1,101 Shares in Manhattan Associates, Inc. (NASDAQ:MANH) Bought by US Asset Management LLC

US Asset Management LLC acquired a new stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,101 shares of the software maker’s stock, valued at approximately $237,000.

Several other hedge funds also recently added to or reduced their stakes in MANH. Russell Investments Group Ltd. grew its stake in Manhattan Associates by 9.1% in the fourth quarter. Russell Investments Group Ltd. now owns 59,852 shares of the software maker’s stock worth $12,923,000 after purchasing an additional 4,986 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of Manhattan Associates by 59.9% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 21,612 shares of the software maker’s stock valued at $4,271,000 after buying an additional 8,094 shares during the last quarter. Highland Capital Management LLC bought a new position in Manhattan Associates in the fourth quarter worth about $1,142,000. Redhawk Wealth Advisors Inc. bought a new position in shares of Manhattan Associates during the fourth quarter valued at approximately $1,050,000. Finally, Meeder Asset Management Inc. acquired a new position in Manhattan Associates during the 4th quarter valued at approximately $2,039,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Manhattan Associates Trading Up 1.2 %

MANH stock traded up $2.61 during trading hours on Thursday, hitting $217.23. 254,417 shares of the stock traded hands, compared to its average volume of 391,729. The stock has a 50-day simple moving average of $237.80 and a 200 day simple moving average of $227.43. Manhattan Associates, Inc. has a one year low of $169.38 and a one year high of $266.94. The company has a market cap of $13.37 billion, a P/E ratio of 70.35 and a beta of 1.45.

Analysts Set New Price Targets

A number of research firms have issued reports on MANH. Citigroup cut their target price on Manhattan Associates from $260.00 to $220.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th. DA Davidson upgraded shares of Manhattan Associates from a “neutral” rating to a “buy” rating and raised their price target for the company from $220.00 to $240.00 in a research note on Thursday, April 25th. Rosenblatt Securities reiterated a “neutral” rating and set a $225.00 price objective on shares of Manhattan Associates in a research report on Wednesday, April 24th. Raymond James raised their target price on Manhattan Associates from $214.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Finally, Truist Financial increased their price target on Manhattan Associates from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $234.86.

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.