GW&K Investment Management LLC Sells 61,303 Shares of Manhattan Associates, Inc. $MANH

GW&K Investment Management LLC lowered its stake in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 20.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 237,208 shares of the software maker’s stock after selling 61,303 shares during the period. GW&K Investment Management LLC’s holdings in Manhattan Associates were worth $48,624,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Midwest Professional Planners LTD. raised its position in Manhattan Associates by 1.9% during the second quarter. Midwest Professional Planners LTD. now owns 2,850 shares of the software maker’s stock valued at $563,000 after purchasing an additional 53 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Manhattan Associates by 3.3% during the 2nd quarter. NewEdge Advisors LLC now owns 1,852 shares of the software maker’s stock valued at $366,000 after purchasing an additional 59 shares during the last quarter. Archer Investment Corp increased its position in shares of Manhattan Associates by 8.6% during the 3rd quarter. Archer Investment Corp now owns 787 shares of the software maker’s stock valued at $161,000 after purchasing an additional 62 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Manhattan Associates by 0.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 14,363 shares of the software maker’s stock valued at $2,944,000 after buying an additional 67 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in Manhattan Associates by 1.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 5,622 shares of the software maker’s stock worth $1,152,000 after buying an additional 76 shares during the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Manhattan Associates Stock Down 3.2%

Shares of MANH stock opened at $143.54 on Thursday. The firm has a market capitalization of $8.59 billion, a price-to-earnings ratio of 39.87 and a beta of 1.05. The stock has a fifty day moving average of $157.11 and a 200 day moving average of $180.97. Manhattan Associates, Inc. has a 52 week low of $127.86 and a 52 week high of $247.22.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.21 EPS for the quarter, topping 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 business had revenue of $270.39 million during the quarter, compared to analyst estimates of $264.69 million. During the same period in the prior year, the business earned $1.17 EPS. The company’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. Equities research analysts anticipate that Manhattan Associates, Inc. will post 3.3 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on MANH shares. Morgan Stanley reduced their price target on shares of Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Monday, January 5th. Barclays cut their price objective on shares of Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating for the company in a research note on Monday, January 12th. DA Davidson reduced their target price on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Citigroup upgraded shares of Manhattan Associates from a “neutral” rating to a “buy” rating and upped their price target for the company from $200.00 to $208.00 in a research report on Thursday, January 15th. Finally, Stifel Nicolaus dropped their target price on Manhattan Associates from $240.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 23rd. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $218.75.

Manhattan Associates Company 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.