Segall Bryant & Hamill LLC Invests $7.01 Million in Manhattan Associates, Inc. (NASDAQ:MANH)

Segall Bryant & Hamill LLC purchased a new stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 40,530 shares of the software maker's stock, valued at approximately $7,013,000. Segall Bryant & Hamill LLC owned 0.07% of Manhattan Associates at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BOKF NA grew its position in Manhattan Associates by 0.4% during the fourth quarter. BOKF NA now owns 13,271 shares of the software maker's stock worth $3,522,000 after buying an additional 55 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position 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 worth $678,000 after acquiring an additional 63 shares during the period. Linden Thomas Advisory Services LLC grew its holdings in shares of Manhattan Associates by 1.1% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 6,552 shares of the software maker's stock worth $1,134,000 after purchasing an additional 73 shares in the last quarter. Seeds Investor LLC increased its position in shares of Manhattan Associates by 5.0% during the fourth quarter. Seeds Investor LLC now owns 1,556 shares of the software maker's stock valued at $420,000 after purchasing an additional 74 shares during the period. Finally, Signaturefd LLC raised its stake in shares of Manhattan Associates by 6.9% in the first quarter. Signaturefd LLC now owns 1,285 shares of the software maker's stock valued at $222,000 after purchasing an additional 83 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MANH. Robert W. Baird lifted their price target on shares of Manhattan Associates from $212.00 to $230.00 and gave the stock an "outperform" rating in a research note on Wednesday. Citigroup reissued a "neutral" rating and issued a $200.00 target price (up previously from $177.00) on shares of Manhattan Associates in a research note on Wednesday. Truist Financial raised their price target on shares of Manhattan Associates from $190.00 to $210.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. DA Davidson lifted 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. Finally, Redburn Atlantic cut Manhattan Associates from a "buy" rating to a "neutral" rating and dropped their target price for the stock 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 given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $210.56.

Manhattan Associates Stock Performance

Manhattan Associates stock traded down $1.85 during trading hours on Friday, hitting $202.05. 337,736 shares of the stock were exchanged, compared to its average volume of 636,287. Manhattan Associates, Inc. has a 12 month low of $140.81 and a 12 month high of $312.60. The business's 50-day moving average is $193.57 and its two-hundred day moving average is $195.88. The stock has a market capitalization of $12.27 billion, a P/E ratio of 57.73 and a beta of 1.08.

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.