Equities Analysts Set Expectations for MANH FY2025 Earnings

Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) - DA Davidson issued their FY2025 earnings per share (EPS) estimates for Manhattan Associates in a research note issued to investors on Wednesday, April 23rd. DA Davidson analyst W. Jellison forecasts that the software maker will post earnings of $3.11 per share for the year. DA Davidson has a "Buy" rating and a $200.00 price objective on the stock. The consensus estimate for Manhattan Associates' current full-year earnings is $3.30 per share. DA Davidson also issued estimates for Manhattan Associates' FY2026 earnings at $3.43 EPS.

Other research analysts have also issued reports about the stock. Piper Sandler dropped their price objective on shares of Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating on the stock in a research note on Friday, March 14th. Raymond James dropped their price objective on shares of Manhattan Associates from $305.00 to $270.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 29th. Robert W. Baird dropped their price objective on shares of Manhattan Associates from $282.00 to $225.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 18th. Truist Financial raised their price objective on shares of Manhattan Associates from $180.00 to $190.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Finally, William Blair raised shares of Manhattan Associates from a "market perform" rating to an "outperform" rating in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Manhattan Associates has an average rating of "Moderate Buy" and an average price target of $212.38.

Manhattan Associates Trading Down 0.2 %

NASDAQ MANH traded down $0.36 during mid-day trading on Friday, hitting $175.89. The company's stock had a trading volume of 212,956 shares, compared to its average volume of 571,179. Manhattan Associates has a twelve month low of $140.81 and a twelve month high of $312.60. The firm has a market capitalization of $10.68 billion, a price-to-earnings ratio of 50.11 and a beta of 1.36. The company's 50 day simple moving average is $168.82 and its 200 day simple moving average is $232.65.

Insider Activity at Manhattan Associates

In other news, CFO Dennis B. Story sold 2,788 shares of Manhattan Associates stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $170.83, for a total value of $476,274.04. Following the completion of the transaction, the chief financial officer now owns 101,263 shares in the company, valued at $17,298,758.29. This trade represents a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.72% of the stock is owned by insiders.

Hedge Funds Weigh In On Manhattan Associates

Large investors have recently modified their holdings of the business. Massachusetts Financial Services Co. MA grew its stake in Manhattan Associates by 101.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,673,776 shares of the software maker's stock valued at $452,321,000 after acquiring an additional 841,276 shares in the last quarter. Norges Bank purchased a new position in Manhattan Associates during the fourth quarter valued at approximately $201,377,000. JPMorgan Chase & Co. grew its stake in Manhattan Associates by 213.7% during the third quarter. JPMorgan Chase & Co. now owns 1,009,913 shares of the software maker's stock valued at $284,169,000 after acquiring an additional 687,933 shares in the last quarter. Franklin Resources Inc. grew its stake in Manhattan Associates by 43.2% during the fourth quarter. Franklin Resources Inc. now owns 1,916,509 shares of the software maker's stock valued at $517,917,000 after acquiring an additional 578,295 shares in the last quarter. Finally, Lazard Asset Management LLC grew its stake in Manhattan Associates by 2,075.5% during the fourth quarter. Lazard Asset Management LLC now owns 399,066 shares of the software maker's stock valued at $107,842,000 after acquiring an additional 380,722 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.

About Manhattan Associates

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Warehouse Management Solution for managing goods and information across the distribution centers; Manhattan Active Warehouse Management, a cloud native and version less application for the associate; and Transportation Management Solution for helping shippers navigate their way through the demands and meet customer service expectations at the lowest possible freight costs; Manhattan SCALE, a portfolio of logistics execution solution; and Manhattan Active Omni, which offers order management, store inventory and fulfillment, POS, and customer engagement tools for enterprises and stores.