Lifestyle Asset Management Inc. increased its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 69.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,631 shares of the software maker's stock after acquiring an additional 2,307 shares during the quarter. Lifestyle Asset Management Inc.'s holdings in Manhattan Associates were worth $974,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Manhattan Associates by 213.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,009,913 shares of the software maker's stock valued at $284,169,000 after buying an additional 687,933 shares during the period. Greenleaf Trust raised its holdings in shares of Manhattan Associates by 145.6% during the fourth quarter. Greenleaf Trust now owns 1,967 shares of the software maker's stock worth $532,000 after acquiring an additional 1,166 shares in the last quarter. Trust Point Inc. boosted its position in Manhattan Associates by 29.0% during the fourth quarter. Trust Point Inc. now owns 1,787 shares of the software maker's stock valued at $483,000 after purchasing an additional 402 shares during the last quarter. abrdn plc grew its stake in Manhattan Associates by 2.1% in the fourth quarter. abrdn plc now owns 23,088 shares of the software maker's stock valued at $6,250,000 after purchasing an additional 476 shares in the last quarter. Finally, Calamos Advisors LLC increased its position in Manhattan Associates by 23.7% in the 4th quarter. Calamos Advisors LLC now owns 5,367 shares of the software maker's stock worth $1,450,000 after purchasing an additional 1,027 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.
Manhattan Associates Stock Performance
Shares of NASDAQ MANH traded up $2.60 during mid-day trading on Friday, hitting $192.78. 625,138 shares of the stock were exchanged, compared to its average volume of 621,293. The company has a market cap of $11.70 billion, a P/E ratio of 54.92 and a beta of 1.08. Manhattan Associates, Inc. has a twelve month low of $140.81 and a twelve month high of $312.60. The stock's fifty day simple moving average is $176.69 and its two-hundred day simple moving average is $215.52.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on MANH shares. Truist Financial lifted 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. Citigroup decreased their price target on shares of Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. William Blair raised Manhattan Associates from a "market perform" rating to an "outperform" rating in a research report on Thursday, February 13th. Robert W. Baird set a $212.00 price target on shares of Manhattan Associates and gave the stock an "outperform" rating in a research note on Wednesday, May 21st. Finally, Piper Sandler dropped their price objective on shares of Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Manhattan Associates currently has a consensus rating of "Moderate Buy" and a consensus price target of $210.14.
Read Our Latest Stock Analysis on MANH
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.
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