Manhattan Associates, Inc. (NASDAQ:MANH) Shares Bought by South Dakota Investment Council

South Dakota Investment Council increased its holdings in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 50.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,969 shares of the software maker's stock after buying an additional 6,000 shares during the period. South Dakota Investment Council's holdings in Manhattan Associates were worth $3,109,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in MANH. DAVENPORT & Co LLC purchased a new position in Manhattan Associates during the 1st quarter worth $214,000. Prudential PLC boosted its holdings in Manhattan Associates by 40.0% in the fourth quarter. Prudential PLC now owns 23,936 shares of the software maker's stock worth $6,468,000 after acquiring an additional 6,835 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Manhattan Associates by 876.3% during the first quarter. SG Americas Securities LLC now owns 7,615 shares of the software maker's stock worth $1,318,000 after acquiring an additional 6,835 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in shares of Manhattan Associates during the fourth quarter valued at about $703,000. Finally, Vanguard Group Inc. raised its position in shares of Manhattan Associates by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 6,702,557 shares of the software maker's stock valued at $1,811,299,000 after purchasing an additional 50,538 shares during the last quarter. 98.45% of the stock is owned by institutional investors.

Manhattan Associates Price Performance

NASDAQ MANH traded down $1.85 during trading hours on Friday, hitting $202.05. 337,736 shares of the company's stock traded hands, compared to its average volume of 636,799. The company has a market capitalization of $12.27 billion, a PE ratio of 57.73 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 moving average is $193.57 and its 200-day moving average is $195.37.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. DA Davidson lifted their price objective on shares of Manhattan Associates from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Truist Financial upped their price target on shares of Manhattan Associates from $190.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Robert W. Baird lifted their price objective on Manhattan Associates from $212.00 to $230.00 and gave the company an "outperform" rating in a research note on Wednesday. Redburn Atlantic cut shares of Manhattan Associates from a "buy" rating to a "neutral" rating and decreased their target price for the company from $270.00 to $200.00 in a research note on Tuesday, June 10th. Finally, Citigroup reissued a "neutral" rating and set a $200.00 price target (up from $177.00) on shares of Manhattan Associates in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $210.56.

About Manhattan Associates

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.