Chesley Taft & Associates LLC Has $421,000 Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Chesley Taft & Associates LLC lessened its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANHFree Report) by 12.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,684 shares of the software maker’s stock after selling 229 shares during the period. Chesley Taft & Associates LLC’s holdings in Manhattan Associates were worth $421,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. LPL Financial LLC increased its holdings in Manhattan Associates by 82.8% during the 3rd quarter. LPL Financial LLC now owns 32,881 shares of the software maker’s stock worth $6,510,000 after purchasing an additional 14,892 shares in the last quarter. Mariner LLC raised its position in Manhattan Associates by 5.2% in the 3rd quarter. Mariner LLC now owns 7,103 shares of the software maker’s stock valued at $1,404,000 after buying an additional 349 shares during the last quarter. Federated Hermes Inc. lifted its stake in Manhattan Associates by 271.5% in the 3rd quarter. Federated Hermes Inc. now owns 35,415 shares of the software maker’s stock valued at $7,000,000 after acquiring an additional 25,883 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in Manhattan Associates by 295.3% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 13,426 shares of the software maker’s stock worth $2,654,000 after acquiring an additional 10,030 shares during the last quarter. Finally, Trexquant Investment LP grew its stake in shares of Manhattan Associates by 209.3% during the 3rd quarter. Trexquant Investment LP now owns 31,105 shares of the software maker’s stock worth $6,148,000 after acquiring an additional 21,048 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MANH has been the topic of a number of research reports. Rosenblatt Securities reissued a “neutral” rating and issued a $225.00 price objective on shares of Manhattan Associates in a research report on Wednesday, April 24th. StockNews.com downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Monday, May 27th. Redburn Atlantic began coverage on Manhattan Associates in a research report on Tuesday, May 14th. They issued a “buy” rating and a $260.00 target price on the stock. DA Davidson upped their target price on Manhattan Associates from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Finally, Citigroup decreased their price target on Manhattan Associates from $260.00 to $220.00 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $240.50.

Check Out Our Latest Stock Report on Manhattan Associates

Manhattan Associates Price Performance

NASDAQ MANH traded up $9.42 during trading on Thursday, reaching $251.21. 575,469 shares of the company’s stock were exchanged, compared to its average volume of 400,115. The business has a 50 day moving average price of $222.90 and a 200-day moving average price of $230.67. The stock has a market capitalization of $15.47 billion, a P/E ratio of 79.02 and a beta of 1.48. Manhattan Associates, Inc. has a fifty-two week low of $182.97 and a fifty-two week high of $266.94.

Manhattan Associates (NASDAQ:MANHGet Free Report) last posted its earnings results on Tuesday, April 23rd. The software maker reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.23. Manhattan Associates had a return on equity of 85.28% and a net margin of 19.91%. The business had revenue of $254.55 million for the quarter, compared to analyst estimates of $243.32 million. On average, analysts forecast that Manhattan Associates, Inc. will post 2.72 earnings per share for the current year.

Manhattan Associates Profile

(Free Report)

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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Institutional Ownership by Quarter for Manhattan Associates (NASDAQ:MANH)

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