New York State Common Retirement Fund Reduces Stock Position in Manhattan Associates, Inc. (NASDAQ:MANH)

New York State Common Retirement Fund reduced its stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 3.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 252,291 shares of the software maker's stock after selling 9,001 shares during the quarter. New York State Common Retirement Fund owned about 0.41% of Manhattan Associates worth $68,179,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in shares of Manhattan Associates in the 3rd quarter valued at approximately $34,000. Synergy Asset Management LLC purchased a new position in shares of Manhattan Associates in the 4th quarter valued at approximately $35,000. Ashton Thomas Securities LLC purchased a new position in shares of Manhattan Associates in the 3rd quarter valued at approximately $42,000. Brooklyn Investment Group purchased a new position in shares of Manhattan Associates in the 3rd quarter valued at approximately $58,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Manhattan Associates in the 3rd quarter valued at approximately $63,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MANH shares. Loop Capital reduced their price target on shares of Manhattan Associates from $310.00 to $275.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Truist Financial dropped their price objective on shares of Manhattan Associates from $310.00 to $285.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. DA Davidson dropped their price target on shares of Manhattan Associates from $315.00 to $270.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Piper Sandler reaffirmed an "overweight" rating and set a $268.00 target price (down previously from $326.00) on shares of Manhattan Associates in a research note on Wednesday, January 29th. Finally, William Blair raised shares of Manhattan Associates from a "market perform" rating to an "outperform" rating in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $273.33.

Manhattan Associates Trading Down 2.2 %

NASDAQ:MANH traded down $4.06 during mid-day trading on Friday, hitting $181.93. The stock had a trading volume of 362,091 shares, compared to its average volume of 860,980. Manhattan Associates, Inc. has a twelve month low of $169.94 and a twelve month high of $312.60. The stock has a 50-day simple moving average of $249.99 and a two-hundred day simple moving average of $266.40. The company has a market capitalization of $11.12 billion, a PE ratio of 51.77 and a beta of 1.50.

Insider Buying and Selling at Manhattan Associates

In other news, EVP James Stewart Gantt sold 3,475 shares of Manhattan Associates stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $288.10, for a total transaction of $1,001,147.50. Following the completion of the transaction, the executive vice president now owns 42,812 shares of the company's stock, valued at $12,334,137.20. The trade was a 7.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Bruce Richards sold 4,150 shares of Manhattan Associates stock in a transaction on Friday, November 29th. The stock was sold at an average price of $289.73, for a total value of $1,202,379.50. Following the transaction, the senior vice president now directly owns 22,086 shares of the company's stock, valued at $6,398,976.78. This trade represents a 15.82 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.

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.