New York State Common Retirement Fund lowered its stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 9.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 227,677 shares of the software maker's stock after selling 24,614 shares during the period. New York State Common Retirement Fund owned 0.37% of Manhattan Associates worth $39,397,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. BOKF NA increased its position in shares of Manhattan Associates by 0.4% in the 4th quarter. BOKF NA now owns 13,271 shares of the software maker's stock worth $3,522,000 after purchasing an additional 55 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Manhattan Associates by 2.6% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,510 shares of the software maker's stock valued at $678,000 after buying an additional 63 shares during the last quarter. Linden Thomas Advisory Services LLC grew its position in shares of Manhattan Associates by 1.1% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 6,552 shares of the software maker's stock valued at $1,134,000 after buying an additional 73 shares during the last quarter. Seeds Investor LLC grew its position in shares of Manhattan Associates by 5.0% during the 4th quarter. Seeds Investor LLC now owns 1,556 shares of the software maker's stock valued at $420,000 after buying an additional 74 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in shares of Manhattan Associates by 14.6% during the 1st quarter. Fifth Third Bancorp now owns 691 shares of the software maker's stock valued at $120,000 after buying an additional 88 shares during the last quarter. Institutional investors own 98.45% of the company's stock.
Manhattan Associates Trading Down 1.4%
MANH stock traded down $2.88 on Friday, hitting $201.03. 136,644 shares of the company's stock traded hands, compared to its average volume of 635,587. Manhattan Associates, Inc. has a 1-year low of $140.81 and a 1-year high of $312.60. The stock has a market cap of $12.21 billion, a price-to-earnings ratio of 57.40 and a beta of 1.08. The stock has a fifty day moving average of $193.22 and a 200-day moving average of $196.35.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. Citigroup reaffirmed a "neutral" rating and set a $200.00 price objective (up previously from $177.00) on shares of Manhattan Associates in a research report on Wednesday. Robert W. Baird boosted their price objective on shares of Manhattan Associates from $212.00 to $230.00 and gave the company an "outperform" rating in a research report on Wednesday. DA Davidson boosted their target price on shares of Manhattan Associates from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Redburn Atlantic lowered shares of Manhattan Associates from a "buy" rating to a "neutral" rating and reduced their target price for the company from $270.00 to $200.00 in a research note on Tuesday, June 10th. Finally, Loop Capital reaffirmed a "hold" rating and issued a $170.00 price target (down from $275.00) on shares of Manhattan Associates in a research note on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $210.56.
Read Our Latest Report on Manhattan Associates
About Manhattan Associates
(
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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