Teacher Retirement System of Texas Has $3.54 Million Stock Position in Manhattan Associates, Inc. $MANH

Teacher Retirement System of Texas lowered its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 74.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,935 shares of the software maker’s stock after selling 51,564 shares during the period. Teacher Retirement System of Texas’ holdings in Manhattan Associates were worth $3,542,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of MANH. Vontobel Holding Ltd. boosted its stake in Manhattan Associates by 27.4% during the 1st quarter. Vontobel Holding Ltd. now owns 6,423 shares of the software maker’s stock worth $1,111,000 after acquiring an additional 1,382 shares during the last quarter. DAVENPORT & Co LLC bought a new position in shares of Manhattan Associates during the first quarter worth $214,000. OneDigital Investment Advisors LLC boosted its position in shares of Manhattan Associates by 3.7% during the first quarter. OneDigital Investment Advisors LLC now owns 4,653 shares of the software maker’s stock worth $805,000 after purchasing an additional 164 shares in the last quarter. IFM Investors Pty Ltd grew its holdings in shares of Manhattan Associates by 11.0% in the 1st quarter. IFM Investors Pty Ltd now owns 13,201 shares of the software maker’s stock valued at $2,284,000 after buying an additional 1,303 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Manhattan Associates by 10.1% in the 1st quarter. Bank of New York Mellon Corp now owns 591,794 shares of the software maker’s stock valued at $102,404,000 after buying an additional 54,273 shares in the last quarter. 98.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MANH. Barclays decreased their target price on Manhattan Associates from $247.00 to $244.00 and set an “overweight” rating for the company in a research note on Wednesday, October 22nd. Truist Financial set a $230.00 price objective on Manhattan Associates in a research report on Wednesday, October 22nd. UBS Group set a $240.00 target price on shares of Manhattan Associates in a report on Wednesday, October 22nd. Citigroup reiterated a “neutral” rating and issued a $200.00 price target (up previously from $177.00) on shares of Manhattan Associates in a report on Wednesday, July 16th. Finally, Loop Capital increased their price objective on shares of Manhattan Associates from $170.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Manhattan Associates currently has a consensus rating of “Moderate Buy” and a consensus target price of $222.83.

Manhattan Associates Trading Up 1.2%

Shares of MANH opened at $182.07 on Friday. The company’s fifty day simple moving average is $205.61 and its 200 day simple moving average is $199.15. Manhattan Associates, Inc. has a 1-year low of $140.81 and a 1-year high of $312.60. The company has a market cap of $10.97 billion, a price-to-earnings ratio of 51.87 and a beta of 1.12.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Tuesday, October 21st. The software maker reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.18. Manhattan Associates had a return on equity of 78.80% and a net margin of 20.25%.The firm had revenue of $275.80 million for the quarter, compared to the consensus estimate of $271.66 million. During the same quarter in the previous year, the business earned $1.35 earnings per share. The business’s revenue was up 3.4% compared to the same quarter last year. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. As a group, research analysts forecast that Manhattan Associates, Inc. will post 3.3 earnings per share for the current year.

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.