Teacher Retirement System of Texas Sells 33,345 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

Teacher Retirement System of Texas lowered its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 32.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 69,499 shares of the software maker's stock after selling 33,345 shares during the quarter. Teacher Retirement System of Texas owned 0.11% of Manhattan Associates worth $12,026,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. DAVENPORT & Co LLC purchased a new stake in shares of Manhattan Associates during the 1st quarter valued at $214,000. Vontobel Holding Ltd. raised its position in shares of Manhattan Associates by 27.4% during the 1st quarter. Vontobel Holding Ltd. now owns 6,423 shares of the software maker's stock valued at $1,111,000 after buying an additional 1,382 shares in the last quarter. Rovin Capital UT ADV purchased a new position in Manhattan Associates in the 1st quarter worth $233,000. Hixon Zuercher LLC raised its position in Manhattan Associates by 24.9% in the 1st quarter. Hixon Zuercher LLC now owns 8,347 shares of the software maker's stock worth $1,444,000 after purchasing an additional 1,665 shares during the period. Finally, Hills Bank & Trust Co raised its position in Manhattan Associates by 34.9% in the 1st quarter. Hills Bank & Trust Co now owns 2,194 shares of the software maker's stock worth $380,000 after purchasing an additional 568 shares during the period. Hedge funds and other institutional investors own 98.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Loop Capital reiterated a "hold" rating and issued a $170.00 target price (down previously from $275.00) on shares of Manhattan Associates in a research report on Thursday, April 10th. Piper Sandler decreased their target price on shares of Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating on the stock in a research report on Friday, March 14th. DA Davidson lifted their target price on shares of Manhattan Associates from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Robert W. Baird set a $212.00 target price on shares of Manhattan Associates and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Finally, Citigroup decreased their price objective on shares of Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $208.88.

Manhattan Associates Stock Performance

Shares of NASDAQ MANH traded up $2.17 during trading hours on Tuesday, hitting $203.17. The company's stock had a trading volume of 266,861 shares, compared to its average volume of 635,761. The business has a 50-day simple moving average of $190.30 and a 200-day simple moving average of $199.58. The stock has a market cap of $12.34 billion, a price-to-earnings ratio of 58.05 and a beta of 1.08. Manhattan Associates, Inc. has a 12 month low of $140.81 and a 12 month high of $312.60.

Manhattan Associates 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.