Fiera Capital Corp Sells 4,713 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Fiera Capital Corp trimmed its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 207,785 shares of the software maker's stock after selling 4,713 shares during the quarter. Fiera Capital Corp owned about 0.34% of Manhattan Associates worth $56,152,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of MANH. Capital Performance Advisors LLP bought a new position in Manhattan Associates in the 3rd quarter valued at about $34,000. Synergy Asset Management LLC acquired a new stake in Manhattan Associates during the 4th quarter worth approximately $35,000. Ashton Thomas Securities LLC acquired a new stake in Manhattan Associates during the 3rd quarter worth approximately $42,000. Carolina Wealth Advisors LLC acquired a new stake in Manhattan Associates during the 3rd quarter worth approximately $50,000. Finally, Brooklyn Investment Group bought a new position in Manhattan Associates during the 3rd quarter worth approximately $58,000. 98.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MANH has been the subject of several analyst reports. Truist Financial lowered their price target on shares of Manhattan Associates from $310.00 to $285.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Piper Sandler reiterated an "overweight" rating and issued a $268.00 price objective (down previously from $326.00) on shares of Manhattan Associates in a research note on Wednesday, January 29th. DA Davidson lowered their price objective on shares of Manhattan Associates from $315.00 to $270.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Robert W. Baird lifted their price objective on shares of Manhattan Associates from $263.00 to $304.00 and gave the company an "outperform" rating in a research note on Tuesday, October 22nd. Finally, Citigroup lowered their price objective 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. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $273.33.

Manhattan Associates Stock Up 1.5 %

MANH stock traded up $2.83 during midday trading on Friday, reaching $190.41. 857,847 shares of the company's stock traded hands, compared to its average volume of 693,494. The company has a market cap of $11.63 billion, a price-to-earnings ratio of 54.25 and a beta of 1.50. The firm's fifty day moving average price is $259.20 and its 200-day moving average price is $268.28. Manhattan Associates, Inc. has a 52 week low of $169.94 and a 52 week high of $312.60.

Insiders Place Their Bets

In related news, SVP Bruce Richards sold 4,150 shares of the business's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $289.73, for a total value of $1,202,379.50. Following the transaction, the senior vice president now directly owns 22,086 shares of the company's stock, valued at approximately $6,398,976.78. The trade was a 15.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James Stewart Gantt sold 3,475 shares of the company's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $288.10, for a total value of $1,001,147.50. Following the sale, the executive vice president now owns 42,812 shares in the company, valued at approximately $12,334,137.20. This represents a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.72% 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.