Manhattan Associates, Inc. (NASDAQ:MANH) Shares Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky grew its position in shares of Manhattan Associates, Inc. (NASDAQ:MANHGet Rating) by 18.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,541 shares of the software maker’s stock after purchasing an additional 3,658 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Manhattan Associates were worth $3,266,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Private Capital Group LLC lifted its holdings in shares of Manhattan Associates by 66.7% during the 1st quarter. Private Capital Group LLC now owns 235 shares of the software maker’s stock worth $33,000 after acquiring an additional 94 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Manhattan Associates by 244.3% during the 1st quarter. Parallel Advisors LLC now owns 272 shares of the software maker’s stock worth $39,000 after acquiring an additional 193 shares during the period. Allworth Financial LP lifted its holdings in shares of Manhattan Associates by 40.8% during the 1st quarter. Allworth Financial LP now owns 359 shares of the software maker’s stock worth $50,000 after acquiring an additional 104 shares during the period. FourThought Financial LLC lifted its holdings in shares of Manhattan Associates by 42.7% during the 1st quarter. FourThought Financial LLC now owns 511 shares of the software maker’s stock worth $71,000 after acquiring an additional 153 shares during the period. Finally, Okabena Investment Services Inc. purchased a new position in shares of Manhattan Associates during the 4th quarter worth about $79,000. 97.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates news, Director Linda T. Hollembaek sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $140.00, for a total value of $140,000.00. Following the completion of the sale, the director now owns 9,944 shares of the company’s stock, valued at $1,392,160. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Manhattan Associates news, Director Linda T. Hollembaek sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $140.00, for a total value of $140,000.00. Following the completion of the sale, the director now owns 9,944 shares of the company’s stock, valued at $1,392,160. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Eddie Capel sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $141.07, for a total transaction of $2,116,050.00. Following the sale, the chief executive officer now directly owns 259,023 shares of the company’s stock, valued at approximately $36,540,374.61. The disclosure for this sale can be found here. Insiders sold 18,160 shares of company stock valued at $2,576,378 over the last 90 days. 0.78% of the stock is owned by corporate insiders.

Manhattan Associates Stock Performance

NASDAQ MANH opened at $137.50 on Tuesday. Manhattan Associates, Inc. has a one year low of $106.02 and a one year high of $188.52. The company’s 50 day moving average price is $137.46 and its 200 day moving average price is $130.54. The firm has a market capitalization of $8.62 billion, a price-to-earnings ratio of 73.93 and a beta of 1.84.

Manhattan Associates (NASDAQ:MANHGet Rating) last issued its quarterly earnings data on Tuesday, July 26th. The software maker reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.16. Manhattan Associates had a net margin of 16.67% and a return on equity of 51.87%. During the same period in the prior year, the business earned $0.48 earnings per share. Sell-side analysts forecast that Manhattan Associates, Inc. will post 1.61 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Rosenblatt Securities cut their price objective on shares of Manhattan Associates from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, July 22nd. StockNews.com lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $178.75.

Manhattan Associates Profile

(Get Rating)

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Manhattan SCALE, a portfolio of logistics execution solutions that provide trading partner management, yard management, optimization, warehouse management, and transportation execution services; and Manhattan Active, a set of enterprise and store omni-channel solutions.

See Also

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Institutional Ownership by Quarter for Manhattan Associates (NASDAQ:MANH)

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