Manhattan Associates, Inc. (NASDAQ:MANH) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 33.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,581 shares of the software maker’s stock after purchasing an additional 2,637 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Manhattan Associates were worth $2,278,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC raised its position in Manhattan Associates by 22.0% in the third quarter. CWM LLC now owns 997 shares of the software maker’s stock valued at $197,000 after purchasing an additional 180 shares during the period. AE Wealth Management LLC increased its stake in Manhattan Associates by 119.8% during the third quarter. AE Wealth Management LLC now owns 3,271 shares of the software maker’s stock worth $647,000 after purchasing an additional 1,783 shares during the period. IFP Advisors Inc lifted its position in shares of Manhattan Associates by 6.4% during the third quarter. IFP Advisors Inc now owns 1,250 shares of the software maker’s stock worth $247,000 after purchasing an additional 75 shares in the last quarter. Ritholtz Wealth Management purchased a new position in shares of Manhattan Associates in the third quarter valued at approximately $245,000. Finally, Global Retirement Partners LLC grew its holdings in shares of Manhattan Associates by 59.2% in the third quarter. Global Retirement Partners LLC now owns 581 shares of the software maker’s stock valued at $116,000 after purchasing an additional 216 shares in the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MANH shares. Raymond James increased 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. Rosenblatt Securities reissued a “neutral” rating and set a $225.00 target price on shares of Manhattan Associates in a research note on Monday, April 15th. Truist Financial upped their price target on Manhattan Associates from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Finally, Citigroup initiated coverage on Manhattan Associates in a research report on Wednesday, March 13th. They set a “neutral” rating and a $260.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $231.29.

Manhattan Associates Price Performance

Manhattan Associates stock opened at $230.63 on Wednesday. The stock’s fifty day moving average is $245.97 and its two-hundred day moving average is $227.06. The stock has a market cap of $14.20 billion, a PE ratio of 81.78 and a beta of 1.44. Manhattan Associates, Inc. has a 1-year low of $152.32 and a 1-year high of $266.94.

Manhattan Associates (NASDAQ:MANH) last posted its earnings results on Tuesday, January 30th. The software maker reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.23. The firm had revenue of $238.26 million during the quarter, compared to analysts’ expectations of $223.99 million. Manhattan Associates had a return on equity of 84.08% and a net margin of 19.01%. On average, research analysts expect that Manhattan Associates, Inc. will post 2.78 earnings per share for the current fiscal year.

Insider Transactions at Manhattan Associates

In related news, EVP James Stewart Gantt sold 680 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $248.84, for a total value of $169,211.20. Following the transaction, the executive vice president now directly owns 57,093 shares of the company’s stock, valued at approximately $14,207,022.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP James Stewart Gantt sold 680 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $248.84, for a total transaction of $169,211.20. Following the transaction, the executive vice president now owns 57,093 shares in the company, valued at approximately $14,207,022.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Eddie Capel sold 10,897 shares of Manhattan Associates stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $247.73, for a total value of $2,699,513.81. Following the transaction, the chief executive officer now directly owns 242,153 shares in the company, valued at approximately $59,988,562.69. The disclosure for this sale can be found here. Insiders own 0.85% of the company’s stock.

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.