Larson Financial Group LLC increased its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 7.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,965 shares of the software maker's stock after purchasing an additional 1,762 shares during the period. Larson Financial Group LLC's holdings in Manhattan Associates were worth $4,147,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in MANH. Twin Tree Management LP purchased a new position in shares of Manhattan Associates in the 4th quarter valued at $25,000. Central Pacific Bank Trust Division boosted its holdings in shares of 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 buying an additional 103 shares during the period. Park Square Financial Group LLC acquired a new position in Manhattan Associates during the 4th quarter valued at about $38,000. Transce3nd LLC bought a new stake in shares of Manhattan Associates during the 4th quarter worth about $41,000. Finally, Reyes Financial Architecture Inc. raised its holdings in shares of Manhattan Associates by 42.5% in the 1st quarter. Reyes Financial Architecture Inc. now owns 476 shares of the software maker's stock worth $82,000 after purchasing an additional 142 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.
Manhattan Associates Stock Performance
NASDAQ:MANH opened at $197.85 on Tuesday. The firm has a market cap of $12.01 billion, a price-to-earnings ratio of 56.53 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. The firm's 50-day simple moving average is $192.02 and its 200 day simple moving average is $197.34.
Analyst Upgrades and Downgrades
Several research firms have commented on MANH. Robert W. Baird set a $212.00 target price on shares of Manhattan Associates and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Truist Financial raised their target price on shares of Manhattan Associates from $190.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. DA Davidson raised their target price 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. Loop Capital reiterated a "hold" rating and issued a $170.00 price objective (down from $275.00) on shares of Manhattan Associates in a report on Thursday, April 10th. Finally, Redburn Atlantic downgraded shares of Manhattan Associates from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $270.00 to $200.00 in a report on Tuesday, June 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $206.78.
Check Out Our Latest Stock Analysis on Manhattan Associates
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.
Featured Stories
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