Teacher Retirement System of Texas Grows Stock Holdings in Manhattan Associates, Inc. $MANH

Teacher Retirement System of Texas lifted its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 124.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,303 shares of the software maker’s stock after purchasing an additional 22,368 shares during the quarter. Teacher Retirement System of Texas owned about 0.07% of Manhattan Associates worth $8,261,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of MANH. Midwest Professional Planners LTD. increased its holdings in Manhattan Associates by 1.9% in the 2nd quarter. Midwest Professional Planners LTD. now owns 2,850 shares of the software maker’s stock worth $563,000 after buying an additional 53 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Manhattan Associates by 3.3% in the 2nd quarter. NewEdge Advisors LLC now owns 1,852 shares of the software maker’s stock valued at $366,000 after acquiring an additional 59 shares during the last quarter. Quent Capital LLC increased its stake in shares of Manhattan Associates by 3.5% in the second quarter. Quent Capital LLC now owns 1,947 shares of the software maker’s stock worth $384,000 after acquiring an additional 65 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Manhattan Associates by 1.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,272 shares of the software maker’s stock worth $846,000 after purchasing an additional 76 shares during the last quarter. Finally, Verdence Capital Advisors LLC lifted its position in Manhattan Associates by 3.8% during the third quarter. Verdence Capital Advisors LLC now owns 2,246 shares of the software maker’s stock valued at $423,000 after purchasing an additional 82 shares during the period. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Manhattan Associates in a report on Thursday. DA Davidson set a $250.00 target price on shares of Manhattan Associates in a research note on Wednesday, October 22nd. Morgan Stanley lowered their price target on shares of Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating on the stock in a report on Monday, January 5th. Raymond James Financial cut their price objective on shares of Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Wednesday, October 22nd. Finally, Barclays decreased their price objective on shares of Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $219.58.

Manhattan Associates Price Performance

Shares of MANH stock opened at $174.02 on Monday. The company has a market capitalization of $10.49 billion, a PE ratio of 49.58 and a beta of 1.02. The firm’s 50-day moving average is $173.77 and its two-hundred day moving average is $193.78. Manhattan Associates, Inc. has a 12 month low of $140.81 and a 12 month high of $299.27.

Manhattan Associates Company Profile

Manhattan Associates, Inc (NASDAQ: MANH) is a provider of supply chain and omnichannel commerce software solutions designed to optimize the flow of goods, information and funds across enterprise operations. Its flagship offerings include warehouse management, transportation management, order management and omnichannel fulfillment applications. These solutions are delivered through a cloud-native platform called Manhattan Active, which enables retailers, manufacturers, carriers and third-party logistics providers to orchestrate inventory, manage distribution and improve customer service in real time.

Key product areas include Manhattan Active Warehouse Management, which automates and optimizes warehouse operations from receiving through shipping; Manhattan Active Transportation Management, supporting carrier selection, routing and freight payment; and Manhattan Active Omni, which unifies order capture, inventory visibility and fulfillment across stores, distribution centers and e-commerce channels.