Teacher Retirement System of Texas lifted its holdings in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 126.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,747 shares of the software maker's stock after acquiring an additional 50,664 shares during the period. Teacher Retirement System of Texas owned 0.15% of Manhattan Associates worth $19,540,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. Blue Trust Inc. lifted its stake in Manhattan Associates by 259.4% in the fourth quarter. Blue Trust Inc. now owns 115 shares of the software maker's stock worth $25,000 after purchasing an additional 83 shares during the last quarter. Bear Mountain Capital Inc. bought a new stake in shares of Manhattan Associates during the fourth quarter valued at approximately $26,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Manhattan Associates during the fourth quarter valued at approximately $26,000. Lindbrook Capital LLC raised its stake in shares of Manhattan Associates by 28.8% during the fourth quarter. Lindbrook Capital LLC now owns 206 shares of the software maker's stock valued at $44,000 after acquiring an additional 46 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Manhattan Associates by 25.9% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the software maker's stock valued at $61,000 after acquiring an additional 58 shares in the last quarter. Institutional investors own 98.45% of the company's stock.
Manhattan Associates Trading Up 0.2 %
Shares of MANH stock traded up $0.50 during trading hours on Friday, reaching $217.73. 292,619 shares of the company's stock were exchanged, compared to its average volume of 488,009. The stock's 50 day moving average is $236.30 and its 200-day moving average is $228.10. The company has a market cap of $13.41 billion, a price-to-earnings ratio of 71.15 and a beta of 1.45. Manhattan Associates, Inc. has a fifty-two week low of $169.79 and a fifty-two week high of $266.94.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on MANH shares. Truist Financial lifted their price target on shares of Manhattan Associates from $240.00 to $260.00 and gave the company a "buy" rating in a research note on Wednesday, January 31st. Citigroup decreased their price target on shares of Manhattan Associates from $260.00 to $220.00 and set a "neutral" rating for the company in a research note on Wednesday, April 24th. Rosenblatt Securities reissued a "neutral" rating and set a $225.00 price objective on shares of Manhattan Associates in a report on Wednesday, April 24th. DA Davidson raised shares of Manhattan Associates from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $220.00 to $240.00 in a research note on Thursday, April 25th. 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 research note on Wednesday, January 31st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $234.86.
Check Out Our Latest Analysis on MANH
About Manhattan Associates
(
Free Report)
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.
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