American Century Companies Inc. Sells 32,476 Shares of Manhattan Associates, Inc. $MANH

American Century Companies Inc. lessened its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 5.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 549,421 shares of the software maker’s stock after selling 32,476 shares during the period. American Century Companies Inc. owned approximately 0.91% of Manhattan Associates worth $108,494,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Midwest Professional Planners LTD. lifted its holdings in Manhattan Associates by 1.9% during the 2nd quarter. Midwest Professional Planners LTD. now owns 2,850 shares of the software maker’s stock worth $563,000 after purchasing an additional 53 shares during the last quarter. Cordatus Wealth Management LLC grew its holdings in Manhattan Associates by 4.9% in the 1st quarter. Cordatus Wealth Management LLC now owns 1,229 shares of the software maker’s stock valued at $213,000 after buying an additional 57 shares in the last quarter. Credit Agricole S A increased its position in Manhattan Associates by 1.3% during the 1st quarter. Credit Agricole S A now owns 4,858 shares of the software maker’s stock worth $841,000 after buying an additional 64 shares during the period. Quent Capital LLC increased its position in Manhattan Associates by 3.5% during the 2nd quarter. Quent Capital LLC now owns 1,947 shares of the software maker’s stock worth $384,000 after buying an additional 65 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted 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 buying an additional 76 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on MANH. Weiss Ratings restated a “hold (c)” rating on shares of Manhattan Associates in a research note on Wednesday, October 8th. DA Davidson set a $250.00 price objective on shares of Manhattan Associates in a report on Wednesday, October 22nd. UBS Group set a $240.00 target price on shares of Manhattan Associates in a research report on Wednesday, October 22nd. Stifel Nicolaus lowered their target price on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Wednesday, October 22nd. Finally, Zacks Research cut Manhattan Associates from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $222.42.

Manhattan Associates Price Performance

Shares of NASDAQ:MANH opened at $176.65 on Wednesday. The company’s 50 day simple moving average is $192.19 and its 200 day simple moving average is $199.39. The stock has a market capitalization of $10.64 billion, a price-to-earnings ratio of 50.33 and a beta of 1.08. Manhattan Associates, Inc. has a 1 year low of $140.81 and a 1 year high of $312.60.

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

About Manhattan Associates

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.