Manhattan Associates, Inc. (NASDAQ:MANH) Shares Bought by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. grew its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 4.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 24,700 shares of the software maker’s stock after buying an additional 1,100 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Manhattan Associates were worth $6,675,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MANH. Capital Performance Advisors LLP acquired a new stake in shares of Manhattan Associates in the 3rd quarter worth approximately $34,000. Whipplewood Advisors LLC acquired a new stake in shares of Manhattan Associates in the 4th quarter worth approximately $34,000. Synergy Asset Management LLC acquired a new stake in shares of Manhattan Associates in the 4th quarter worth approximately $35,000. Ashton Thomas Securities LLC acquired a new stake in shares of Manhattan Associates in the 3rd quarter worth approximately $42,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Manhattan Associates in the 3rd quarter worth approximately $58,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MANH. Truist Financial lowered their target price on Manhattan Associates from $310.00 to $285.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Citigroup lowered their target price on Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. DA Davidson lowered their target price on Manhattan Associates from $315.00 to $270.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. William Blair upgraded Manhattan Associates from a “market perform” rating to an “outperform” rating in a report on Thursday, February 13th. Finally, Piper Sandler reiterated an “overweight” rating and set a $268.00 target price (down previously from $326.00) on shares of Manhattan Associates in a report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Manhattan Associates has an average rating of “Moderate Buy” and an average target price of $273.33.

Manhattan Associates Stock Up 1.0 %

Shares of Manhattan Associates stock opened at $176.88 on Friday. Manhattan Associates, Inc. has a fifty-two week low of $169.94 and a fifty-two week high of $312.60. The firm has a market cap of $10.81 billion, a PE ratio of 50.39 and a beta of 1.50. The business’s fifty day moving average is $236.56 and its two-hundred day moving average is $263.75.

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.