Fundsmith Reduces $24M in Manhattan Associates, Inc. ($MANH)
Key Points
- Fundsmith changed its Manhattan Associates, Inc. ($MANH) stake by 58.1% last quarter, cutting to 120,888 shares worth $17.28 million.
- Wall Street's consensus rating on $MANH is Buy and an average price target of $184.00.
- $MANH last traded around $142.92.
Fundsmith reduced its position in Manhattan Associates, Inc. ($MANH) by 58.1% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 120,888 shares of Manhattan Associates, Inc. after selling 167,444 shares during the quarter. Fundsmith's holdings in Manhattan Associates, Inc. were worth $17.28 million as of its most recent filing.
Manhattan Associates, Inc. ($MANH) Stock
Manhattan Associates, Inc. Earnings
Analysts Set New Price Targets
About Manhattan Associates, Inc.
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, call center, POS, and customer engagement tools for enterprises and stores. The company also provides demand forecasting and replenishment, allocation, and unified business planning; technology platform including Manhattan Active Platform solutions, a cloud-native product designed to provide version-less product access; maintenance services, which offers on-premises software licensees with software upgrades for additional or improved functionality and technological advances; and professional services, such as solutions planning and implementation, and related consulting services. In addition, it provides training and change management services; and resells computer hardware, radio frequency terminal networks, radio frequency identification chip readers, bar code printers and scanners, and other peripherals. The company offers products through direct sales personnel and partnership agreements with various organizations. It serves retail, consumer goods, food and grocery, logistics service providers, industrial and wholesale, high technology and electronics, life sciences, and government industries. The company operates in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Manhattan Associates, Inc. was founded in 1990 and is headquartered in Atlanta, Georgia.
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