California Public Employees Retirement System Buys 8,811 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

California Public Employees Retirement System increased its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 361,476 shares of the software maker's stock after buying an additional 8,811 shares during the period. California Public Employees Retirement System owned 0.59% of Manhattan Associates worth $77,833,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Duality Advisers LP acquired a new stake in shares of Manhattan Associates in the fourth quarter valued at approximately $833,000. Handelsbanken Fonder AB boosted its position in Manhattan Associates by 23.2% during the fourth quarter. Handelsbanken Fonder AB now owns 13,288 shares of the software maker's stock worth $2,861,000 after purchasing an additional 2,500 shares during the period. CWM LLC increased its holdings in shares of Manhattan Associates by 13.6% in the fourth quarter. CWM LLC now owns 1,133 shares of the software maker's stock valued at $244,000 after purchasing an additional 136 shares during the last quarter. Lindbrook Capital LLC lifted its stake in shares of Manhattan Associates by 28.8% during the 4th quarter. Lindbrook Capital LLC now owns 206 shares of the software maker's stock worth $44,000 after buying an additional 46 shares during the last quarter. Finally, Calamos Advisors LLC raised its holdings in Manhattan Associates by 7.2% in the 4th quarter. Calamos Advisors LLC now owns 10,122 shares of the software maker's stock valued at $2,179,000 after acquiring an additional 682 shares during the period. Institutional investors and hedge funds own 98.45% of the company's stock.

Analyst Ratings Changes

MANH has been the topic of several research reports. Citigroup decreased their price target on shares of Manhattan Associates from $260.00 to $220.00 and set a "neutral" rating on the stock in a research note on Wednesday. Rosenblatt Securities reissued a "neutral" rating and set a $225.00 target price on shares of Manhattan Associates in a research note on Wednesday. Raymond James increased their price objective on Manhattan Associates from $214.00 to $250.00 and gave the company an "outperform" rating in a report on Wednesday, January 31st. Truist Financial upped their price target on shares of Manhattan Associates from $240.00 to $260.00 and gave the company a "buy" rating in a research report on Wednesday, January 31st. Finally, DA Davidson raised Manhattan Associates from a "neutral" rating to a "buy" rating and boosted their target price for the company from $220.00 to $240.00 in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $234.86.

Insider Buying and Selling

In other news, CEO Eddie Capel sold 10,897 shares of the firm's stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $247.73, for a total value of $2,699,513.81. Following the completion of the sale, the chief executive officer now directly owns 242,153 shares of the company's stock, valued at approximately $59,988,562.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Manhattan Associates news, CEO Eddie Capel sold 10,897 shares of the business'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 directly owns 242,153 shares in the company, valued at $59,988,562.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James Stewart Gantt sold 680 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $248.84, for a total value of $169,211.20. Following the sale, 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. 0.72% of the stock is owned by company insiders.

Manhattan Associates Price Performance

MANH traded up $1.98 during midday trading on Thursday, reaching $208.30. 739,547 shares of the company's stock traded hands, compared to its average volume of 388,763. Manhattan Associates, Inc. has a 52 week low of $163.43 and a 52 week high of $266.94. The stock has a market capitalization of $12.83 billion, a price-to-earnings ratio of 67.63 and a beta of 1.44. The firm has a fifty day moving average of $245.97 and a two-hundred day moving average of $227.06.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last posted its earnings results on Tuesday, January 30th. The software maker reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.23. Manhattan Associates had a return on equity of 87.22% and a net margin of 19.91%. The business had revenue of $238.26 million during the quarter, compared to analyst estimates of $223.99 million. Sell-side analysts forecast that Manhattan Associates, Inc. will post 2.78 EPS for the current year.

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.