California State Teachers Retirement System Sells 3,276 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

California State Teachers Retirement System trimmed its position in shares of Manhattan Associates, Inc. (NASDAQ:MANHFree Report) by 3.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 85,432 shares of the software maker’s stock after selling 3,276 shares during the period. California State Teachers Retirement System’s holdings in Manhattan Associates were worth $18,395,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. lifted its stake in shares of Manhattan Associates by 259.4% in the fourth quarter. Blue Trust Inc. now owns 115 shares of the software maker’s stock valued at $25,000 after buying an additional 83 shares in the last quarter. Bear Mountain Capital Inc. bought a new position in Manhattan Associates during the fourth quarter valued at about $26,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Manhattan Associates in the fourth quarter worth about $26,000. Lindbrook Capital LLC grew its position in shares of Manhattan Associates by 28.8% during the 4th quarter. Lindbrook Capital LLC now owns 206 shares of the software maker’s stock valued at $44,000 after acquiring an additional 46 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of Manhattan Associates by 25.9% during the 4th quarter. UMB Bank n.a. now owns 282 shares of the software maker’s stock worth $61,000 after purchasing an additional 58 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

Manhattan Associates Trading Down 0.1 %

Shares of NASDAQ MANH opened at $219.82 on Friday. Manhattan Associates, Inc. has a 12 month low of $180.68 and a 12 month high of $266.94. The firm has a market capitalization of $13.53 billion, a PE ratio of 71.84 and a beta of 1.48. The firm has a fifty day simple moving average of $225.46 and a two-hundred day simple moving average of $229.83.

Manhattan Associates (NASDAQ:MANHGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The software maker reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.23. The firm had revenue of $254.55 million during the quarter, compared to analyst estimates of $243.32 million. Manhattan Associates had a return on equity of 85.28% and a net margin of 19.91%. On average, sell-side analysts predict that Manhattan Associates, Inc. will post 2.72 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on MANH shares. Redburn Atlantic assumed coverage on shares of Manhattan Associates in a report on Tuesday, May 14th. They set a “buy” rating and a $260.00 price objective on the stock. DA Davidson upped their price target on Manhattan Associates from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. Rosenblatt Securities restated a “neutral” rating and issued a $225.00 price objective on shares of Manhattan Associates in a research report on Wednesday, April 24th. Citigroup decreased their price objective on shares of Manhattan Associates from $260.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Finally, William Blair reiterated a “market perform” rating on shares of Manhattan Associates in a research report on Wednesday, April 24th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Manhattan Associates presently has an average rating of “Moderate Buy” and a consensus price target of $240.50.

Get Our Latest Stock Report on Manhattan Associates

Manhattan Associates Company Profile

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

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