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Teacher Retirement System of Texas boosted its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH – Get Rating) by 186.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 29,188 shares of the software maker’s stock after purchasing an additional 18,997 shares during the period. Teacher Retirement System of Texas’ holdings in Manhattan Associates were worth $3,883,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of MANH. Renaissance Technologies LLC boosted its holdings in shares of Manhattan Associates by 87.3% in the second quarter. Renaissance Technologies LLC now owns 360,660 shares of the software maker’s stock valued at $41,332,000 after acquiring an additional 168,100 shares in the last quarter. New York State Teachers Retirement System boosted its holdings in shares of Manhattan Associates by 1.4% in the third quarter. New York State Teachers Retirement System now owns 91,292 shares of the software maker’s stock valued at $12,145,000 after acquiring an additional 1,238 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Manhattan Associates by 80.9% in the second quarter. Parallel Advisors LLC now owns 492 shares of the software maker’s stock valued at $56,000 after acquiring an additional 220 shares in the last quarter. abrdn plc boosted its holdings in shares of Manhattan Associates by 11.3% in the second quarter. abrdn plc now owns 23,498 shares of the software maker’s stock valued at $2,693,000 after acquiring an additional 2,387 shares in the last quarter. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of Manhattan Associates in the third quarter valued at about $2,222,000. 96.92% of the stock is owned by hedge funds and other institutional investors.
Manhattan Associates Stock Up 2.0 %
Shares of NASDAQ MANH opened at $125.13 on Tuesday. Manhattan Associates, Inc. has a 52 week low of $106.02 and a 52 week high of $155.81. The firm has a 50-day moving average price of $121.43 and a 200 day moving average price of $128.44. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of 71.10 and a beta of 1.64.
Manhattan Associates (NASDAQ:MANH – Get Rating) last announced its quarterly earnings data on Tuesday, October 25th. The software maker reported $0.47 EPS for the quarter, beating the consensus estimate of $0.38 by $0.09. The firm had revenue of $198.10 million during the quarter, compared to analysts’ expectations of $185.76 million. Manhattan Associates had a net margin of 15.08% and a return on equity of 51.06%. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.57 earnings per share. Equities research analysts expect that Manhattan Associates, Inc. will post 1.68 EPS for the current fiscal year.
Analysts Set New Price Targets
Several brokerages have recently weighed in on MANH. StockNews.com raised shares of Manhattan Associates from a “hold” rating to a “buy” rating in a report on Thursday, October 27th. Robert W. Baird reduced their price objective on shares of Manhattan Associates to $161.00 in a research note on Wednesday, December 14th.
Manhattan Associates Profile
(Get Rating)
Manhattan Associates, Inc engages in designing, building and delivering supply chain commerce solutions by converging front-end sales with back-end supply chain. It operates through the following geographical segments: The Americas, Europe, Middle East and Africa and Asia Pacific. The company was founded by Deepak Raghavan in October 1990 and is headquartered in Atlanta, GA.
Further Reading
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