American Century Companies Inc. Has $232.15 Million Stake in Manhattan Associates, Inc. (NASDAQ:MANH)

American Century Companies Inc. grew its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 859,054 shares of the software maker's stock after buying an additional 27,774 shares during the quarter. American Century Companies Inc. owned approximately 1.41% of Manhattan Associates worth $232,151,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Twin Tree Management LP bought a new position in shares of Manhattan Associates in the fourth quarter worth $25,000. Whipplewood Advisors LLC acquired a new position in Manhattan Associates during the fourth quarter worth about $34,000. Synergy Asset Management LLC bought a new position in shares of Manhattan Associates in the fourth quarter worth about $35,000. Brooklyn Investment Group acquired a new stake in shares of Manhattan Associates in the 3rd quarter valued at approximately $58,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of Manhattan Associates during the 4th quarter valued at approximately $72,000. 98.45% of the stock is owned by institutional investors.

Insider Activity

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $170.83, for a total value of $476,274.04. Following the transaction, the chief financial officer now owns 101,263 shares in the company, valued at approximately $17,298,758.29. This represents a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.72% of the company's stock.

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Manhattan Associates Price Performance

Shares of Manhattan Associates stock traded down $0.80 on Thursday, hitting $174.82. 358,307 shares of the company's stock traded hands, compared to its average volume of 516,896. The company has a fifty day moving average of $200.18 and a two-hundred day moving average of $252.84. Manhattan Associates, Inc. has a one year low of $163.10 and a one year high of $312.60. The company has a market capitalization of $10.69 billion, a price-to-earnings ratio of 49.81 and a beta of 1.47.

Wall Street Analyst Weigh In

MANH has been the topic of a number of research reports. DA Davidson raised shares of Manhattan Associates to a "strong-buy" rating in a research note on Monday. StockNews.com cut Manhattan Associates from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Citigroup cut their price target on Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Piper Sandler lowered their price objective on Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Finally, Raymond James cut their target price on shares of Manhattan Associates from $305.00 to $270.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $243.78.

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.