William Blair Investment Management LLC Sells 160,406 Shares of Manhattan Associates, Inc. $MANH

William Blair Investment Management LLC cut its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 17.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 747,928 shares of the software maker’s stock after selling 160,406 shares during the quarter. William Blair Investment Management LLC owned about 1.24% of Manhattan Associates worth $153,310,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. increased its holdings in shares of Manhattan Associates by 27.7% in the third quarter. American Century Companies Inc. now owns 701,769 shares of the software maker’s stock valued at $143,849,000 after purchasing an additional 152,348 shares during the last quarter. Quantbot Technologies LP lifted its stake in shares of Manhattan Associates by 39.7% during the 3rd quarter. Quantbot Technologies LP now owns 16,238 shares of the software maker’s stock worth $3,328,000 after buying an additional 4,612 shares during the last quarter. Erste Asset Management GmbH bought a new stake in shares of Manhattan Associates during the 3rd quarter worth about $893,000. Xponance Inc. grew its stake in Manhattan Associates by 3.1% in the 3rd quarter. Xponance Inc. now owns 12,900 shares of the software maker’s stock valued at $2,644,000 after buying an additional 388 shares during the last quarter. Finally, Advisor OS LLC raised its holdings in Manhattan Associates by 25.7% in the 3rd quarter. Advisor OS LLC now owns 6,146 shares of the software maker’s stock valued at $1,260,000 after acquiring an additional 1,256 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus reduced their price objective on Manhattan Associates from $240.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Manhattan Associates in a research note on Thursday, January 22nd. Truist Financial set a $240.00 price objective on Manhattan Associates in a research report on Thursday, January 15th. Barclays reduced their target price on shares of Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Finally, Citigroup raised shares of Manhattan Associates from a “neutral” rating to a “buy” rating and raised their price target for the stock from $200.00 to $208.00 in a research report on Thursday, January 15th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $218.75.

Manhattan Associates Stock Performance

Shares of NASDAQ MANH opened at $135.43 on Friday. The stock has a market capitalization of $8.11 billion, a P/E ratio of 37.62 and a beta of 1.04. The stock’s fifty day moving average is $158.97 and its 200 day moving average is $182.49. Manhattan Associates, Inc. has a 52 week low of $127.86 and a 52 week high of $247.22.

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

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.