Brown Capital Management LLC Sells 228,609 Shares of Manhattan Associates, Inc. $MANH

Brown Capital Management LLC lowered its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 35.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 419,623 shares of the software maker’s stock after selling 228,609 shares during the period. Manhattan Associates accounts for approximately 3.5% of Brown Capital Management LLC’s portfolio, making the stock its 9th biggest position. Brown Capital Management LLC’s holdings in Manhattan Associates were worth $86,014,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of MANH. Whipplewood Advisors LLC lifted its stake in Manhattan Associates by 907.7% during the 2nd quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker’s stock valued at $26,000 after acquiring an additional 118 shares during the period. Eastern Bank purchased a new position in shares of Manhattan Associates during the third quarter worth $30,000. Hantz Financial Services Inc. lifted its position in Manhattan Associates by 1,000.0% during the second quarter. Hantz Financial Services Inc. now owns 308 shares of the software maker’s stock valued at $61,000 after purchasing an additional 280 shares during the period. Allworth Financial LP lifted its position in Manhattan Associates by 127.7% during the second quarter. Allworth Financial LP now owns 435 shares of the software maker’s stock valued at $86,000 after purchasing an additional 244 shares during the period. Finally, Employees Retirement System of Texas purchased a new stake in Manhattan Associates in the second quarter valued at $99,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analyst Upgrades and Downgrades

MANH has been the subject of a number of recent research reports. DA Davidson reduced their price objective on Manhattan Associates from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Truist Financial set a $240.00 target price on Manhattan Associates in a report on Thursday, January 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Manhattan Associates in a report on Thursday, January 22nd. Citigroup upgraded Manhattan Associates from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $200.00 to $208.00 in a research report on Thursday, January 15th. Finally, Morgan Stanley cut their target price on shares of Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating for the company in a report on Monday, January 5th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Manhattan Associates has a consensus rating of “Moderate Buy” and a consensus target price of $218.75.

Manhattan Associates Trading Down 0.2%

Shares of MANH stock opened at $150.69 on Tuesday. Manhattan Associates, Inc. has a 12-month low of $140.81 and a 12-month high of $247.22. The business’s 50 day moving average is $172.58 and its two-hundred day moving average is $192.17. The company has a market capitalization of $9.08 billion, a P/E ratio of 41.86 and a beta of 1.04.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, January 27th. The software maker reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.10. Manhattan Associates had a return on equity of 75.61% and a net margin of 20.34%.The business had revenue of $270.39 million during the quarter, compared to the consensus estimate of $264.69 million. During the same period in the prior year, the company posted $1.17 EPS. The business’s quarterly revenue 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, research analysts predict 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.