Mn Services Vermogensbeheer B.V. Sells 1,700 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Mn Services Vermogensbeheer B.V. trimmed its position in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 6.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,000 shares of the software maker's stock after selling 1,700 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Manhattan Associates were worth $3,980,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Manhattan Associates by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 6,702,557 shares of the software maker's stock worth $1,811,299,000 after purchasing an additional 50,538 shares during the last quarter. FMR LLC increased its holdings in shares of Manhattan Associates by 16.2% in the fourth quarter. FMR LLC now owns 2,227,669 shares of the software maker's stock worth $602,005,000 after purchasing an additional 310,257 shares during the last quarter. Franklin Resources Inc. increased its stake in Manhattan Associates by 43.2% during the fourth quarter. Franklin Resources Inc. now owns 1,916,509 shares of the software maker's stock worth $517,917,000 after acquiring an additional 578,295 shares during the last quarter. Invesco Ltd. increased its stake in Manhattan Associates by 3.1% during the fourth quarter. Invesco Ltd. now owns 1,861,160 shares of the software maker's stock worth $502,960,000 after acquiring an additional 55,334 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Manhattan Associates by 101.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,673,776 shares of the software maker's stock worth $452,321,000 after acquiring an additional 841,276 shares during the last quarter. 98.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Robert W. Baird set a $212.00 price objective on Manhattan Associates and gave the stock an "outperform" rating in a research note on Wednesday, May 21st. Redburn Atlantic cut Manhattan Associates from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $270.00 to $200.00 in a research note on Tuesday, June 10th. Loop Capital reissued a "hold" rating and set a $170.00 price objective (down from $275.00) on shares of Manhattan Associates in a research note on Thursday, April 10th. Citigroup reduced their price objective on Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Finally, DA Davidson boosted their price objective on Manhattan Associates from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $208.88.

Manhattan Associates Price Performance

Shares of MANH traded down $2.21 during mid-day trading on Friday, reaching $186.29. 1,065,766 shares of the company's stock traded hands, compared to its average volume of 635,008. The stock has a market cap of $11.31 billion, a P/E ratio of 53.23 and a beta of 1.08. The stock's 50-day moving average is $183.65 and its two-hundred day moving average is $207.83. Manhattan Associates, Inc. has a 12 month low of $140.81 and a 12 month high of $312.60.

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.