New York Life Investment Management LLC Grows Stock Position in Manhattan Associates, Inc. (NASDAQ:MANH)

New York Life Investment Management LLC grew its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 6.6% in the 4th quarter, Holdings Channel reports. The fund owned 7,300 shares of the software maker’s stock after acquiring an additional 454 shares during the period. New York Life Investment Management LLC’s holdings in Manhattan Associates were worth $1,572,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its holdings in Manhattan Associates by 9.1% in the fourth quarter. Russell Investments Group Ltd. now owns 59,852 shares of the software maker’s stock worth $12,923,000 after purchasing an additional 4,986 shares during the period. Teachers Retirement System of The State of Kentucky grew its holdings in Manhattan Associates by 59.9% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 21,612 shares of the software maker’s stock worth $4,271,000 after acquiring an additional 8,094 shares during the period. Highland Capital Management LLC bought a new stake in shares of Manhattan Associates in the 4th quarter worth approximately $1,142,000. Redhawk Wealth Advisors Inc. acquired a new stake in Manhattan Associates during the fourth quarter valued at approximately $1,050,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Manhattan Associates during the 4th quarter valued at $2,039,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MANH. William Blair reiterated a “market perform” rating on shares of Manhattan Associates in a research report on Wednesday, April 24th. Truist Financial increased their price target on shares of Manhattan Associates from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Raymond James boosted their price objective on shares of Manhattan Associates from $214.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. DA Davidson raised shares of Manhattan Associates from a “neutral” rating to a “buy” rating and lifted their target price for the company from $220.00 to $240.00 in a research note on Thursday, April 25th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $225.00 price target on shares of Manhattan Associates in a research note on Wednesday, April 24th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Manhattan Associates currently has an average rating of “Moderate Buy” and a consensus target price of $234.86.

Manhattan Associates Trading Up 1.2 %

MANH stock opened at $213.39 on Tuesday. The firm has a market cap of $13.14 billion, a PE ratio of 69.74 and a beta of 1.45. Manhattan Associates, Inc. has a 1 year low of $167.29 and a 1 year high of $266.94. The company has a fifty day simple moving average of $239.26 and a 200 day simple moving average of $227.33.

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.