Central Pacific Bank Trust Division Has $26,000 Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Central Pacific Bank Trust Division decreased its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 44.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96 shares of the software maker’s stock after selling 78 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Manhattan Associates were worth $26,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Everence Capital Management Inc. bought a new stake in shares of Manhattan Associates in the fourth quarter valued at approximately $484,000. GAMMA Investing LLC raised its holdings in Manhattan Associates by 40.1% in the 4th quarter. GAMMA Investing LLC now owns 1,662 shares of the software maker’s stock valued at $449,000 after acquiring an additional 476 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Manhattan Associates by 213.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,009,913 shares of the software maker’s stock valued at $284,169,000 after acquiring an additional 687,933 shares during the period. Optimist Retirement Group LLC grew its holdings in shares of Manhattan Associates by 9.0% during the 3rd quarter. Optimist Retirement Group LLC now owns 916 shares of the software maker’s stock worth $258,000 after purchasing an additional 76 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Manhattan Associates in the third quarter worth $502,000. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Trading Up 1.5 %

Manhattan Associates stock opened at $272.84 on Monday. The company has a market capitalization of $16.66 billion, a PE ratio of 77.51 and a beta of 1.52. The stock has a 50-day moving average price of $282.61 and a two-hundred day moving average price of $268.33. Manhattan Associates, Inc. has a 12 month low of $199.23 and a 12 month high of $312.60.

Manhattan Associates (NASDAQ:MANH) last posted its earnings results on Tuesday, October 22nd. The software maker reported $1.35 EPS for the quarter, topping the consensus estimate of $1.06 by $0.29. Manhattan Associates had a net margin of 21.38% and a return on equity of 84.55%. The business had revenue of $266.70 million for the quarter, compared to the consensus estimate of $262.90 million. During the same period last year, the company earned $0.79 EPS. The firm’s revenue was up 11.9% compared to the same quarter last year. As a group, analysts predict that Manhattan Associates, Inc. will post 3.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MANH has been the subject of several recent analyst reports. DA Davidson upped their price objective on shares of Manhattan Associates from $285.00 to $315.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Raymond James lifted their price objective on shares of Manhattan Associates from $255.00 to $305.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Citigroup upped their target price on Manhattan Associates from $287.00 to $306.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Truist Financial lifted their price target on Manhattan Associates from $275.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Finally, Loop Capital upped their price objective on Manhattan Associates from $265.00 to $285.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $292.89.

Insider Buying and Selling

In related news, EVP James Stewart Gantt sold 3,475 shares of Manhattan Associates stock in a transaction that occurred on Tuesday, November 26th. The stock was 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. The trade was a 7.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Bruce Richards sold 4,150 shares of the 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 sale, the senior vice president now directly owns 22,086 shares of the company’s stock, valued at $6,398,976.78. This represents a 15.82 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by 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.