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

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

A number of other hedge funds also recently modified their holdings of MANH. Jones Financial Companies Lllp increased its stake in shares of Manhattan Associates by 212.7% in the fourth quarter. Jones Financial Companies Lllp now owns 516 shares of the software maker's stock valued at $139,000 after buying an additional 351 shares during the period. Steward Partners Investment Advisory LLC grew its stake in Manhattan Associates by 5.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,467 shares of the software maker's stock worth $396,000 after purchasing an additional 73 shares during the period. Assetmark Inc. increased its holdings in Manhattan Associates by 6.1% in the fourth quarter. Assetmark Inc. now owns 10,021 shares of the software maker's stock worth $2,708,000 after purchasing an additional 572 shares in the last quarter. Atria Investments Inc lifted its stake in Manhattan Associates by 12.7% in the fourth quarter. Atria Investments Inc now owns 8,509 shares of the software maker's stock valued at $2,299,000 after buying an additional 958 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in shares of Manhattan Associates during the 4th quarter worth approximately $11,904,000. Institutional investors own 98.45% of the company's stock.

Manhattan Associates Stock Up 0.0%

NASDAQ MANH traded up $0.09 on Wednesday, reaching $202.84. The company had a trading volume of 306,928 shares, compared to its average volume of 639,249. The company's fifty day moving average is $190.83 and its 200 day moving average is $199.61. Manhattan Associates, Inc. has a 52-week low of $140.81 and a 52-week high of $312.60. The stock has a market capitalization of $12.32 billion, a P/E ratio of 57.95 and a beta of 1.08.

Analyst Ratings Changes

Several brokerages recently issued reports on MANH. Redburn Atlantic cut shares of Manhattan Associates from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $270.00 to $200.00 in a report on Tuesday, June 10th. Robert W. Baird set a $212.00 target price on Manhattan Associates and gave the company an "outperform" rating in a research note on Wednesday, May 21st. Piper Sandler decreased their target price 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. Loop Capital reiterated a "hold" rating and issued a $170.00 price target (down previously from $275.00) on shares of Manhattan Associates in a report on Thursday, April 10th. Finally, DA Davidson boosted 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. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.