Manhattan Associates, Inc. (NASDAQ:MANH) Shares Purchased by Qtron Investments LLC

Qtron Investments LLC raised its position in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 256.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,167 shares of the software maker's stock after buying an additional 2,278 shares during the quarter. Qtron Investments LLC's holdings in Manhattan Associates were worth $856,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the business. Metis Global Partners LLC increased its position in Manhattan Associates by 7.0% during the 4th quarter. Metis Global Partners LLC now owns 837 shares of the software maker's stock worth $226,000 after purchasing an additional 55 shares during the period. Kestra Investment Management LLC grew its position in shares of Manhattan Associates by 2.9% in the fourth quarter. Kestra Investment Management LLC now owns 2,055 shares of the software maker's stock valued at $555,000 after purchasing an additional 57 shares during the period. McGlone Suttner Wealth Management Inc. increased its stake in Manhattan Associates by 8.3% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 813 shares of the software maker's stock valued at $220,000 after purchasing an additional 62 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position in Manhattan Associates by 2.6% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,510 shares of the software maker's stock worth $678,000 after buying an additional 63 shares during the period. Finally, Kathmere Capital Management LLC boosted its stake in Manhattan Associates by 7.8% in the 4th quarter. Kathmere Capital Management LLC now owns 939 shares of the software maker's stock worth $254,000 after buying an additional 68 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

Analysts Set New Price Targets

MANH has been the topic of several recent analyst reports. DA Davidson cut their price objective on shares of Manhattan Associates from $270.00 to $195.00 and set a "buy" rating on the stock in a report on Monday. Piper Sandler decreased their price target on shares of Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. Robert W. Baird dropped their price objective on Manhattan Associates from $282.00 to $225.00 and set an "outperform" rating for the company in a report on Tuesday, March 18th. Loop Capital reiterated a "hold" rating and issued a $170.00 target price (down previously from $275.00) on shares of Manhattan Associates in a report on Thursday, April 10th. Finally, Citigroup dropped their price target on Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $212.67.

Insider Buying and Selling

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $170.83, for a total value of $476,274.04. Following the transaction, the chief financial officer now directly owns 101,263 shares of the company's stock, valued at $17,298,758.29. This represents a 2.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.72% of the stock is currently owned by insiders.

Manhattan Associates Trading Up 1.5 %

NASDAQ:MANH traded up $2.48 during trading hours on Friday, hitting $163.57. The stock had a trading volume of 643,555 shares, compared to its average volume of 562,696. The business has a 50 day simple moving average of $171.37 and a two-hundred day simple moving average of $239.37. Manhattan Associates, Inc. has a 1-year low of $140.81 and a 1-year high of $312.60. The company has a market cap of $9.93 billion, a PE ratio of 46.60 and a beta of 1.36.

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.