American Century Companies Inc. Has $108.49 Million Stock Holdings in Manhattan Associates, Inc. $MANH

American Century Companies Inc. decreased its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 5.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 549,421 shares of the software maker’s stock after selling 32,476 shares during the period. American Century Companies Inc.’s holdings in Manhattan Associates were worth $108,494,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in MANH. Whipplewood Advisors LLC grew its stake in shares of Manhattan Associates by 907.7% during the second quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker’s stock worth $26,000 after buying an additional 118 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Manhattan Associates by 117.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 230 shares of the software maker’s stock valued at $45,000 after acquiring an additional 124 shares in the last quarter. Hantz Financial Services Inc. grew its position in Manhattan Associates by 1,000.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 308 shares of the software maker’s stock worth $61,000 after acquiring an additional 280 shares during the last quarter. Brooklyn Investment Group grew its position in Manhattan Associates by 70.1% during the 1st quarter. Brooklyn Investment Group now owns 359 shares of the software maker’s stock worth $62,000 after acquiring an additional 148 shares during the last quarter. Finally, Bayforest Capital Ltd increased its holdings in Manhattan Associates by 126.6% in the 1st quarter. Bayforest Capital Ltd now owns 494 shares of the software maker’s stock worth $85,000 after purchasing an additional 276 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MANH shares. DA Davidson set a $250.00 price target on Manhattan Associates in a research note on Wednesday, October 22nd. Truist Financial set a $230.00 price objective on shares of Manhattan Associates in a report on Wednesday, October 22nd. Barclays cut their target price on shares of Manhattan Associates from $244.00 to $239.00 and set an “overweight” rating on the stock in a research report on Thursday, November 13th. Morgan Stanley set a $200.00 price target on shares of Manhattan Associates and gave the company an “equal weight” rating in a research report on Wednesday, October 22nd. Finally, UBS Group set a $240.00 price target on shares of Manhattan Associates in a research note on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Manhattan Associates presently has an average rating of “Moderate Buy” and an average price target of $222.42.

Manhattan Associates Trading Up 3.0%

MANH stock opened at $176.65 on Wednesday. The firm has a market cap of $10.64 billion, a PE ratio of 50.33 and a beta of 1.08. The stock has a 50-day moving average price of $192.19 and a 200-day moving average price of $199.39. 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 EPS for the quarter, topping the consensus estimate of $1.18 by $0.18. The business 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 firm’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.35 earnings per share. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS. On average, analysts forecast that Manhattan Associates, Inc. will post 3.3 earnings per share for the current 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.