Captrust Financial Advisors Buys 1,297 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Captrust Financial Advisors boosted its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 26.5% in the fourth quarter, HoldingsChannel reports. The firm owned 6,194 shares of the software maker’s stock after acquiring an additional 1,297 shares during the period. Captrust Financial Advisors’ holdings in Manhattan Associates were worth $1,674,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Twin Tree Management LP bought a new stake in Manhattan Associates in the 4th quarter worth 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 bought a new stake in shares of Manhattan Associates during the 4th quarter valued at $35,000. Transce3nd LLC bought a new stake in shares of Manhattan Associates during the 4th quarter valued at $41,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of Manhattan Associates during the 4th quarter valued at $72,000. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

MANH opened at $195.54 on Wednesday. Manhattan Associates, Inc. has a fifty-two week low of $140.81 and a fifty-two week high of $312.60. The firm’s fifty day moving average is $170.81 and its 200 day moving average is $225.24. The stock has a market cap of $11.87 billion, a price-to-earnings ratio of 55.71 and a beta of 1.13.

Insider Activity at Manhattan Associates

In related news, CFO Dennis B. Story sold 2,788 shares of Manhattan Associates 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 owns 101,263 shares in the company, valued at approximately $17,298,758.29. The trade was a 2.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.88% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MANH shares. Raymond James cut their price objective on shares of Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. Truist Financial boosted their price objective on shares of Manhattan Associates from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, April 23rd. Robert W. Baird cut their price objective on shares of Manhattan Associates from $282.00 to $225.00 and set an “outperform” rating for the company in a research report on Tuesday, March 18th. Piper Sandler cut their price objective on shares of Manhattan Associates from $268.00 to $200.00 and set an “overweight” rating for the company in a research report 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 and seven have given a buy rating to the company’s stock. According to MarketBeat, Manhattan Associates presently has a consensus rating of “Moderate Buy” and an average price target of $212.38.

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.