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

Fiera Capital Corp decreased its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 2.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 207,785 shares of the software maker’s stock after selling 4,713 shares during the period. Fiera Capital Corp’s holdings in Manhattan Associates were worth $56,152,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Moloney Securities Asset Management LLC purchased a new position in Manhattan Associates during the fourth quarter worth $257,000. Dock Street Asset Management Inc. lifted its holdings in shares of Manhattan Associates by 6.1% in the 4th quarter. Dock Street Asset Management Inc. now owns 72,031 shares of the software maker’s stock worth $19,466,000 after acquiring an additional 4,137 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Manhattan Associates by 31.0% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,430 shares of the software maker’s stock worth $1,738,000 after purchasing an additional 1,520 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in Manhattan Associates by 275.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 486,750 shares of the software maker’s stock valued at $131,539,000 after purchasing an additional 357,172 shares during the last quarter. Finally, Silver Oak Securities Incorporated grew its holdings in Manhattan Associates by 19.9% during the 4th quarter. Silver Oak Securities Incorporated now owns 2,695 shares of the software maker’s stock valued at $731,000 after purchasing an additional 448 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MANH. StockNews.com lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. DA Davidson decreased their price target on Manhattan Associates from $315.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Truist Financial cut their price objective on Manhattan Associates from $310.00 to $285.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. 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. Finally, Raymond James cut their price target on shares of Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Manhattan Associates currently has an average rating of “Moderate Buy” and a consensus target price of $273.33.

Manhattan Associates Trading Up 2.0 %

Shares of Manhattan Associates stock opened at $181.95 on Thursday. The stock’s fifty day moving average price is $263.75 and its 200-day moving average price is $269.21. The firm has a market cap of $11.11 billion, a P/E ratio of 51.84 and a beta of 1.50. Manhattan Associates, Inc. has a 12 month low of $169.94 and a 12 month high of $312.60.

Insiders Place Their Bets

In related news, EVP James Stewart Gantt sold 3,475 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 42,812 shares of the company’s stock, valued at $12,334,137.20. The trade was a 7.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Bruce Richards sold 4,150 shares of the stock in a transaction on 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 sale, the senior vice president now directly owns 22,086 shares in the company, valued at $6,398,976.78. This trade represents a 15.82 % decrease in their position. The disclosure for this sale can be found here. 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.