Chesley Taft & Associates LLC Has $312,000 Stock Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Chesley Taft & Associates LLC lessened its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 9.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,803 shares of the software maker’s stock after selling 197 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Manhattan Associates were worth $312,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. AustralianSuper Pty Ltd increased its stake in shares of Manhattan Associates by 968.0% in the fourth quarter. AustralianSuper Pty Ltd now owns 232,719 shares of the software maker’s stock valued at $62,890,000 after buying an additional 210,929 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Manhattan Associates during the fourth quarter valued at $1,200,000. Dock Street Asset Management Inc. raised its position in shares of Manhattan Associates by 6.1% in the 4th quarter. Dock Street Asset Management Inc. now owns 72,031 shares of the software maker’s stock worth $19,466,000 after acquiring an additional 4,137 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Manhattan Associates by 213.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,009,913 shares of the software maker’s stock valued at $284,169,000 after purchasing an additional 687,933 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in shares of Manhattan Associates by 3.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 438,760 shares of the software maker’s stock valued at $118,974,000 after purchasing an additional 15,851 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MANH shares. William Blair raised shares of Manhattan Associates from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 13th. Truist Financial increased their target price on Manhattan Associates from $190.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, May 22nd. Loop Capital restated a “hold” rating and set a $170.00 price target (down previously from $275.00) on shares of Manhattan Associates in a research note on Thursday, April 10th. DA Davidson raised 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, Citigroup reduced their price objective on shares of Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $210.14.

Manhattan Associates Stock Performance

Shares of MANH stock opened at $192.78 on Friday. The firm has a market cap of $11.70 billion, a price-to-earnings ratio of 54.92 and a beta of 1.08. Manhattan Associates, Inc. has a 52 week low of $140.81 and a 52 week high of $312.60. The firm’s 50-day simple moving average is $177.05 and its two-hundred day simple moving average is $214.98.

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.