Wealth Enhancement Advisory Services LLC Buys 4,957 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Wealth Enhancement Advisory Services LLC increased its stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 177.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,749 shares of the software maker's stock after purchasing an additional 4,957 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Manhattan Associates were worth $1,341,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Twin Tree Management LP bought a new position in shares of Manhattan Associates in the fourth quarter worth approximately $25,000. Central Pacific Bank Trust Division grew its position in Manhattan Associates by 107.3% during the first quarter. Central Pacific Bank Trust Division now owns 199 shares of the software maker's stock valued at $34,000 after acquiring an additional 103 shares during the last quarter. Park Square Financial Group LLC bought a new position in Manhattan Associates during the fourth quarter valued at approximately $38,000. Transce3nd LLC bought a new position in Manhattan Associates during the fourth quarter valued at approximately $41,000. Finally, EverSource Wealth Advisors LLC grew its position in Manhattan Associates by 144.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 308 shares of the software maker's stock valued at $83,000 after acquiring an additional 182 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

Manhattan Associates Trading Up 0.6%

Shares of NASDAQ:MANH traded up $1.17 during trading on Friday, reaching $199.88. 269,864 shares of the company traded hands, compared to its average volume of 635,849. The business's fifty day moving average is $189.77 and its 200-day moving average is $201.27. Manhattan Associates, Inc. has a 52-week low of $140.81 and a 52-week high of $312.60. The firm has a market capitalization of $12.14 billion, a price-to-earnings ratio of 57.11 and a beta of 1.08.

Wall Street Analysts Forecast Growth

MANH has been the topic of a number of recent research reports. Robert W. Baird set a $212.00 price target on shares of Manhattan Associates and gave the company an "outperform" rating in a research report on Wednesday, May 21st. Loop Capital reiterated a "hold" rating and set a $170.00 price target (down from $275.00) on shares of Manhattan Associates in a research report on Thursday, April 10th. DA Davidson increased their price target on shares of Manhattan Associates from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Redburn Atlantic cut shares of Manhattan Associates from a "buy" rating to a "neutral" rating and reduced their price target for the company from $270.00 to $200.00 in a research report on Tuesday, June 10th. Finally, Truist Financial increased their price objective on Manhattan Associates from $190.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Manhattan Associates currently has a consensus rating of "Moderate Buy" and an average price target of $208.88.

Manhattan Associates 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.