American Century Companies Inc. Raises Holdings in Manhattan Associates, Inc. $MANH

American Century Companies Inc. grew its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 27.7% in the third quarter, HoldingsChannel reports. 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.’s holdings in Manhattan Associates were worth $143,849,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MANH. Quantbot Technologies LP lifted its holdings in shares of Manhattan Associates by 39.7% in the 3rd quarter. Quantbot Technologies LP now owns 16,238 shares of the software maker’s stock valued at $3,328,000 after buying an additional 4,612 shares during the period. Erste Asset Management GmbH acquired a new stake in shares of Manhattan Associates in the third quarter valued at about $893,000. Xponance Inc. boosted its holdings in shares of Manhattan Associates by 3.1% during the 3rd quarter. Xponance Inc. now owns 12,900 shares of the software maker’s stock worth $2,644,000 after purchasing an additional 388 shares during the last quarter. Advisor OS LLC grew its position in shares of Manhattan Associates by 25.7% in the third quarter. Advisor OS LLC now owns 6,146 shares of the software maker’s stock valued at $1,260,000 after purchasing an additional 1,256 shares in the last quarter. Finally, Intech Investment Management LLC grew its holdings in shares of Manhattan Associates by 7.4% in the third quarter. Intech Investment Management LLC now owns 45,410 shares of the software maker’s stock valued at $9,308,000 after purchasing an additional 3,117 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analyst Upgrades and Downgrades

MANH has been the topic of several research analyst reports. Citigroup upgraded shares of Manhattan Associates from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $200.00 to $208.00 in a report on Thursday, January 15th. DA Davidson reduced their price target on Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. Stifel Nicolaus decreased their target price on Manhattan Associates from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, January 23rd. Truist Financial set a $240.00 price target on Manhattan Associates in a research note on Thursday, January 15th. Finally, Barclays cut their price target 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. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Manhattan Associates has an average rating of “Moderate Buy” and an average target price of $218.75.

Manhattan Associates Stock Performance

Shares of NASDAQ MANH opened at $135.43 on Monday. The company’s fifty day moving average is $158.97 and its two-hundred day moving average is $182.23. Manhattan Associates, Inc. has a one year low of $127.86 and a one year high of $247.22. The firm has a market capitalization of $8.11 billion, a P/E ratio of 37.62 and a beta of 1.05.

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

About Manhattan Associates

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.