Mn Services Vermogensbeheer B.V. Raises Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Mn Services Vermogensbeheer B.V. increased its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 4.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 24,700 shares of the software maker’s stock after acquiring an additional 1,100 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Manhattan Associates were worth $6,675,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MANH. Private Advisor Group LLC grew its position in Manhattan Associates by 8.9% in the third quarter. Private Advisor Group LLC now owns 1,376 shares of the software maker’s stock worth $387,000 after acquiring an additional 113 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Manhattan Associates by 21.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,535 shares of the software maker’s stock worth $713,000 after acquiring an additional 455 shares during the period. First Trust Direct Indexing L.P. grew its position in Manhattan Associates by 30.4% in the third quarter. First Trust Direct Indexing L.P. now owns 2,786 shares of the software maker’s stock worth $784,000 after acquiring an additional 649 shares during the period. Oak Ridge Investments LLC purchased a new position in Manhattan Associates in the third quarter worth approximately $408,000. Finally, Hills Bank & Trust Co boosted its position in shares of Manhattan Associates by 107.4% during the third quarter. Hills Bank & Trust Co now owns 1,626 shares of the software maker’s stock worth $458,000 after buying an additional 842 shares during the period. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Manhattan Associates Stock Up 1.0 %

MANH opened at $176.88 on Friday. The business has a 50 day moving average price of $236.56 and a two-hundred day moving average price of $263.75. The company has a market cap of $10.81 billion, a PE ratio of 50.39 and a beta of 1.50. Manhattan Associates, Inc. has a 52 week low of $169.94 and a 52 week high of $312.60.

Analyst Ratings Changes

Several research analysts have recently commented on the company. William Blair upgraded Manhattan Associates from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 13th. Raymond James lowered their price target on Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. Loop Capital lowered their price target on Manhattan Associates from $310.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Piper Sandler restated an “overweight” rating and set a $268.00 price target (down from $326.00) on shares of Manhattan Associates in a research report on Wednesday, January 29th. Finally, DA Davidson lowered their price target on Manhattan Associates from $315.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $273.33.

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.