Manhattan Associates, Inc. (NASDAQ:MANH) Shares Purchased by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 15.8% in the 4th quarter, HoldingsChannel reports. The firm owned 51,868 shares of the software maker’s stock after purchasing an additional 7,073 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Manhattan Associates were worth $14,188,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Haven Private LLC acquired a new position in shares of Manhattan Associates during the 4th quarter worth about $462,000. Prescott Group Capital Management L.L.C. acquired a new position in shares of Manhattan Associates during the 4th quarter worth about $1,081,000. Callan Family Office LLC acquired a new position in shares of Manhattan Associates during the 4th quarter worth about $626,000. Vestmark Advisory Solutions Inc. boosted its position in shares of Manhattan Associates by 1.8% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 9,641 shares of the software maker’s stock worth $2,605,000 after acquiring an additional 175 shares in the last quarter. Finally, Inceptionr LLC acquired a new position in shares of Manhattan Associates during the 4th quarter worth about $1,100,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Truist Financial decreased their target price on Manhattan Associates from $310.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Loop Capital decreased their target price 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. William Blair raised Manhattan Associates from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 13th. DA Davidson decreased their target price 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. Finally, StockNews.com cut Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $273.33.

Manhattan Associates Trading Up 1.0 %

Shares of MANH stock opened at $170.73 on Friday. The company has a market cap of $10.44 billion, a price-to-earnings ratio of 48.64 and a beta of 1.47. The stock has a 50 day simple moving average of $225.75 and a 200-day simple moving average of $260.81. Manhattan Associates, Inc. has a 12-month low of $166.31 and a 12-month high of $312.60.

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.