Vestmark Advisory Solutions Inc. Increases Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Vestmark Advisory Solutions Inc. increased its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,641 shares of the software maker’s stock after purchasing an additional 175 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Manhattan Associates were worth $2,605,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Capital Performance Advisors LLP purchased a new position in Manhattan Associates during the 3rd quarter valued at about $34,000. Whipplewood Advisors LLC purchased a new position in Manhattan Associates during the 4th quarter valued at about $34,000. Synergy Asset Management LLC purchased a new position in Manhattan Associates during the 4th quarter valued at about $35,000. Ashton Thomas Securities LLC purchased a new position in Manhattan Associates during the 3rd quarter valued at about $42,000. Finally, Brooklyn Investment Group purchased a new position in Manhattan Associates during the 3rd quarter valued at about $58,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

MANH opened at $169.06 on Friday. The company’s 50 day simple moving average is $230.05 and its 200 day simple moving average is $262.05. Manhattan Associates, Inc. has a 1 year low of $167.79 and a 1 year high of $312.60. The stock has a market capitalization of $10.33 billion, a PE ratio of 48.17 and a beta of 1.50.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. StockNews.com downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Citigroup dropped their target price on shares of Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating for the company in a report on Monday, January 27th. DA Davidson dropped their target price on shares of Manhattan Associates from $315.00 to $270.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Raymond James decreased their price target on shares of Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. Finally, Loop Capital decreased their price target on shares of Manhattan Associates from $310.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Manhattan Associates has an average rating of “Moderate Buy” and an average target price of $273.33.

Manhattan Associates Company 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.