First Citizens Bank & Trust Co. Has $440,000 Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

First Citizens Bank & Trust Co. grew its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 71.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,628 shares of the software maker’s stock after buying an additional 677 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Manhattan Associates were worth $440,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of Montreal Can boosted its holdings in Manhattan Associates by 7.5% during the second quarter. Bank of Montreal Can now owns 19,594 shares of the software maker’s stock worth $4,845,000 after purchasing an additional 1,359 shares during the last quarter. Toronto Dominion Bank boosted its holdings in Manhattan Associates by 2.1% during the second quarter. Toronto Dominion Bank now owns 5,992 shares of the software maker’s stock worth $1,478,000 after purchasing an additional 121 shares during the last quarter. APG Asset Management N.V. boosted its holdings in Manhattan Associates by 19.0% during the second quarter. APG Asset Management N.V. now owns 31,543 shares of the software maker’s stock worth $7,260,000 after purchasing an additional 5,027 shares during the last quarter. MBB Public Markets I LLC acquired a new position in Manhattan Associates during the second quarter worth $1,121,000. Finally, Mackenzie Financial Corp boosted its holdings in Manhattan Associates by 4.9% during the second quarter. Mackenzie Financial Corp now owns 35,860 shares of the software maker’s stock worth $8,846,000 after purchasing an additional 1,676 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates news, EVP James Stewart Gantt sold 3,475 shares of the firm’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 transaction, the executive vice president now directly owns 42,812 shares of the company’s stock, valued at $12,334,137.20. This trade represents a 7.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Bruce Richards sold 4,150 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $289.73, for a total transaction of $1,202,379.50. Following the completion of the sale, the senior vice president now owns 22,086 shares in the company, valued at approximately $6,398,976.78. The trade was a 15.82 % 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 Stock Performance

NASDAQ:MANH opened at $288.23 on Tuesday. Manhattan Associates, Inc. has a 52 week low of $205.12 and a 52 week high of $312.60. The firm has a market cap of $17.61 billion, a price-to-earnings ratio of 81.88 and a beta of 1.52. The firm’s 50-day simple moving average is $282.68 and its 200 day simple moving average is $271.91.

Wall Street Analyst Weigh In

Several research analysts recently commented on MANH shares. Raymond James increased their target price on shares of Manhattan Associates from $255.00 to $305.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Truist Financial increased their price target on shares of Manhattan Associates from $275.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Robert W. Baird increased their price target 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. Piper Sandler assumed coverage on shares of Manhattan Associates in a research note on Monday, November 25th. They issued an “overweight” rating and a $326.00 price target for the company. Finally, Citigroup cut their price target 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. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $292.56.

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.