GW&K Investment Management LLC Decreases Holdings in Manhattan Associates, Inc. $MANH

Key Points

• GW&K Investment Management trimmed its stake in Manhattan Associates by 20.5%, selling 61,303 shares and ending the quarter with 237,208 shares (about 0.39% of the company) valued at $48.624 million.
• Manhattan Associates beat quarterly expectations with $1.21 EPS (vs. $1.11 est.) and $270.39M revenue (up 5.7% y/y), set FY2026 guidance of 5.04–5.20 EPS, but the stock is trading lower amid mixed analyst views and an average price target of $218.75 ("Moderate Buy").

GW&K Investment Management LLC trimmed its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 20.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 237,208 shares of the software maker's stock after selling 61,303 shares during the period. GW&K Investment Management LLC owned about 0.39% of Manhattan Associates worth $48,624,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Manhattan Associates by 72.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,245 shares of the software maker's stock worth $2,124,000 after buying an additional 5,128 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Manhattan Associates by 9.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker's stock valued at $86,532,000 after acquiring an additional 41,571 shares during the period. Empowered Funds LLC bought a new position in shares of Manhattan Associates during the 1st quarter valued at approximately $987,000. Focus Partners Wealth raised its holdings in shares of Manhattan Associates by 181.4% in the 1st quarter. Focus Partners Wealth now owns 2,400 shares of the software maker's stock worth $415,000 after purchasing an additional 1,547 shares during the period. Finally, Sivia Capital Partners LLC bought a new stake in shares of Manhattan Associates in the 2nd quarter worth approximately $446,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MANH has been the subject of a number of recent research reports. Citigroup raised Manhattan Associates from a "neutral" rating to a "buy" rating and raised their target price for the stock from $200.00 to $208.00 in a research report on Thursday, January 15th. Barclays decreased their price objective on Manhattan Associates from $239.00 to $237.00 and set an "overweight" rating for the company in a report on Monday, January 12th. Morgan Stanley lowered their price objective on Manhattan Associates from $200.00 to $165.00 and set an "equal weight" rating on the stock in a research note on Monday, January 5th. Stifel Nicolaus cut their target price on shares of Manhattan Associates from $240.00 to $225.00 and set a "buy" rating for the company in a research report on Friday, January 23rd. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Manhattan Associates in a research report on Thursday, January 22nd. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $218.75.

Manhattan Associates Trading Down 3.2%

Shares of Manhattan Associates stock opened at $143.54 on Thursday. The company's 50-day moving average price is $157.11 and its 200-day moving average price is $180.97. Manhattan Associates, Inc. has a 12-month low of $127.86 and a 12-month high of $247.22. The company has a market cap of $8.59 billion, a price-to-earnings ratio of 39.87 and a beta of 1.05.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last issued its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.21 EPS for the quarter, beating the consensus estimate of $1.11 by $0.10. Manhattan Associates had a net margin of 20.34% and a return on equity of 75.61%. The company had revenue of $270.39 million during the quarter, compared to analysts' expectations of $264.69 million. During the same quarter in the previous year, the company earned $1.17 earnings per share. Manhattan Associates's revenue for the quarter was up 5.7% on a year-over-year basis. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. On average, sell-side analysts predict 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.

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