GW&K Investment Management LLC Sells 80,806 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

GW&K Investment Management LLC lessened its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 20.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 309,751 shares of the software maker’s stock after selling 80,806 shares during the quarter. Manhattan Associates comprises 0.7% of GW&K Investment Management LLC’s portfolio, making the stock its 26th biggest holding. GW&K Investment Management LLC owned 0.51% of Manhattan Associates worth $83,707,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MANH. Capital Performance Advisors LLP purchased a new position in shares of Manhattan Associates in the third quarter worth $34,000. Whipplewood Advisors LLC bought a new stake in Manhattan Associates in the 4th quarter valued at $34,000. Synergy Asset Management LLC purchased a new stake in Manhattan Associates in the 4th quarter worth $35,000. Ashton Thomas Securities LLC bought a new position in shares of Manhattan Associates during the 3rd quarter valued at about $42,000. Finally, Brooklyn Investment Group purchased a new position in shares of Manhattan Associates during the third quarter valued at about $58,000. 98.45% of the stock is currently owned by institutional investors.

Manhattan Associates Price Performance

Shares of NASDAQ MANH opened at $175.20 on Friday. Manhattan Associates, Inc. has a 1 year low of $169.94 and a 1 year high of $312.60. The company has a market capitalization of $10.71 billion, a P/E ratio of 49.91 and a beta of 1.50. The company has a 50 day simple moving average of $238.63 and a 200-day simple moving average of $264.15.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. William Blair raised Manhattan Associates from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 13th. Raymond James reduced their price objective on Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. Piper Sandler restated an “overweight” rating and set a $268.00 price target (down previously from $326.00) on shares of Manhattan Associates in a report on Wednesday, January 29th. Citigroup dropped their price target on shares of Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Finally, StockNews.com cut Manhattan Associates from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $273.33.

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.