Manhattan Associates (NASDAQ:MANH) Releases FY 2025 Earnings Guidance

Manhattan Associates (NASDAQ:MANH - Get Free Report) updated its FY 2025 earnings guidance on Tuesday. The company provided EPS guidance of 4.760-4.840 for the period, compared to the consensus EPS estimate of 4.601. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion.

Manhattan Associates Stock Performance

Shares of Manhattan Associates stock traded up $3.06 on Tuesday, hitting $202.79. 641,989 shares of the company traded hands, compared to its average volume of 636,745. The business has a 50-day simple moving average of $193.57 and a 200 day simple moving average of $194.85. Manhattan Associates has a 52 week low of $140.81 and a 52 week high of $312.60. The stock has a market capitalization of $12.31 billion, a P/E ratio of 57.94 and a beta of 1.08.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The software maker reported $0.97 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.12 by ($0.15). Manhattan Associates had a net margin of 20.67% and a return on equity of 83.52%. Research analysts expect that Manhattan Associates will post 3.3 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MANH. Citigroup reiterated a "neutral" rating and set a $200.00 price objective (up previously from $177.00) on shares of Manhattan Associates in a report on Wednesday, July 16th. DA Davidson lifted their price objective on shares of Manhattan Associates from $200.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Loop Capital upped their price objective on shares of Manhattan Associates from $170.00 to $200.00 and gave the stock a "hold" rating in a research note on Tuesday. Morgan Stanley assumed coverage on shares of Manhattan Associates in a research note on Monday, July 14th. They issued an "underweight" rating and a $190.00 price objective for the company. Finally, Redburn Atlantic lowered shares of Manhattan Associates from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $270.00 to $200.00 in a research note on Tuesday, June 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $213.89.

Hedge Funds Weigh In On Manhattan Associates

Several hedge funds and other institutional investors have recently bought and sold shares of MANH. Goldman Sachs Group Inc. grew its stake in shares of Manhattan Associates by 9.1% during the 1st 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 period. Empowered Funds LLC purchased a new position in Manhattan Associates in the 1st quarter valued at $987,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Manhattan Associates by 72.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,245 shares of the software maker's stock valued at $2,124,000 after purchasing an additional 5,128 shares in the last quarter. Finally, Focus Partners Wealth lifted its holdings in Manhattan Associates by 181.4% in the 1st quarter. Focus Partners Wealth now owns 2,400 shares of the software maker's stock valued at $415,000 after purchasing an additional 1,547 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

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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