Vanguard Personalized Indexing Management LLC raised its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH – Free Report) by 8.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,776 shares of the software maker’s stock after purchasing an additional 767 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Manhattan Associates were worth $2,411,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of MANH. Tobam purchased a new stake in Manhattan Associates in the 1st quarter worth about $25,000. Innealta Capital LLC purchased a new stake in shares of Manhattan Associates in the second quarter worth approximately $26,000. Benjamin Edwards Inc. acquired a new stake in shares of Manhattan Associates during the first quarter worth approximately $27,000. International Assets Investment Management LLC purchased a new position in Manhattan Associates during the second quarter valued at approximately $27,000. Finally, Contravisory Investment Management Inc. acquired a new position in Manhattan Associates in the 1st quarter valued at approximately $31,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.
Manhattan Associates Stock Performance
MANH opened at $275.94 on Friday. The firm has a market cap of $16.99 billion, a P/E ratio of 90.18 and a beta of 1.50. The business has a 50 day moving average price of $252.26 and a 200 day moving average price of $240.39. Manhattan Associates, Inc. has a twelve month low of $182.97 and a twelve month high of $278.08.
Insider Buying and Selling
In other Manhattan Associates news, EVP James Stewart Gantt sold 6,000 shares of Manhattan Associates stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $256.50, for a total value of $1,539,000.00. Following the transaction, the executive vice president now directly owns 46,287 shares of the company’s stock, valued at approximately $11,872,615.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.72% of the stock is owned by insiders.
Wall Street Analyst Weigh In
MANH has been the subject of a number of research reports. DA Davidson lifted their target price on shares of Manhattan Associates from $260.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Citigroup raised their price target on Manhattan Associates from $220.00 to $257.00 and gave the stock a “neutral” rating in a research note on Friday, June 28th. StockNews.com cut Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Loop Capital raised their price objective on shares of Manhattan Associates from $265.00 to $285.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Four equities 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.29.
View Our Latest Report on Manhattan Associates
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.
Recommended Stories
- Five stocks we like better than Manhattan Associates
- 3 Monster Growth Stocks to Buy Now
- Analysts Predict 85% Upside for Wave Life Sciences After Rate Cut
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- FedEx Stock Dips: Another Reason to Fear Recession Is Near
- The Risks of Owning Bonds
- The Half-Penny Revolution: Will SEC’s Reform Benefit Investors?
Want to see what other hedge funds are holding MANH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Manhattan Associates, Inc. (NASDAQ:MANH – Free Report).
Receive News & Ratings for Manhattan Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manhattan Associates and related companies with MarketBeat.com's FREE daily email newsletter.