US Bancorp DE Sells 252 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

US Bancorp DE decreased its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 3.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 8,256 shares of the software maker’s stock after selling 252 shares during the period. US Bancorp DE’s holdings in Manhattan Associates were worth $2,231,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Ascent Group LLC boosted its holdings in Manhattan Associates by 4.8% in the 3rd quarter. Ascent Group LLC now owns 896 shares of the software maker’s stock worth $252,000 after buying an additional 41 shares during the period. Huntington National Bank boosted its holdings in shares of Manhattan Associates by 5.9% in the third quarter. Huntington National Bank now owns 879 shares of the software maker’s stock worth $247,000 after acquiring an additional 49 shares during the period. Kestra Investment Management LLC grew its position in shares of Manhattan Associates by 2.9% in the fourth quarter. Kestra Investment Management LLC now owns 2,055 shares of the software maker’s stock valued at $555,000 after purchasing an additional 57 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Manhattan Associates by 3.3% during the 3rd quarter. CIBC Asset Management Inc now owns 1,798 shares of the software maker’s stock valued at $506,000 after purchasing an additional 58 shares during the period. Finally, McGlone Suttner Wealth Management Inc. raised its stake in shares of Manhattan Associates by 8.3% during the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 813 shares of the software maker’s stock valued at $220,000 after purchasing an additional 62 shares during the period. Institutional investors own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

MANH has been the topic of several analyst reports. Truist Financial decreased their price target on Manhattan Associates from $310.00 to $285.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. StockNews.com lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Monday, January 13th. DA Davidson lowered their target price on shares of Manhattan Associates from $315.00 to $270.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Loop Capital reduced their price target on shares of Manhattan Associates from $310.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Finally, William Blair upgraded Manhattan Associates from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $273.33.

Manhattan Associates Stock Performance

NASDAQ MANH opened at $170.73 on Friday. Manhattan Associates, Inc. has a 52-week low of $166.31 and a 52-week high of $312.60. The company has a fifty day moving average of $227.84 and a 200-day moving average of $261.40. The company has a market capitalization of $10.44 billion, a P/E ratio of 48.64 and a beta of 1.50.

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.