Inscription Capital LLC acquired a new position in Manhattan Associates, Inc. (NASDAQ:MANH – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 871 shares of the software maker’s stock, valued at approximately $245,000.
Several other large investors also recently bought and sold shares of MANH. GAMMA Investing LLC increased its position in shares of Manhattan Associates by 47.5% during the third quarter. GAMMA Investing LLC now owns 1,186 shares of the software maker’s stock worth $334,000 after purchasing an additional 382 shares in the last quarter. Boston Trust Walden Corp raised its position in shares of Manhattan Associates by 3.3% in the second quarter. Boston Trust Walden Corp now owns 109,542 shares of the software maker’s stock valued at $27,022,000 after buying an additional 3,525 shares during the last quarter. Mediolanum International Funds Ltd raised its position in shares of Manhattan Associates by 602.0% in the third quarter. Mediolanum International Funds Ltd now owns 20,042 shares of the software maker’s stock valued at $5,607,000 after buying an additional 17,187 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Manhattan Associates in the first quarter worth about $2,407,000. Finally, SG Americas Securities LLC boosted its position in Manhattan Associates by 399.7% during the first quarter. SG Americas Securities LLC now owns 13,417 shares of the software maker’s stock worth $3,357,000 after acquiring an additional 10,732 shares during the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.
Manhattan Associates Stock Performance
Shares of MANH stock opened at $275.39 on Tuesday. Manhattan Associates, Inc. has a one year low of $186.77 and a one year high of $307.50. The firm’s 50 day moving average price is $275.26 and its 200-day moving average price is $247.35. The firm has a market cap of $16.96 billion, a P/E ratio of 90.00 and a beta of 1.50.
Wall Street Analyst Weigh In
A number of analysts have commented on the stock. Robert W. Baird increased their price objective on shares of Manhattan Associates from $263.00 to $304.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Citigroup lifted their price objective on Manhattan Associates from $257.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Truist Financial upped their target price on Manhattan Associates from $275.00 to $310.00 and gave the company a “buy” rating in a report on Friday, October 11th. StockNews.com lowered Manhattan Associates from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Loop Capital upped their price objective on shares of Manhattan Associates from $265.00 to $285.00 and gave the company a “buy” rating in a report on Monday, September 16th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Manhattan Associates presently has a consensus rating of “Moderate Buy” and a consensus target price of $286.38.
Check Out Our Latest Analysis on MANH
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.
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