KBC Group NV Has $25.46 Million Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

KBC Group NV boosted its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 232.2% in the fourth quarter, HoldingsChannel reports. The firm owned 94,201 shares of the software maker’s stock after acquiring an additional 65,846 shares during the period. KBC Group NV’s holdings in Manhattan Associates were worth $25,457,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Oak Thistle LLC acquired a new stake in shares of Manhattan Associates in the fourth quarter valued at $1,326,000. GAMMA Investing LLC increased its position in Manhattan Associates by 47.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,186 shares of the software maker’s stock valued at $334,000 after acquiring an additional 382 shares in the last quarter. Mediolanum International Funds Ltd raised its stake in shares of Manhattan Associates by 602.0% in the third quarter. Mediolanum International Funds Ltd now owns 20,042 shares of the software maker’s stock worth $5,607,000 after acquiring an additional 17,187 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Manhattan Associates by 213.7% during the third quarter. JPMorgan Chase & Co. now owns 1,009,913 shares of the software maker’s stock worth $284,169,000 after purchasing an additional 687,933 shares in the last quarter. Finally, Chartwell Investment Partners LLC lifted its position in shares of Manhattan Associates by 31.1% during the third quarter. Chartwell Investment Partners LLC now owns 21,557 shares of the software maker’s stock worth $6,065,000 after purchasing an additional 5,119 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Bruce Richards sold 4,150 shares of the business’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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James Stewart Gantt sold 3,475 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $288.10, for a total transaction of $1,001,147.50. Following the completion of the sale, the executive vice president now owns 42,812 shares in the company, valued at approximately $12,334,137.20. This trade represents a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by company insiders.

Manhattan Associates Trading Up 2.4 %

NASDAQ:MANH opened at $295.10 on Wednesday. Manhattan Associates, Inc. has a 1-year low of $205.12 and a 1-year high of $312.60. The firm has a market capitalization of $18.02 billion, a price-to-earnings ratio of 83.84 and a beta of 1.52. The business’s 50-day moving average price is $283.17 and its two-hundred day moving average price is $272.29.

Analyst Ratings Changes

MANH has been the subject of a number of research reports. Citigroup lowered their price target on shares of Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating for the company in a report on Monday. Robert W. Baird lifted their target price on Manhattan Associates from $263.00 to $304.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. DA Davidson upped their price target on Manhattan Associates from $285.00 to $315.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Piper Sandler assumed coverage on Manhattan Associates in a research report on Monday, November 25th. They issued an “overweight” rating and a $326.00 price objective for the company. Finally, Truist Financial boosted their price objective on Manhattan Associates from $275.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Manhattan Associates presently has a consensus rating of “Moderate Buy” and a consensus target price 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.