Manhattan Associates (NASDAQ:MANH) Announces Earnings Results

Manhattan Associates (NASDAQ:MANH - Get Free Report) issued its earnings results on Tuesday. The software maker reported $0.84 EPS for the quarter, missing analysts' consensus estimates of $1.02 by ($0.18), Zacks reports. The business had revenue of $262.79 million during the quarter, compared to analyst estimates of $256.65 million. Manhattan Associates had a net margin of 20.95% and a return on equity of 84.62%. Manhattan Associates updated its FY 2025 guidance to 4.540-4.640 EPS.

Manhattan Associates Stock Up 0.2 %

Manhattan Associates stock traded up $0.37 during midday trading on Friday, reaching $174.58. The company's stock had a trading volume of 569,609 shares, compared to its average volume of 570,881. Manhattan Associates has a fifty-two week low of $140.81 and a fifty-two week high of $312.60. The company has a market cap of $10.60 billion, a P/E ratio of 49.74 and a beta of 1.36. The business has a 50-day simple moving average of $169.19 and a 200-day simple moving average of $234.34.

Insider Transactions at Manhattan Associates

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $170.83, for a total value of $476,274.04. Following the transaction, the chief financial officer now directly owns 101,263 shares in the company, valued at $17,298,758.29. This represents a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.72% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. StockNews.com cut shares of Manhattan Associates from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Robert W. Baird dropped their price objective on Manhattan Associates from $282.00 to $225.00 and set an "outperform" rating for the company in a research note on Tuesday, March 18th. Piper Sandler reduced their target price on shares of Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. Loop Capital reissued a "hold" rating and issued a $170.00 price target (down previously from $275.00) on shares of Manhattan Associates in a research report on Thursday, April 10th. Finally, Citigroup reduced their price objective on Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Manhattan Associates currently has a consensus rating of "Moderate Buy" and an average target price of $212.38.

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.