National Bank of Canada FI Purchases 29,308 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

National Bank of Canada FI boosted its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 3,018.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 30,279 shares of the software maker’s stock after acquiring an additional 29,308 shares during the quarter. National Bank of Canada FI’s holdings in Manhattan Associates were worth $8,183,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Twin Tree Management LP purchased a new position in Manhattan Associates during the 4th quarter valued at $25,000. Synergy Asset Management LLC bought a new position in shares of Manhattan Associates in the fourth quarter worth about $35,000. Whipplewood Advisors LLC bought a new position in shares of Manhattan Associates in the fourth quarter worth about $34,000. Bank of Jackson Hole Trust bought a new stake in Manhattan Associates during the 4th quarter valued at about $72,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Manhattan Associates by 144.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 308 shares of the software maker’s stock valued at $83,000 after buying an additional 182 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

Shares of Manhattan Associates stock opened at $152.05 on Friday. Manhattan Associates, Inc. has a one year low of $150.20 and a one year high of $312.60. The company has a market capitalization of $9.29 billion, a PE ratio of 43.32 and a beta of 1.47. The company has a 50-day simple moving average of $184.74 and a two-hundred day simple moving average of $248.19.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MANH shares. DA Davidson raised shares of Manhattan Associates to a “strong-buy” rating in a research note on Monday, March 24th. StockNews.com cut Manhattan Associates from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Raymond James dropped their price target on Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. Citigroup lowered their price objective on shares of Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Finally, William Blair raised shares of Manhattan Associates from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Manhattan Associates presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.78.

Insider Buying and Selling

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $170.83, for a total value of $476,274.04. Following the completion of the sale, the chief financial officer now directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.72% of the stock is currently owned by company insiders.

About Manhattan Associates

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.