Public Employees Retirement System of Ohio Has $8.88 Million Stock Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Public Employees Retirement System of Ohio cut its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 11.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,544 shares of the software maker's stock after selling 4,083 shares during the period. Public Employees Retirement System of Ohio owned about 0.05% of Manhattan Associates worth $8,876,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Fidelis Capital Partners LLC lifted its position in shares of Manhattan Associates by 3.2% during the third quarter. Fidelis Capital Partners LLC now owns 1,279 shares of the software maker's stock worth $347,000 after purchasing an additional 40 shares during the last quarter. Ascent Group LLC raised its position in shares of Manhattan Associates by 4.8% during the 3rd quarter. Ascent Group LLC now owns 896 shares of the software maker's stock valued at $252,000 after acquiring an additional 41 shares in the last quarter. UMB Bank n.a. raised its position in shares of Manhattan Associates by 16.7% during the 3rd quarter. UMB Bank n.a. now owns 301 shares of the software maker's stock valued at $85,000 after acquiring an additional 43 shares in the last quarter. SkyView Investment Advisors LLC lifted its stake in Manhattan Associates by 0.9% during the second quarter. SkyView Investment Advisors LLC now owns 5,018 shares of the software maker's stock worth $1,238,000 after purchasing an additional 46 shares during the last quarter. Finally, Huntington National Bank boosted its holdings in Manhattan Associates by 5.9% in the third quarter. Huntington National Bank now owns 879 shares of the software maker's stock worth $247,000 after purchasing an additional 49 shares during the period. Hedge funds and other institutional investors own 98.45% of the company's stock.

Manhattan Associates Price Performance

Manhattan Associates stock traded down $11.61 during mid-day trading on Friday, hitting $298.17. The company's stock had a trading volume of 305,699 shares, compared to its average volume of 413,238. Manhattan Associates, Inc. has a 52-week low of $199.23 and a 52-week high of $312.60. The company has a market cap of $18.21 billion, a PE ratio of 88.01 and a beta of 1.50. The firm's 50 day moving average is $285.94 and its 200 day moving average is $261.51.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The software maker reported $1.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.29. The business had revenue of $266.70 million during the quarter, compared to analyst estimates of $262.90 million. Manhattan Associates had a net margin of 21.38% and a return on equity of 84.55%. The firm's revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.79 earnings per share. As a group, analysts forecast that Manhattan Associates, Inc. will post 3.39 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Raymond James lifted their target price on Manhattan Associates from $255.00 to $305.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Piper Sandler initiated coverage on shares of Manhattan Associates in a research report on Monday, November 25th. They issued an "overweight" rating and a $326.00 target price for the company. Citigroup lifted their price objective on shares of Manhattan Associates from $257.00 to $287.00 and gave the company a "neutral" rating in a research note on Wednesday, September 25th. Loop Capital boosted their target price on Manhattan Associates from $265.00 to $285.00 and gave the stock a "buy" rating in a report on Monday, September 16th. Finally, Truist Financial lifted their price target on Manhattan Associates from $275.00 to $310.00 and gave the company a "buy" rating in a research report on Friday, October 11th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, Manhattan Associates currently has a consensus rating of "Moderate Buy" and a consensus target price of $290.78.

Insider Activity at Manhattan Associates

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

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.