Zions Bancorporation N.A. Grows Stock Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Zions Bancorporation N.A. raised its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 16.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,027 shares of the software maker's stock after acquiring an additional 1,408 shares during the quarter. Zions Bancorporation N.A.'s holdings in Manhattan Associates were worth $2,710,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Twin Tree Management LP bought a new stake in shares of Manhattan Associates during the fourth quarter valued at approximately $25,000. Whipplewood Advisors LLC bought a new stake in shares of Manhattan Associates during the 4th quarter valued at $34,000. Synergy Asset Management LLC purchased a new stake in shares of Manhattan Associates in the 4th quarter worth about $35,000. Brooklyn Investment Group bought a new position in shares of Manhattan Associates in the 3rd quarter worth about $58,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of Manhattan Associates in the 4th quarter worth about $72,000. Institutional investors own 98.45% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Piper Sandler cut their price objective on shares of Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. Truist Financial reduced their price objective on shares of Manhattan Associates from $310.00 to $285.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. DA Davidson upgraded shares of Manhattan Associates to a "strong-buy" rating in a report on Monday. StockNews.com lowered shares of Manhattan Associates from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Finally, Raymond James decreased their price objective on Manhattan Associates from $305.00 to $270.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Manhattan Associates presently has a consensus rating of "Moderate Buy" and a consensus target price of $243.78.

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Manhattan Associates Stock Down 0.8 %

MANH stock traded down $1.34 during midday trading on Friday, hitting $173.48. The company's stock had a trading volume of 656,432 shares, compared to its average volume of 529,360. Manhattan Associates, Inc. has a 12 month low of $163.10 and a 12 month high of $312.60. The company has a 50 day moving average of $198.17 and a two-hundred day moving average of $252.30. The firm has a market capitalization of $10.60 billion, a price-to-earnings ratio of 49.42 and a beta of 1.47.

Insider Activity at Manhattan Associates

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

Manhattan Associates 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.