Manhattan Associates, Inc. (NASDAQ:MANH) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,844 shares of the software maker’s stock after selling 1,932 shares during the period. Teacher Retirement System of Texas owned 0.17% of Manhattan Associates worth $27,793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Twin Tree Management LP acquired a new stake in Manhattan Associates during the 4th quarter worth about $25,000. Synergy Asset Management LLC acquired a new stake in Manhattan Associates during the 4th quarter worth about $35,000. Whipplewood Advisors LLC acquired a new stake in Manhattan Associates during the 4th quarter worth about $34,000. Brooklyn Investment Group acquired a new stake in Manhattan Associates during the 3rd quarter worth about $58,000. Finally, Bank of Jackson Hole Trust acquired a new stake in Manhattan Associates during the 4th quarter worth about $72,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on MANH shares. DA Davidson cut their price target on Manhattan Associates from $315.00 to $270.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Robert W. Baird cut their price target on Manhattan Associates from $282.00 to $225.00 and set an “outperform” rating on the stock in a research report on Tuesday. Raymond James lowered their target price on shares of Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. Loop Capital lowered their target price on shares of Manhattan Associates from $310.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Finally, Truist Financial lowered their target price on shares of Manhattan Associates from $310.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $243.78.

Manhattan Associates Trading Down 1.2 %

Shares of Manhattan Associates stock opened at $172.44 on Friday. The firm has a market capitalization of $10.54 billion, a PE ratio of 49.13 and a beta of 1.47. Manhattan Associates, Inc. has a twelve month low of $163.10 and a twelve month high of $312.60. The firm’s 50-day moving average price is $207.62 and its 200 day moving average price is $255.09.

Insider Activity at Manhattan Associates

In related news, CFO Dennis B. Story sold 2,788 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $170.83, for a total value of $476,274.04. Following the transaction, the chief financial officer now directly owns 101,263 shares of the company’s stock, valued at approximately $17,298,758.29. This trade represents a 2.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.72% of the stock is currently owned by corporate 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.