Universal Beteiligungs und Servicegesellschaft mbH Has $7.78 Million Stake in Manhattan Associates, Inc. $MANH

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 40.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,951 shares of the software maker’s stock after purchasing an additional 10,923 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of Manhattan Associates worth $7,779,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC boosted its position in shares of Manhattan Associates by 907.7% during the second quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker’s stock worth $26,000 after buying an additional 118 shares during the period. Eastern Bank bought a new stake in Manhattan Associates in the 3rd quarter valued at approximately $30,000. Hantz Financial Services Inc. lifted its stake in Manhattan Associates by 1,000.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 308 shares of the software maker’s stock valued at $61,000 after acquiring an additional 280 shares in the last quarter. Allworth Financial LP boosted its position in Manhattan Associates by 127.7% during the 2nd quarter. Allworth Financial LP now owns 435 shares of the software maker’s stock worth $86,000 after acquiring an additional 244 shares during the last quarter. Finally, Employees Retirement System of Texas bought a new position in shares of Manhattan Associates during the 2nd quarter worth approximately $99,000. Institutional investors own 98.45% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Raymond James Financial cut their price objective on shares of Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 22nd. Truist Financial set a $240.00 price target on shares of Manhattan Associates in a research report on Thursday, January 15th. Barclays decreased their price objective on Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating for the company in a report on Monday, January 12th. UBS Group set a $240.00 target price on Manhattan Associates in a report on Wednesday, October 22nd. Finally, Stifel Nicolaus reduced their price target on Manhattan Associates from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $219.58.

Manhattan Associates Stock Performance

Shares of MANH stock opened at $174.02 on Monday. Manhattan Associates, Inc. has a 52-week low of $140.81 and a 52-week high of $299.27. The stock has a market cap of $10.49 billion, a price-to-earnings ratio of 49.58 and a beta of 1.02. The firm’s 50-day moving average is $173.77 and its 200-day moving average is $193.78.

About Manhattan Associates

Manhattan Associates, Inc (NASDAQ: MANH) is a provider of supply chain and omnichannel commerce software solutions designed to optimize the flow of goods, information and funds across enterprise operations. Its flagship offerings include warehouse management, transportation management, order management and omnichannel fulfillment applications. These solutions are delivered through a cloud-native platform called Manhattan Active, which enables retailers, manufacturers, carriers and third-party logistics providers to orchestrate inventory, manage distribution and improve customer service in real time.

Key product areas include Manhattan Active Warehouse Management, which automates and optimizes warehouse operations from receiving through shipping; Manhattan Active Transportation Management, supporting carrier selection, routing and freight payment; and Manhattan Active Omni, which unifies order capture, inventory visibility and fulfillment across stores, distribution centers and e-commerce channels.