23,685 Shares in Manhattan Associates, Inc. (NASDAQ:MANH) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new position in Manhattan Associates, Inc. (NASDAQ:MANH) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 23,685 shares of the software maker’s stock, valued at approximately $5,100,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in MANH. Raymond James Financial Services Advisors Inc. increased its stake in Manhattan Associates by 9.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,548 shares of the software maker’s stock valued at $306,000 after buying an additional 129 shares during the last quarter. Forsta AP Fonden purchased a new stake in Manhattan Associates in the 3rd quarter valued at about $2,747,000. Mackenzie Financial Corp increased its stake in Manhattan Associates by 37.2% in the 3rd quarter. Mackenzie Financial Corp now owns 31,324 shares of the software maker’s stock valued at $6,112,000 after buying an additional 8,489 shares during the last quarter. IFM Investors Pty Ltd purchased a new stake in Manhattan Associates in the 3rd quarter valued at about $2,462,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Manhattan Associates by 5.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,684 shares of the software maker’s stock valued at $2,507,000 after buying an additional 712 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Rosenblatt Securities reissued a “neutral” rating and set a $225.00 target price on shares of Manhattan Associates in a research report on Wednesday, April 24th. William Blair reissued a “market perform” rating on shares of Manhattan Associates in a research report on Wednesday, April 24th. Citigroup reduced their target price on shares of Manhattan Associates from $260.00 to $220.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Raymond James increased their target price 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. Finally, DA Davidson raised shares of Manhattan Associates from a “neutral” rating to a “buy” rating and increased their target price for the company from $220.00 to $240.00 in a research report on Thursday, April 25th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $234.86.

Manhattan Associates Trading Down 0.9 %

MANH opened at $214.62 on Thursday. The company has a 50 day moving average of $237.80 and a 200 day moving average of $227.43. The company has a market cap of $13.21 billion, a PE ratio of 70.14 and a beta of 1.45. Manhattan Associates, Inc. has a 12 month low of $167.29 and a 12 month high of $266.94.

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.