Manhattan Associates (NASDAQ:MANH - Get Free Report) released its quarterly earnings data on Tuesday. The software maker reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.19, Briefing.com reports. The company had revenue of $272.42 million for the quarter, compared to the consensus estimate of $263.62 million. Manhattan Associates had a return on equity of 83.52% and a net margin of 20.67%. The company's quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.18 earnings per share. Manhattan Associates updated its FY 2025 guidance to 4.760-4.840 EPS.
Manhattan Associates Trading Up 1.5%
Shares of Manhattan Associates stock opened at $202.79 on Wednesday. The company's fifty day simple moving average is $193.79 and its two-hundred day simple moving average is $194.40. The company has a market cap of $12.31 billion, a P/E ratio of 57.94 and a beta of 1.08. Manhattan Associates has a 12-month low of $140.81 and a 12-month high of $312.60.
Institutional Trading of Manhattan Associates
A number of hedge funds and other institutional investors have recently modified their holdings of MANH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Manhattan Associates by 72.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,245 shares of the software maker's stock worth $2,124,000 after acquiring an additional 5,128 shares during the period. Goldman Sachs Group Inc. grew its holdings in Manhattan Associates by 9.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker's stock valued at $86,532,000 after buying an additional 41,571 shares in the last quarter. Empowered Funds LLC purchased a new stake in Manhattan Associates during the 1st quarter valued at approximately $987,000. Finally, Focus Partners Wealth grew its holdings in Manhattan Associates by 181.4% during the 1st quarter. Focus Partners Wealth now owns 2,400 shares of the software maker's stock valued at $415,000 after buying an additional 1,547 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
MANH has been the subject of several recent research reports. Morgan Stanley initiated coverage on shares of Manhattan Associates in a research report on Monday, July 14th. They set an "underweight" rating and a $190.00 target price for the company. Redburn Atlantic cut shares of Manhattan Associates from a "buy" rating to a "neutral" rating and dropped their target price for the company from $270.00 to $200.00 in a research report on Tuesday, June 10th. Citigroup reiterated a "neutral" rating and set a $200.00 target price (up previously from $177.00) on shares of Manhattan Associates in a research report on Wednesday, July 16th. Robert W. Baird upped their price objective on shares of Manhattan Associates from $212.00 to $230.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Finally, Truist Financial upped their price objective on shares of Manhattan Associates from $190.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Manhattan Associates currently has a consensus rating of "Hold" and a consensus price target of $213.89.
View Our Latest Stock Analysis on MANH
Manhattan Associates Company Profile
(
Get Free Report)
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.
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