Merit Financial Group LLC Makes New $497,000 Investment in Manhattan Associates, Inc. (NASDAQ:MANH)

Merit Financial Group LLC purchased a new position in Manhattan Associates, Inc. (NASDAQ:MANH) in the fourth quarter, Holdings Channel reports. The fund purchased 2,307 shares of the software maker’s stock, valued at approximately $497,000.

Several other large investors also recently made changes to their positions in MANH. Blue Trust Inc. lifted its holdings in Manhattan Associates by 259.4% in the 4th quarter. Blue Trust Inc. now owns 115 shares of the software maker’s stock worth $25,000 after purchasing an additional 83 shares during the last quarter. Bear Mountain Capital Inc. acquired a new position in Manhattan Associates during the fourth quarter valued at approximately $26,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Manhattan Associates in the fourth quarter valued at approximately $26,000. Lindbrook Capital LLC lifted its stake in shares of Manhattan Associates by 28.8% in the fourth quarter. Lindbrook Capital LLC now owns 206 shares of the software maker’s stock worth $44,000 after buying an additional 46 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Manhattan Associates by 25.9% in the fourth quarter. UMB Bank n.a. now owns 282 shares of the software maker’s stock worth $61,000 after buying an additional 58 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on MANH shares. Raymond James lifted their target price on shares of Manhattan Associates from $214.00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. William Blair reiterated a “market perform” rating on shares of Manhattan Associates in a research note on Wednesday, April 24th. DA Davidson raised Manhattan Associates from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $220.00 to $240.00 in a research report on Thursday, April 25th. Truist Financial raised their target price on Manhattan Associates from $240.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $225.00 price target on shares of Manhattan Associates in a report on Wednesday, April 24th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Manhattan Associates has a consensus rating of “Moderate Buy” and an average target price of $234.86.

Manhattan Associates Stock Up 1.5 %

MANH stock opened at $216.64 on Wednesday. Manhattan Associates, Inc. has a twelve month low of $167.29 and a twelve month high of $266.94. The company has a market cap of $13.34 billion, a PE ratio of 70.80 and a beta of 1.45. The business’s 50-day simple moving average is $238.59 and its 200 day simple moving average is $227.52.

Manhattan Associates Company 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.