Manhattan Associates, Inc. $MANH Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC cut its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH) by 11.7% in the fourth quarter, HoldingsChannel reports. The firm owned 660,294 shares of the software maker’s stock after selling 87,634 shares during the period. William Blair Investment Management LLC’s holdings in Manhattan Associates were worth $114,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Allianz Asset Management GmbH increased its stake in shares of Manhattan Associates by 33.8% during the third quarter. Allianz Asset Management GmbH now owns 55,421 shares of the software maker’s stock worth $11,360,000 after purchasing an additional 14,013 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in shares of Manhattan Associates by 30.6% during the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 187,555 shares of the software maker’s stock worth $32,505,000 after purchasing an additional 43,955 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Manhattan Associates by 22.7% during the third quarter. Alliancebernstein L.P. now owns 2,801,901 shares of the software maker’s stock worth $574,334,000 after purchasing an additional 518,321 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Manhattan Associates by 124.7% during the third quarter. Teacher Retirement System of Texas now owns 40,303 shares of the software maker’s stock worth $8,261,000 after purchasing an additional 22,368 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of Manhattan Associates by 19.3% during the third quarter. Bessemer Group Inc. now owns 654,914 shares of the software maker’s stock worth $134,245,000 after purchasing an additional 106,076 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Associates Price Performance

NASDAQ:MANH opened at $138.64 on Friday. The firm has a market capitalization of $8.20 billion, a price-to-earnings ratio of 38.83 and a beta of 0.95. The company’s 50-day moving average is $135.22 and its two-hundred day moving average is $154.01. Manhattan Associates, Inc. has a 1-year low of $119.06 and a 1-year high of $247.22.

Manhattan Associates (NASDAQ:MANH) last posted its earnings results on Tuesday, April 21st. The software maker reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.14. The company had revenue of $282.22 million for the quarter, compared to analyst estimates of $273.71 million. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. Manhattan Associates’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.19 EPS. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. As a group, equities analysts anticipate that Manhattan Associates, Inc. will post 3.75 earnings per share for the current fiscal year.

Manhattan Associates declared that its Board of Directors has approved a stock repurchase program on Thursday, March 5th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the software maker to repurchase up to 5.8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other Manhattan Associates news, EVP James Stewart Gantt sold 7,300 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $139.25, for a total value of $1,016,525.00. Following the transaction, the executive vice president directly owned 60,815 shares in the company, valued at $8,468,488.75. The trade was a 10.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.84% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MANH. Wall Street Zen cut shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Saturday. Citigroup dropped their price objective on shares of Manhattan Associates from $208.00 to $177.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Stifel Nicolaus set a $200.00 price objective on shares of Manhattan Associates in a research note on Wednesday. William Blair reaffirmed an “outperform” rating on shares of Manhattan Associates in a research note on Thursday, March 5th. Finally, DA Davidson reaffirmed a “buy” rating and set a $200.00 price objective on shares of Manhattan Associates in a research note on Wednesday. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Manhattan Associates currently has a consensus rating of “Moderate Buy” and an average price target of $202.91.

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.