Vontobel Holding Ltd. Raises Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Vontobel Holding Ltd. boosted its position in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 27.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,423 shares of the software maker's stock after purchasing an additional 1,382 shares during the period. Vontobel Holding Ltd.'s holdings in Manhattan Associates were worth $1,111,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. BOKF NA increased its holdings in Manhattan Associates by 0.4% in the 4th quarter. BOKF NA now owns 13,271 shares of the software maker's stock worth $3,522,000 after purchasing an additional 55 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew 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 valued at $678,000 after buying an additional 63 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of Manhattan Associates by 5.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,467 shares of the software maker's stock valued at $396,000 after buying an additional 73 shares during the last quarter. Seeds Investor LLC grew its position in shares of Manhattan Associates by 5.0% in the 4th quarter. Seeds Investor LLC now owns 1,556 shares of the software maker's stock valued at $420,000 after buying an additional 74 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in shares of Manhattan Associates by 14.6% in the 1st quarter. Fifth Third Bancorp now owns 691 shares of the software maker's stock valued at $120,000 after buying an additional 88 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

Wall Street Analysts Forecast Growth

MANH has been the topic of a number of analyst reports. Piper Sandler reduced their price target on Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating on the stock in a research report on Friday, March 14th. Truist Financial upped their price target on Manhattan Associates from $190.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Citigroup reduced their price target on Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Loop Capital reiterated a "hold" rating and issued a $170.00 price target (down previously from $275.00) on shares of Manhattan Associates in a research report on Thursday, April 10th. Finally, Robert W. Baird set a $212.00 target price on Manhattan Associates and gave the company an "outperform" rating in a research report on Wednesday, May 21st. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Manhattan Associates currently has an average rating of "Moderate Buy" and an average target price of $208.88.

Manhattan Associates Stock Up 0.6%

NASDAQ:MANH traded up $1.17 on Friday, hitting $199.88. The stock had a trading volume of 269,864 shares, compared to its average volume of 637,729. The business's fifty day moving average is $189.77 and its 200 day moving average is $200.71. The company has a market cap of $12.14 billion, a PE ratio of 57.11 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.

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.