Teacher Retirement System of Texas Trims Stock Position in Manhattan Associates, Inc. (NASDAQ:MANH)

Teacher Retirement System of Texas lessened its position 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 disclosure with the SEC. The firm owned 69,499 shares of the software maker's stock after selling 33,345 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.11% of Manhattan Associates worth $12,026,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Metis Global Partners LLC grew its position in Manhattan Associates by 7.0% during the fourth quarter. Metis Global Partners LLC now owns 837 shares of the software maker's stock valued at $226,000 after buying an additional 55 shares during the period. BOKF NA grew its position in Manhattan Associates by 0.4% during the fourth quarter. BOKF NA now owns 13,271 shares of the software maker's stock valued at $3,522,000 after buying an additional 55 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its position in Manhattan Associates by 2.6% during the fourth 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 period. Steward Partners Investment Advisory LLC grew its position in Manhattan Associates by 5.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,467 shares of the software maker's stock valued at $396,000 after buying an additional 73 shares during the period. Finally, Seeds Investor LLC grew its position in Manhattan Associates by 5.0% during the fourth 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 period. Institutional investors and hedge funds own 98.45% of the company's stock.

Manhattan Associates Stock Performance

Shares of NASDAQ:MANH traded up $1.17 during midday trading on Friday, hitting $199.88. The company's stock had a trading volume of 269,864 shares, compared to its average volume of 637,729. The business's 50 day simple moving average is $189.77 and its 200 day simple moving average is $200.14. The company has a market cap of $12.14 billion, a P/E ratio of 57.11 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.

Analyst Upgrades and Downgrades

Several analysts recently commented on MANH shares. Redburn Atlantic lowered shares of Manhattan Associates from a "buy" rating to a "neutral" rating and dropped their price target for the company from $270.00 to $200.00 in a research report on Tuesday, June 10th. Citigroup dropped their target price 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. Truist Financial lifted their target price on shares of Manhattan Associates from $190.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Piper Sandler dropped 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. Finally, DA Davidson lifted their target price on shares of Manhattan Associates from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Manhattan Associates presently has a consensus rating of "Moderate Buy" and an average target price of $208.88.

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.