New York State Common Retirement Fund Has $63.30 Million Position in Manhattan Associates, Inc. (NASDAQ:MANH)

New York State Common Retirement Fund lessened its stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 15.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 293,994 shares of the software maker's stock after selling 54,868 shares during the quarter. New York State Common Retirement Fund owned about 0.48% of Manhattan Associates worth $63,303,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. California Public Employees Retirement System lifted its holdings in shares of Manhattan Associates by 184.3% during the 3rd quarter. California Public Employees Retirement System now owns 352,665 shares of the software maker's stock valued at $69,708,000 after acquiring an additional 228,618 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Manhattan Associates by 958.3% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 128,574 shares of the software maker's stock valued at $25,414,000 after acquiring an additional 116,425 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Manhattan Associates by 629.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 85,728 shares of the software maker's stock valued at $16,945,000 after acquiring an additional 73,975 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Manhattan Associates by 42.3% during the 3rd quarter. Royal Bank of Canada now owns 241,427 shares of the software maker's stock valued at $47,720,000 after acquiring an additional 71,725 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Manhattan Associates by 48.0% during the 3rd quarter. Swiss National Bank now owns 199,820 shares of the software maker's stock valued at $39,496,000 after acquiring an additional 64,800 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

Insider Activity at Manhattan Associates

In related news, EVP James Stewart Gantt sold 680 shares of the business's stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $248.84, for a total transaction of $169,211.20. Following the completion of the sale, the executive vice president now owns 57,093 shares of the company's stock, valued at approximately $14,207,022.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Manhattan Associates news, CEO Eddie Capel sold 10,897 shares of the company's stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $247.73, for a total value of $2,699,513.81. Following the completion of the transaction, the chief executive officer now owns 242,153 shares in the company, valued at approximately $59,988,562.69. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP James Stewart Gantt sold 680 shares of the company's stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $248.84, for a total transaction of $169,211.20. Following the completion of the transaction, the executive vice president now owns 57,093 shares of the company's stock, valued at approximately $14,207,022.12. The disclosure for this sale can be found here. Insiders own 0.72% of the company's stock.

Manhattan Associates Stock Down 10.5 %

Shares of MANH traded down $24.31 during midday trading on Wednesday, hitting $206.32. The company had a trading volume of 1,487,341 shares, compared to its average volume of 384,276. The company's 50 day moving average price is $245.97 and its 200 day moving average price is $227.06. The stock has a market cap of $12.70 billion, a price-to-earnings ratio of 73.16 and a beta of 1.44. Manhattan Associates, Inc. has a 52 week low of $152.32 and a 52 week high of $266.94.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last released its earnings results on Tuesday, January 30th. The software maker reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.23. The company had revenue of $238.26 million during the quarter, compared to the consensus estimate of $223.99 million. Manhattan Associates had a net margin of 19.01% and a return on equity of 84.08%. Equities analysts anticipate that Manhattan Associates, Inc. will post 2.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on MANH shares. Truist Financial lifted their target price on shares of Manhattan Associates from $240.00 to $260.00 and gave the company a "buy" rating in a report on Wednesday, January 31st. Rosenblatt Securities reiterated a "neutral" rating and issued a $225.00 price objective on shares of Manhattan Associates in a report on Wednesday. Citigroup cut their price objective on shares of Manhattan Associates from $260.00 to $220.00 and set a "neutral" rating on the stock in a report on Wednesday. Finally, Raymond James boosted their price objective on shares of Manhattan Associates from $214.00 to $250.00 and gave the stock an "outperform" rating in a report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $225.57.

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.