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

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 33.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,581 shares of the software maker’s stock after purchasing an additional 2,637 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Manhattan Associates were worth $2,278,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of MANH. Blue Trust Inc. grew its stake in shares of Manhattan Associates by 259.4% during the 4th quarter. Blue Trust Inc. now owns 115 shares of the software maker’s stock valued at $25,000 after buying an additional 83 shares during the period. Bear Mountain Capital Inc. acquired a new stake in Manhattan Associates during the fourth quarter worth about $26,000. UMB Bank n.a. increased its stake in Manhattan Associates by 474.4% during the third quarter. UMB Bank n.a. now owns 224 shares of the software maker’s stock worth $44,000 after acquiring an additional 185 shares during the last quarter. Raleigh Capital Management Inc. raised its holdings in shares of Manhattan Associates by 19.3% in the 3rd quarter. Raleigh Capital Management Inc. now owns 395 shares of the software maker’s stock worth $78,000 after purchasing an additional 64 shares during the period. Finally, USA Financial Formulas acquired a new position in shares of Manhattan Associates in the 3rd quarter valued at about $101,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on MANH shares. Citigroup assumed coverage on shares of Manhattan Associates in a report on Wednesday, March 13th. They issued a “neutral” rating and a $260.00 price target on the stock. Rosenblatt Securities reissued a “neutral” rating and issued a $225.00 target price on shares of Manhattan Associates in a research note on Monday, April 15th. Raymond James upped their price target on shares of Manhattan Associates from $214.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Finally, Truist Financial raised their price objective on Manhattan Associates from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. 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 a consensus target price of $231.29.

Manhattan Associates Stock Up 1.0 %

Shares of NASDAQ:MANH opened at $230.63 on Wednesday. The company has a 50 day moving average of $245.97 and a two-hundred day moving average of $227.06. Manhattan Associates, Inc. has a 52-week low of $152.32 and a 52-week high of $266.94. The company has a market capitalization of $14.20 billion, a price-to-earnings ratio of 81.78 and a beta of 1.44.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings results on Tuesday, January 30th. The software maker reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.23. Manhattan Associates had a net margin of 19.01% and a return on equity of 84.08%. The business had revenue of $238.26 million during the quarter, compared to analyst estimates of $223.99 million. On average, equities analysts anticipate that Manhattan Associates, Inc. will post 2.78 earnings per share for the current year.

Insider Activity

In related news, EVP James Stewart Gantt sold 680 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $248.84, for a total value of $169,211.20. Following the transaction, the executive vice president now owns 57,093 shares in the company, valued at $14,207,022.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Eddie Capel sold 10,897 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $247.73, for a total transaction of $2,699,513.81. Following the completion of the transaction, the chief executive officer now directly owns 242,153 shares in the company, valued at approximately $59,988,562.69. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP James Stewart Gantt sold 680 shares of Manhattan Associates stock in a transaction 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 completion of the sale, the executive vice president now owns 57,093 shares of the company’s stock, valued at approximately $14,207,022.12. 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.