Greenwood Capital Associates LLC Has $593,000 Stock Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Greenwood Capital Associates LLC grew its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 28.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,426 shares of the software maker’s stock after acquiring an additional 759 shares during the period. Greenwood Capital Associates LLC’s holdings in Manhattan Associates were worth $593,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MANH. Twin Tree Management LP bought a new stake in Manhattan Associates in the 4th quarter valued at $25,000. Whipplewood Advisors LLC acquired a new position in Manhattan Associates during the fourth quarter worth about $34,000. Park Square Financial Group LLC acquired a new position in Manhattan Associates during the 4th quarter worth approximately $38,000. Transce3nd LLC bought a new position in shares of Manhattan Associates in the 4th quarter valued at $41,000. Finally, Central Pacific Bank Trust Division boosted its stake 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 purchasing an additional 103 shares in 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 analyst reports. Piper Sandler reduced their target price on Manhattan Associates from $268.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. Loop Capital reissued a “hold” rating and set a $170.00 target price (down from $275.00) on shares of Manhattan Associates in a research report on Thursday, April 10th. Citigroup decreased their price target on Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating for the company in a report on Friday, March 14th. DA Davidson increased their price objective on shares of Manhattan Associates from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 21st. Finally, Robert W. Baird set a $212.00 target price on Manhattan Associates and gave the stock an “outperform” rating in a research note on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $208.88.

Manhattan Associates Stock Performance

MANH stock opened at $192.88 on Friday. Manhattan Associates, Inc. has a fifty-two week low of $140.81 and a fifty-two week high of $312.60. The firm has a fifty day moving average price of $179.65 and a 200 day moving average price of $212.60. The firm has a market cap of $11.71 billion, a PE ratio of 54.95 and a beta of 1.08.

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.