Manhattan Associates, Inc. (NASDAQ:MANH) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 4.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,088 shares of the software maker's stock after selling 1,456 shares during the period. Public Employees Retirement System of Ohio's holdings in Manhattan Associates were worth $8,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Twin Tree Management LP acquired a new stake in shares of Manhattan Associates during the 4th quarter worth about $25,000. Whipplewood Advisors LLC acquired a new stake in shares of Manhattan Associates during the 4th quarter worth about $34,000. Synergy Asset Management LLC acquired a new stake in shares of Manhattan Associates during the 4th quarter worth about $35,000. Transce3nd LLC acquired a new stake in shares of Manhattan Associates during the 4th quarter worth about $41,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of Manhattan Associates during the 4th quarter worth about $72,000. Institutional investors and hedge funds own 98.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Piper Sandler dropped their price target on Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating on the stock in a research note on Friday, March 14th. William Blair upgraded Manhattan Associates from a "market perform" rating to an "outperform" rating in a research note on Thursday, February 13th. Loop Capital restated a "hold" rating and set a $170.00 price target (down previously from $275.00) on shares of Manhattan Associates in a research note on Thursday, April 10th. Citigroup dropped their price target on Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Finally, Truist Financial raised their price target on Manhattan Associates from $190.00 to $210.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Manhattan Associates currently has a consensus rating of "Moderate Buy" and a consensus price target of $210.14.

Insider Buying and Selling

In related news, CFO Dennis B. Story sold 2,788 shares of Manhattan Associates stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $170.83, for a total transaction of $476,274.04. Following the completion of the transaction, the chief financial officer now directly owns 101,263 shares of the company's stock, valued at approximately $17,298,758.29. The trade was a 2.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.88% of the stock is currently owned by insiders.

Manhattan Associates Price Performance

Shares of MANH stock traded down $0.54 during midday trading on Friday, hitting $188.35. The company had a trading volume of 6,197,591 shares, compared to its average volume of 612,853. The company's 50 day simple moving average is $175.58 and its 200 day simple moving average is $217.51. The stock has a market cap of $11.44 billion, a price-to-earnings ratio of 53.66 and a beta of 1.13. Manhattan Associates, Inc. has a 52-week low of $140.81 and a 52-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.