California State Teachers Retirement System Has $9.34 Million Stock Holdings in Manhattan Associates, Inc. $MANH

California State Teachers Retirement System lifted its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 22.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,166 shares of the software maker’s stock after purchasing an additional 12,930 shares during the period. California State Teachers Retirement System’s holdings in Manhattan Associates were worth $9,340,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its holdings in Manhattan Associates by 448.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock valued at $28,000 after buying an additional 112 shares during the last quarter. Eagle Bay Advisors LLC acquired a new stake in Manhattan Associates during the 4th quarter worth approximately $27,000. BNP Paribas bought a new stake in Manhattan Associates during the 4th quarter worth approximately $39,000. TD Private Client Wealth LLC grew its holdings in Manhattan Associates by 83.8% during the 4th quarter. TD Private Client Wealth LLC now owns 239 shares of the software maker’s stock worth $41,000 after acquiring an additional 109 shares during the last quarter. Finally, Leonteq Securities AG bought a new stake in Manhattan Associates during the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Activity at Manhattan Associates

In other news, EVP James Stewart Gantt sold 5,139 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $195.53, for a total transaction of $1,004,828.67. Following the completion of the sale, the executive vice president owned 55,676 shares of the company’s stock, valued at $10,886,328.28. This trade represents a 8.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Eric Andrew Clark sold 1,000 shares of Manhattan Associates stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $146.77, for a total transaction of $146,770.00. Following the completion of the sale, the chief executive officer owned 92,638 shares of the company’s stock, valued at $13,596,479.26. This represents a 1.07% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.84% of the company’s stock.

Manhattan Associates Price Performance

Shares of Manhattan Associates stock opened at $187.24 on Tuesday. The stock’s 50-day moving average is $151.44 and its 200 day moving average is $145.36. Manhattan Associates, Inc. has a one year low of $119.06 and a one year high of $220.72. The firm has a market cap of $11.08 billion, a price-to-earnings ratio of 53.65 and a beta of 0.97.

Manhattan Associates (NASDAQ:MANH) last issued its earnings results on Tuesday, July 28th. The software maker reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.07. Manhattan Associates had a return on equity of 86.72% and a net margin of 18.67%.The business had revenue of $297.79 million during the quarter, compared to the consensus estimate of $289.03 million. During the same period in the previous year, the company posted $1.31 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, sell-side analysts expect that Manhattan Associates, Inc. will post 3.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MANH. Robert W. Baird raised their price target on shares of Manhattan Associates from $186.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Stifel Nicolaus boosted their price objective on shares of Manhattan Associates from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. DA Davidson increased their price objective on Manhattan Associates from $200.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Barclays decreased their price objective on Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Finally, Citigroup lifted their target price on Manhattan Associates from $177.00 to $193.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Manhattan Associates presently has an average rating of “Moderate Buy” and a consensus price target of $209.20.

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.