New York State Teachers Retirement System Has $18.65 Million Position in Manhattan Associates, Inc. (NASDAQ:MANH)

New York State Teachers Retirement System trimmed its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 6.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,001 shares of the software maker's stock after selling 4,752 shares during the quarter. New York State Teachers Retirement System owned about 0.11% of Manhattan Associates worth $18,647,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. State Street Corp increased its position in Manhattan Associates by 0.6% during the third quarter. State Street Corp now owns 2,203,139 shares of the software maker's stock worth $619,918,000 after buying an additional 12,787 shares during the last quarter. FMR LLC grew its position in shares of Manhattan Associates by 7.3% in the third quarter. FMR LLC now owns 1,917,412 shares of the software maker's stock valued at $539,521,000 after purchasing an additional 130,817 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Manhattan Associates by 5.8% in the third quarter. Geode Capital Management LLC now owns 1,514,941 shares of the software maker's stock valued at $426,308,000 after purchasing an additional 82,995 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Manhattan Associates by 213.7% in the third quarter. JPMorgan Chase & Co. now owns 1,009,913 shares of the software maker's stock valued at $284,169,000 after purchasing an additional 687,933 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Manhattan Associates in the third quarter valued at about $234,249,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Truist Financial lowered their price target on Manhattan Associates from $310.00 to $285.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. DA Davidson lowered their price target on Manhattan Associates from $315.00 to $270.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Loop Capital lowered their price target on Manhattan Associates from $310.00 to $275.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Raymond James lowered their price target on Manhattan Associates from $305.00 to $270.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 29th. Finally, StockNews.com cut shares of Manhattan Associates from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $273.33.

Manhattan Associates Stock Up 1.5 %

MANH traded up $2.77 during midday trading on Thursday, reaching $185.98. 560,032 shares of the company's stock were exchanged, compared to its average volume of 876,913. The firm has a market capitalization of $11.37 billion, a price-to-earnings ratio of 52.99 and a beta of 1.50. Manhattan Associates, Inc. has a one year low of $169.94 and a one year high of $312.60. The business has a 50-day simple moving average of $252.47 and a two-hundred day simple moving average of $266.96.

Insiders Place Their Bets

In other news, SVP Bruce Richards sold 4,150 shares of the firm's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $289.73, for a total transaction of $1,202,379.50. Following the completion of the sale, the senior vice president now owns 22,086 shares of the company's stock, valued at approximately $6,398,976.78. This trade represents a 15.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP James Stewart Gantt sold 3,475 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president now directly owns 42,812 shares of the company's stock, valued at approximately $12,334,137.20. The trade was a 7.51 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company's stock.

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.