UMB Bank n.a. Purchases 287 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

UMB Bank n.a. boosted its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 90.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 603 shares of the software maker’s stock after buying an additional 287 shares during the period. UMB Bank n.a.’s holdings in Manhattan Associates were worth $104,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Twin Tree Management LP purchased a new stake in shares of Manhattan Associates during the fourth quarter worth about $25,000. Whipplewood Advisors LLC purchased a new stake in Manhattan Associates during the 4th quarter valued at approximately $34,000. Central Pacific Bank Trust Division raised its position in shares of Manhattan Associates by 107.3% during the first quarter. Central Pacific Bank Trust Division now owns 199 shares of the software maker’s stock valued at $34,000 after buying an additional 103 shares during the last quarter. Park Square Financial Group LLC purchased a new position in shares of Manhattan Associates in the fourth quarter worth $38,000. Finally, Transce3nd LLC purchased a new position in shares of Manhattan Associates in the fourth quarter worth $41,000. 98.45% of the stock is owned by institutional investors.

Manhattan Associates Stock Performance

Shares of Manhattan Associates stock opened at $192.88 on Friday. The stock has a market cap of $11.71 billion, a price-to-earnings ratio of 54.95 and a beta of 1.08. The stock has a 50 day moving average price of $179.65 and a 200-day moving average price of $212.60. Manhattan Associates, Inc. has a one year low of $140.81 and a one year high of $312.60.

Analysts Set New Price Targets

A number of analysts have issued reports on MANH shares. Robert W. Baird set a $212.00 price target on shares of Manhattan Associates and gave the company an “outperform” rating in a report on Wednesday, May 21st. Citigroup cut their price objective on Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Truist Financial boosted their target price on Manhattan Associates from $190.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, May 22nd. Redburn Atlantic lowered Manhattan Associates from a “buy” rating to a “neutral” rating and dropped their price target for the company from $270.00 to $200.00 in a research note on Tuesday. Finally, DA Davidson raised their price target on Manhattan Associates from $200.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $208.88.

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.