Xponance Inc. Sells 941 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Xponance Inc. lowered its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 5.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 16,154 shares of the software maker’s stock after selling 941 shares during the quarter. Xponance Inc.’s holdings in Manhattan Associates were worth $2,795,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. BOKF NA increased its position in shares of Manhattan Associates by 0.4% during the 4th quarter. BOKF NA now owns 13,271 shares of the software maker’s stock valued at $3,522,000 after purchasing an additional 55 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in Manhattan Associates by 2.6% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,510 shares of the software maker’s stock valued at $678,000 after acquiring an additional 63 shares during the last quarter. Linden Thomas Advisory Services LLC grew its position in Manhattan Associates by 1.1% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 6,552 shares of the software maker’s stock valued at $1,134,000 after acquiring an additional 73 shares during the last quarter. Seeds Investor LLC grew its position in Manhattan Associates by 5.0% in the 4th quarter. Seeds Investor LLC now owns 1,556 shares of the software maker’s stock valued at $420,000 after acquiring an additional 74 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in Manhattan Associates by 14.6% in the 1st quarter. Fifth Third Bancorp now owns 691 shares of the software maker’s stock valued at $120,000 after acquiring an additional 88 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Trading Up 0.9%

Shares of MANH stock opened at $197.85 on Tuesday. Manhattan Associates, Inc. has a twelve month low of $140.81 and a twelve month high of $312.60. The stock has a market capitalization of $12.01 billion, a price-to-earnings ratio of 56.53 and a beta of 1.08. The stock has a fifty day simple moving average of $192.02 and a two-hundred day simple moving average of $197.34.

Wall Street Analysts Forecast Growth

MANH has been the topic of several research analyst reports. Loop Capital reaffirmed a “hold” rating and issued a $170.00 price objective (down previously from $275.00) on shares of Manhattan Associates in a research report on Thursday, April 10th. Morgan Stanley initiated coverage on Manhattan Associates in a research report on Monday. They issued an “underweight” rating and a $190.00 price objective on the stock. Truist Financial upped their price objective on Manhattan Associates from $190.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, May 22nd. DA Davidson upped their price objective on Manhattan Associates from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 21st. Finally, Redburn Atlantic downgraded Manhattan Associates from a “buy” rating to a “neutral” rating and cut their price objective for the company from $270.00 to $200.00 in a research report on Tuesday, June 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $206.78.

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.