Charles Schwab Investment Management Inc. Boosts Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Charles Schwab Investment Management Inc. increased its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 403,889 shares of the software maker’s stock after purchasing an additional 1,735 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.66% of Manhattan Associates worth $109,147,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. purchased a new position in Manhattan Associates in the 4th quarter valued at about $3,890,000. GDS Wealth Management boosted its holdings in Manhattan Associates by 281.4% in the fourth quarter. GDS Wealth Management now owns 6,347 shares of the software maker’s stock valued at $1,715,000 after purchasing an additional 4,683 shares during the last quarter. Oak Thistle LLC acquired a new stake in Manhattan Associates during the 4th quarter valued at approximately $1,326,000. AustralianSuper Pty Ltd increased its holdings in Manhattan Associates by 968.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 232,719 shares of the software maker’s stock worth $62,890,000 after purchasing an additional 210,929 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Manhattan Associates in the 4th quarter valued at approximately $1,200,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Raymond James decreased their price target on shares of Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. DA Davidson dropped their target price on shares of Manhattan Associates from $315.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Truist Financial cut their target price on shares of Manhattan Associates from $310.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Piper Sandler reiterated an “overweight” rating and issued a $268.00 price target (down from $326.00) on shares of Manhattan Associates in a research note on Wednesday, January 29th. Finally, StockNews.com lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $273.33.

Manhattan Associates Trading Up 1.0 %

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 stock has a market cap of $10.44 billion, a price-to-earnings ratio of 48.64 and a beta of 1.47. The company has a 50-day moving average price of $225.75 and a two-hundred day moving average price of $260.81.

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.