Manhattan Associates (NASDAQ:MANH - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 4.950-4.970 for the period, compared to the consensus earnings per share estimate of 4.250. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion.
Manhattan Associates Price Performance
MANH stock traded up $4.64 on Tuesday, reaching $204.66. 487,952 shares of the company were exchanged, compared to its average volume of 731,628. The stock's fifty day moving average price is $210.27 and its 200 day moving average price is $197.10. Manhattan Associates has a 12 month low of $140.81 and a 12 month high of $312.60. The firm has a market capitalization of $12.38 billion, a PE ratio of 57.17 and a beta of 1.12.
Manhattan Associates (NASDAQ:MANH - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.31 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.19. Manhattan Associates had a net margin of 20.91% and a return on equity of 82.91%. The business had revenue of $272.42 million during the quarter, compared to analyst estimates of $263.62 million. During the same quarter in the prior year, the business earned $1.18 earnings per share. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. As a group, research analysts expect that Manhattan Associates will post 3.3 EPS for the current fiscal year.
Analyst Ratings Changes
MANH has been the subject of a number of research reports. Barclays initiated coverage on Manhattan Associates in a research report on Tuesday, October 7th. They issued an "overweight" rating and a $247.00 price objective for the company. Morgan Stanley lowered their price target on shares of Manhattan Associates from $205.00 to $195.00 and set an "underweight" rating on the stock in a report on Tuesday, October 14th. Truist Financial boosted their price target on shares of Manhattan Associates from $210.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Raymond James Financial boosted their price target on shares of Manhattan Associates from $195.00 to $250.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Finally, Citigroup reissued a "neutral" rating and issued a $200.00 price target (up previously from $177.00) on shares of Manhattan Associates in a report on Wednesday, July 16th. One 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 assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $222.91.
Get Our Latest Analysis on Manhattan Associates
Insider Buying and Selling at Manhattan Associates
In other Manhattan Associates news, EVP James Stewart Gantt sold 2,300 shares of the company's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $220.33, for a total transaction of $506,759.00. Following the transaction, the executive vice president directly owned 48,660 shares in the company, valued at approximately $10,721,257.80. This represents a 4.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Eddie Capel sold 37,342 shares of the company's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $222.18, for a total transaction of $8,296,645.56. Following the transaction, the chairman owned 162,988 shares in the company, valued at approximately $36,212,673.84. The trade was a 18.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,666 shares of company stock worth $9,251,781. Company insiders own 0.88% of the company's stock.
Institutional Investors Weigh In On Manhattan Associates
Several institutional investors and hedge funds have recently added to or reduced their stakes in MANH. Goldman Sachs Group Inc. grew its holdings in shares of Manhattan Associates by 9.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker's stock valued at $86,532,000 after acquiring an additional 41,571 shares in the last quarter. Lazard Asset Management LLC increased its position 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 purchasing an additional 25,543 shares during the last quarter. Worldquant Millennium Advisors LLC raised its stake in shares of Manhattan Associates by 31.5% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 260,837 shares of the software maker's stock worth $51,507,000 after purchasing an additional 62,455 shares in the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of Manhattan Associates in the 2nd quarter valued at approximately $49,204,000. Finally, Raymond James Financial Inc. boosted its holdings in shares of Manhattan Associates by 6.3% in the 2nd quarter. Raymond James Financial Inc. now owns 237,481 shares of the software maker's stock valued at $46,895,000 after buying an additional 14,069 shares during the last quarter. 98.45% of the stock is owned by institutional investors.
About Manhattan Associates
(
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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