American Century Companies Inc. Acquires 152,348 Shares of Manhattan Associates, Inc. $MANH

American Century Companies Inc. grew its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 27.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 701,769 shares of the software maker’s stock after buying an additional 152,348 shares during the period. American Century Companies Inc. owned approximately 1.16% of Manhattan Associates worth $143,849,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MANH. Eastern Bank purchased a new position in shares of Manhattan Associates during the third quarter worth approximately $30,000. Hantz Financial Services Inc. lifted its position in shares of Manhattan Associates by 1,000.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 308 shares of the software maker’s stock worth $61,000 after purchasing an additional 280 shares during the period. Allworth Financial LP boosted its stake in shares of Manhattan Associates by 127.7% during the 2nd quarter. Allworth Financial LP now owns 435 shares of the software maker’s stock valued at $86,000 after purchasing an additional 244 shares in the last quarter. Employees Retirement System of Texas bought a new stake in shares of Manhattan Associates during the 2nd quarter valued at about $99,000. Finally, Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Manhattan Associates by 367.0% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 509 shares of the software maker’s stock worth $104,000 after acquiring an additional 400 shares in the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Manhattan Associates in a research note on Thursday, January 22nd. DA Davidson decreased their target price on Manhattan Associates from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. Morgan Stanley lowered their target price on Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating on the stock in a report on Monday, January 5th. Barclays lowered their target price on Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. Finally, Citigroup raised shares of Manhattan Associates from a “neutral” rating to a “buy” rating and upped their target price for the stock from $200.00 to $208.00 in a report on Thursday, January 15th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Manhattan Associates presently has an average rating of “Moderate Buy” and an average price target of $218.75.

Manhattan Associates Trading Down 3.0%

NASDAQ MANH opened at $135.43 on Monday. The stock has a market cap of $8.11 billion, a PE ratio of 37.62 and a beta of 1.05. The company’s 50-day moving average price is $158.97 and its 200-day moving average price is $182.23. Manhattan Associates, Inc. has a 12 month low of $127.86 and a 12 month high of $247.22.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.10. Manhattan Associates had a return on equity of 75.61% and a net margin of 20.34%.The company had revenue of $270.39 million for the quarter, compared to analysts’ expectations of $264.69 million. During the same quarter in the prior year, the firm earned $1.17 earnings per share. Manhattan Associates’s revenue was up 5.7% compared to the same quarter last year. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. As a group, sell-side analysts forecast that Manhattan Associates, Inc. will post 3.3 earnings per share for the current year.

Manhattan Associates 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.