International Assets Investment Management LLC Takes Position in Manhattan Associates, Inc. (NASDAQ:MANH)

International Assets Investment Management LLC acquired a new stake in Manhattan Associates, Inc. (NASDAQ:MANH) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 23,685 shares of the software maker’s stock, valued at approximately $5,100,000.

Other hedge funds also recently modified their holdings of the company. Meeder Asset Management Inc. bought a new position in Manhattan Associates during the fourth quarter worth about $2,039,000. Nisa Investment Advisors LLC grew its holdings in Manhattan Associates by 0.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 16,426 shares of the software maker’s stock worth $3,537,000 after purchasing an additional 132 shares during the period. Asset Management One Co. Ltd. grew its holdings in Manhattan Associates by 2.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 77,873 shares of the software maker’s stock worth $16,866,000 after purchasing an additional 1,507 shares during the period. Trust Point Inc. bought a new position in Manhattan Associates during the fourth quarter worth about $290,000. Finally, UMB Bank n.a. grew its holdings in Manhattan Associates by 25.9% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the software maker’s stock worth $61,000 after purchasing an additional 58 shares during the period. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Trading Down 0.9 %

NASDAQ MANH opened at $214.62 on Thursday. Manhattan Associates, Inc. has a 1-year low of $167.29 and a 1-year high of $266.94. The company has a 50 day moving average of $237.80 and a 200-day moving average of $227.43. The company has a market cap of $13.21 billion, a price-to-earnings ratio of 70.14 and a beta of 1.45.

Analyst Ratings Changes

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

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.