Zurcher Kantonalbank Zurich Cantonalbank Has $6.16 Million Stock Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 95.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,781 shares of the software maker's stock after purchasing an additional 11,112 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Manhattan Associates were worth $6,156,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC acquired a new position in shares of Manhattan Associates in the fourth quarter worth about $34,000. Synergy Asset Management LLC purchased a new stake in shares of Manhattan Associates in the 4th quarter valued at approximately $35,000. Brooklyn Investment Group acquired a new position in Manhattan Associates in the 3rd quarter worth approximately $58,000. Bank of Jackson Hole Trust purchased a new position in Manhattan Associates during the 4th quarter worth approximately $72,000. Finally, Geneos Wealth Management Inc. raised its stake in Manhattan Associates by 255.2% during the 4th quarter. Geneos Wealth Management Inc. now owns 309 shares of the software maker's stock valued at $84,000 after purchasing an additional 222 shares during the period. Hedge funds and other institutional investors own 98.45% of the company's stock.

Manhattan Associates Trading Down 1.6 %

NASDAQ MANH traded down $2.87 during trading on Tuesday, reaching $172.78. The company's stock had a trading volume of 628,387 shares, compared to its average volume of 500,909. The business has a 50-day moving average price of $213.49 and a 200-day moving average price of $256.88. Manhattan Associates, Inc. has a 1-year low of $163.10 and a 1-year high of $312.60. The stock has a market capitalization of $10.56 billion, a PE ratio of 49.23 and a beta of 1.47.

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Analyst Ratings Changes

MANH has been the subject of several recent analyst reports. Loop Capital decreased their target price on Manhattan Associates from $310.00 to $275.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Truist Financial decreased their price objective on Manhattan Associates from $310.00 to $285.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Citigroup dropped their target price on Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating on the stock in a report on Friday. Robert W. Baird decreased their price target on shares of Manhattan Associates from $282.00 to $225.00 and set an "outperform" rating for the company in a report on Tuesday. Finally, William Blair upgraded shares of Manhattan Associates from a "market perform" rating to an "outperform" rating in a research note on Thursday, February 13th. Three equities research 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.com, Manhattan Associates has an average rating of "Moderate Buy" and a consensus price target of $243.78.

Insider Activity at Manhattan Associates

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $170.83, for a total transaction of $476,274.04. Following the transaction, the chief financial officer now directly owns 101,263 shares of the company's stock, valued at $17,298,758.29. This represents a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.72% of the stock is owned by company insiders.

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.