 in a report on Tuesday, June 10th. Truist Financial boosted their price target on Manhattan Associates from $190.00 to $210.00 and gave the company a "buy" rating in a report 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, Piper Sandler lowered their price target on Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating for the company in a report on Friday, March 14th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Manhattan Associates has an average rating of "Moderate Buy" and an average target price of $208.88.

Manhattan Associates Trading Down 1.0%

MANH traded down $2.07 during trading on Thursday, reaching $200.77. 215,844 shares of the company were exchanged, compared to its average volume of 637,634. The stock has a market cap of $12.19 billion, a P/E ratio of 57.36 and a beta of 1.08. The firm has a 50 day moving average of $191.34 and a 200 day moving average of $199.63. Manhattan Associates, Inc. has a 52 week low of $140.81 and a 52 week high of $312.60.

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.