American Century Companies Inc. Decreases Stake in Manhattan Associates, Inc. $MANH

Key Points

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American Century Companies Inc. lessened its stake in Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 32.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 581,897 shares of the software maker's stock after selling 277,157 shares during the period. American Century Companies Inc. owned 0.96% of Manhattan Associates worth $100,691,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in MANH. Ethic Inc. raised its holdings in shares of Manhattan Associates by 16.1% in the 1st quarter. Ethic Inc. now owns 3,354 shares of the software maker's stock valued at $586,000 after purchasing an additional 465 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its stake in shares of Manhattan Associates by 94.3% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 18,732 shares of the software maker's stock worth $3,241,000 after acquiring an additional 9,091 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Manhattan Associates by 6.7% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 19,076 shares of the software maker's stock worth $3,301,000 after acquiring an additional 1,200 shares in the last quarter. Triglav Skladi D.O.O. bought a new position in shares of Manhattan Associates during the 1st quarter worth approximately $260,000. Finally, Russell Investments Group Ltd. raised its stake in shares of Manhattan Associates by 75.4% during the 1st quarter. Russell Investments Group Ltd. now owns 196,901 shares of the software maker's stock worth $34,073,000 after acquiring an additional 84,667 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.

Manhattan Associates Trading Up 1.9%

Shares of MANH stock traded up $3.9760 during trading hours on Friday, hitting $216.3860. The company's stock had a trading volume of 175,763 shares, compared to its average volume of 795,376. The company has a 50 day moving average of $205.26 and a 200 day moving average of $187.59. The stock has a market cap of $13.08 billion, a PE ratio of 60.44 and a beta of 1.10. Manhattan Associates, Inc. has a 12-month low of $140.81 and a 12-month high of $312.60.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.31 EPS for the quarter, beating the consensus estimate of $1.12 by $0.19. The business had revenue of $272.42 million for the quarter, compared to the consensus estimate of $263.62 million. Manhattan Associates had a net margin of 20.91% and a return on equity of 82.91%. The business's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.18 EPS. Manhattan Associates has set its FY 2025 guidance at 4.760-4.840 EPS. As a group, analysts anticipate that Manhattan Associates, Inc. will post 3.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Truist Financial boosted their price objective on shares of Manhattan Associates from $210.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Raymond James Financial boosted their price objective on shares of Manhattan Associates from $195.00 to $250.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. DA Davidson boosted their price objective on shares of Manhattan Associates from $225.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Redburn Atlantic downgraded shares of Manhattan Associates from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $270.00 to $200.00 in a research report on Tuesday, June 10th. Finally, Robert W. Baird boosted their target price on shares of Manhattan Associates from $212.00 to $230.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Manhattan Associates presently has an average rating of "Moderate Buy" and a consensus price target of $216.67.

Insider Buying and Selling

In related news, EVP James Stewart Gantt sold 2,300 shares of the stock in a transaction on Friday, July 25th. The shares were sold at an average price of $220.33, for a total transaction of $506,759.00. Following the sale, the executive vice president directly owned 48,660 shares of the company's stock, valued at approximately $10,721,257.80. This represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Linda T. Hollembaek sold 2,024 shares of the stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $221.53, for a total transaction of $448,376.72. Following the transaction, the director directly owned 11,907 shares in the company, valued at approximately $2,637,757.71. The trade was a 14.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,666 shares of company stock valued at $9,251,781. Corporate insiders own 0.88% of the company's stock.

Manhattan Associates Profile

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.