Manhattan Associates (NASDAQ:MANH) Announces Quarterly Earnings Results, Misses Expectations By $0.22 EPS

Key Points

• Manhattan Associates reported earnings per share of $0.96 for the quarter, which fell short of analysts' expectations by $0.22.
• The company has updated its fiscal year 2025 guidance, projecting earnings per share between $4.950 and $4.970.
• Insider selling activity saw executives divest a total of 41,666 shares worth over $9 million in recent months, indicating potential concerns about the company’s performance.

Manhattan Associates (NASDAQ:MANH - Get Free Report) issued its earnings results on Tuesday. The software maker reported $0.96 earnings per share for the quarter, missing analysts' consensus estimates of $1.18 by ($0.22), Zacks reports. Manhattan Associates had a return on equity of 82.91% and a net margin of 20.91%. Manhattan Associates updated its FY 2025 guidance to 4.950-4.970 EPS.

Manhattan Associates Price Performance

Shares of NASDAQ MANH traded up $4.64 during mid-day trading on Tuesday, hitting $204.66. 595,634 shares of the company's stock traded hands, compared to its average volume of 732,913. Manhattan Associates has a 1 year low of $140.81 and a 1 year high of $312.60. The company's 50-day moving average is $210.27 and its two-hundred day moving average is $197.10. The company has a market capitalization of $12.38 billion, a P/E ratio of 57.17 and a beta of 1.12.

Insider Buying and Selling

In other news, EVP James Stewart Gantt sold 2,300 shares of Manhattan Associates stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $220.33, for a total value of $506,759.00. Following the completion of the transaction, the executive vice president owned 48,660 shares in the company, valued at approximately $10,721,257.80. The trade was a 4.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Eddie Capel sold 37,342 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $222.18, for a total value of $8,296,645.56. Following the transaction, the chairman directly owned 162,988 shares in the company, valued at approximately $36,212,673.84. This represents a 18.64% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,666 shares of company stock worth $9,251,781. Corporate insiders own 0.88% of the company's stock.

Hedge Funds Weigh In On Manhattan Associates

Hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its stake in Manhattan Associates by 9.1% in the first quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker's stock worth $86,532,000 after purchasing an additional 41,571 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Manhattan Associates by 6.8% during the 2nd quarter. Lazard Asset Management LLC now owns 401,226 shares of the software maker's stock worth $79,228,000 after acquiring an additional 25,543 shares during the last quarter. Worldquant Millennium Advisors LLC boosted its holdings in Manhattan Associates by 31.5% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 260,837 shares of the software maker's stock valued at $51,507,000 after acquiring an additional 62,455 shares during the period. Qube Research & Technologies Ltd bought a new position in Manhattan Associates in the 2nd quarter valued at $49,204,000. Finally, Raymond James Financial Inc. increased its stake in Manhattan Associates by 6.3% in the second quarter. Raymond James Financial Inc. now owns 237,481 shares of the software maker's stock worth $46,895,000 after purchasing an additional 14,069 shares during the period. 98.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Loop Capital lifted their target price on shares of Manhattan Associates from $170.00 to $200.00 and gave the company a "hold" rating in a research note on Tuesday, July 22nd. DA Davidson increased their target price on Manhattan Associates from $225.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Zacks Research cut Manhattan Associates from a "strong-buy" rating to a "hold" rating in a report on Monday, September 22nd. Citigroup restated a "neutral" rating and issued a $200.00 price target (up from $177.00) on shares of Manhattan Associates in a research note on Wednesday, July 16th. Finally, Barclays assumed coverage on shares of Manhattan Associates in a research report on Tuesday, October 7th. They set an "overweight" rating and a $247.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $222.91.

Manhattan Associates Company Profile

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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