New York State Teachers Retirement System Decreases Stock Position in Manhattan Associates, Inc. (NASDAQ:MANH)

New York State Teachers Retirement System reduced its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 11.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,073 shares of the software maker's stock after selling 7,928 shares during the period. New York State Teachers Retirement System owned approximately 0.10% of Manhattan Associates worth $10,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Twin Tree Management LP acquired a new position in shares of Manhattan Associates in the fourth quarter valued at about $25,000. Central Pacific Bank Trust Division increased its holdings in shares of Manhattan Associates by 107.3% in the first quarter. Central Pacific Bank Trust Division now owns 199 shares of the software maker's stock valued at $34,000 after purchasing an additional 103 shares during the period. Park Square Financial Group LLC acquired a new position in shares of Manhattan Associates in the fourth quarter valued at about $38,000. Transce3nd LLC acquired a new position in shares of Manhattan Associates in the fourth quarter valued at about $41,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Manhattan Associates by 144.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 308 shares of the software maker's stock valued at $83,000 after purchasing an additional 182 shares during the period. 98.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Truist Financial increased their price objective on Manhattan Associates from $190.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Redburn Atlantic lowered Manhattan Associates from a "buy" rating to a "neutral" rating and cut their price objective for the company from $270.00 to $200.00 in a report on Tuesday, June 10th. Citigroup cut their price objective on Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Robert W. Baird set a $212.00 target price on Manhattan Associates and gave the stock an "outperform" rating in a report on Wednesday, May 21st. Finally, Loop Capital reaffirmed a "hold" rating and set a $170.00 target price (down from $275.00) on shares of Manhattan Associates in a report on Thursday, April 10th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $208.88.

Manhattan Associates Stock Performance

Manhattan Associates stock traded up $1.17 during midday trading on Friday, hitting $199.88. 269,864 shares of the company were exchanged, compared to its average volume of 635,849. The firm has a market capitalization of $12.14 billion, a PE ratio of 57.11 and a beta of 1.08. The business has a fifty day simple moving average of $189.77 and a two-hundred day simple moving average of $201.27. Manhattan Associates, Inc. has a fifty-two week low of $140.81 and a fifty-two week high of $312.60.

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.