Manhattan Associates, Inc. (NASDAQ:MANH) Shares Bought by Strategic Advisors LLC

Strategic Advisors LLC grew its stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 116.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,454 shares of the software maker's stock after buying an additional 1,858 shares during the quarter. Strategic Advisors LLC's holdings in Manhattan Associates were worth $598,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of MANH. Metis Global Partners LLC lifted its holdings in Manhattan Associates by 7.0% in the fourth quarter. Metis Global Partners LLC now owns 837 shares of the software maker's stock valued at $226,000 after acquiring an additional 55 shares during the period. BOKF NA increased its holdings in shares of Manhattan Associates by 0.4% during the 4th quarter. BOKF NA now owns 13,271 shares of the software maker's stock valued at $3,522,000 after purchasing an additional 55 shares in the last quarter. Kestra Investment Management LLC lifted its stake in shares of Manhattan Associates by 2.9% in the 4th quarter. Kestra Investment Management LLC now owns 2,055 shares of the software maker's stock valued at $555,000 after purchasing an additional 57 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of Manhattan Associates by 2.6% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,510 shares of the software maker's stock valued at $678,000 after purchasing an additional 63 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its holdings 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 buying an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.

Analysts Set New Price Targets

MANH has been the subject of a number of analyst reports. Redburn Atlantic downgraded shares of Manhattan Associates from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $270.00 to $200.00 in a research report on Tuesday, June 10th. Robert W. Baird set a $212.00 price target on Manhattan Associates and gave the stock an "outperform" rating in a report on Wednesday, May 21st. Loop Capital reissued 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. Citigroup cut their price objective on Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Finally, Truist Financial increased their target price on Manhattan Associates from $190.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $208.88.

Manhattan Associates Stock Performance

Shares of NASDAQ:MANH traded down $2.21 during trading on Friday, reaching $186.29. The stock had a trading volume of 1,065,766 shares, compared to its average volume of 634,917. Manhattan Associates, Inc. has a 1-year low of $140.81 and a 1-year high of $312.60. The stock has a market cap of $11.31 billion, a PE ratio of 53.23 and a beta of 1.08. The business has a fifty day moving average price of $183.10 and a 200-day moving average price of $209.25.

Manhattan Associates Company 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.