California State Teachers Retirement System Sells 3,276 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

California State Teachers Retirement System cut its holdings in Manhattan Associates, Inc. (NASDAQ:MANHFree Report) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,432 shares of the software maker’s stock after selling 3,276 shares during the quarter. California State Teachers Retirement System owned about 0.14% of Manhattan Associates worth $18,395,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its stake in shares of Manhattan Associates by 9.1% in the 4th quarter. Russell Investments Group Ltd. now owns 59,852 shares of the software maker’s stock valued at $12,923,000 after purchasing an additional 4,986 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in shares of Manhattan Associates by 59.9% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 21,612 shares of the software maker’s stock worth $4,271,000 after buying an additional 8,094 shares during the last quarter. Highland Capital Management LLC acquired a new stake in shares of Manhattan Associates in the fourth quarter worth about $1,142,000. Nomura Asset Management Co. Ltd. boosted its stake in shares of Manhattan Associates by 82.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 26,894 shares of the software maker’s stock worth $5,791,000 after acquiring an additional 12,124 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. acquired a new position in shares of Manhattan Associates during the 4th quarter valued at about $1,050,000. 98.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MANH has been the subject of a number of recent analyst reports. William Blair reaffirmed a “market perform” rating on shares of Manhattan Associates in a research report on Wednesday, April 24th. DA Davidson raised their price target on Manhattan Associates from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. Redburn Atlantic assumed coverage on Manhattan Associates in a research note on Tuesday, May 14th. They issued a “buy” rating and a $260.00 price objective on the stock. StockNews.com downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Monday, May 27th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $225.00 price target on shares of Manhattan Associates in a research report on Wednesday, April 24th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $240.50.

Read Our Latest Stock Report on MANH

Manhattan Associates Trading Down 0.1 %

Shares of NASDAQ:MANH opened at $219.82 on Friday. The business’s 50 day moving average is $225.46 and its 200-day moving average is $229.83. The firm has a market capitalization of $13.53 billion, a PE ratio of 71.84 and a beta of 1.48. Manhattan Associates, Inc. has a 1-year low of $180.68 and a 1-year high of $266.94.

Manhattan Associates (NASDAQ:MANHGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The software maker reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.23. Manhattan Associates had a net margin of 19.91% and a return on equity of 85.28%. The firm had revenue of $254.55 million for the quarter, compared to the consensus estimate of $243.32 million. On average, sell-side analysts predict that Manhattan Associates, Inc. will post 2.72 EPS for the current year.

Manhattan Associates Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Manhattan Associates (NASDAQ:MANH)

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