Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) - William Blair issued their Q2 2024 earnings per share (EPS) estimates for Manhattan Associates in a research note issued to investors on Wednesday, April 24th. William Blair analyst D. Becker forecasts that the software maker will post earnings of $0.64 per share for the quarter. William Blair has a "Market Perform" rating on the stock. The consensus estimate for Manhattan Associates' current full-year earnings is $2.72 per share. William Blair also issued estimates for Manhattan Associates' Q3 2024 earnings at $0.66 EPS, Q4 2024 earnings at $0.61 EPS, FY2024 earnings at $2.65 EPS, Q1 2025 earnings at $0.75 EPS, Q2 2025 earnings at $0.78 EPS, Q3 2025 earnings at $0.87 EPS, Q4 2025 earnings at $0.76 EPS and FY2025 earnings at $3.16 EPS.
Manhattan Associates (NASDAQ:MANH - Get Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The software maker reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.23. Manhattan Associates had a return on equity of 85.28% and a net margin of 19.91%. The firm had revenue of $238.26 million for the quarter, compared to analyst estimates of $223.99 million.
Several other equities research analysts also recently commented on MANH. Raymond James boosted their price objective on Manhattan Associates from $214.00 to $250.00 and gave the company an "outperform" rating in a report on Wednesday, January 31st. Rosenblatt Securities restated a "neutral" rating and set a $225.00 price objective on shares of Manhattan Associates in a report on Wednesday, April 24th. DA Davidson upgraded Manhattan Associates from a "neutral" rating to a "buy" rating and upped their price target for the stock from $220.00 to $240.00 in a report on Thursday. Citigroup decreased their price target on Manhattan Associates from $260.00 to $220.00 and set a "neutral" rating for the company in a report on Wednesday, April 24th. Finally, Truist Financial upped their price target on Manhattan Associates from $240.00 to $260.00 and gave the stock a "buy" rating in a report on Wednesday, January 31st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Manhattan Associates has a consensus rating of "Moderate Buy" and a consensus target price of $234.86.
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Manhattan Associates Stock Performance
Shares of NASDAQ MANH traded up $0.81 during midday trading on Monday, hitting $209.83. 393,785 shares of the stock traded hands, compared to its average volume of 389,649. The company has a market cap of $12.92 billion, a PE ratio of 68.57 and a beta of 1.44. Manhattan Associates has a one year low of $165.37 and a one year high of $266.94. The business has a 50 day moving average price of $242.96 and a two-hundred day moving average price of $227.07.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. CWM LLC grew its position in Manhattan Associates by 22.0% during the 3rd quarter. CWM LLC now owns 997 shares of the software maker's stock worth $197,000 after acquiring an additional 180 shares during the last quarter. AE Wealth Management LLC grew its position in Manhattan Associates by 119.8% during the 3rd quarter. AE Wealth Management LLC now owns 3,271 shares of the software maker's stock worth $647,000 after acquiring an additional 1,783 shares during the last quarter. UMB Bank n.a. grew its position in Manhattan Associates by 474.4% during the 3rd quarter. UMB Bank n.a. now owns 224 shares of the software maker's stock worth $44,000 after acquiring an additional 185 shares during the last quarter. Asset Management One Co. Ltd. grew its position in Manhattan Associates by 39.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 76,366 shares of the software maker's stock worth $15,095,000 after acquiring an additional 21,659 shares during the last quarter. Finally, Cavalier Investments LLC lifted its holdings in Manhattan Associates by 3.8% in the 3rd quarter. Cavalier Investments LLC now owns 8,652 shares of the software maker's stock worth $1,710,000 after buying an additional 315 shares during the period. Hedge funds and other institutional investors own 98.45% of the company's stock.
Insider Buying and Selling at Manhattan Associates
In other Manhattan Associates news, CEO Eddie Capel sold 10,897 shares of the company's stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $247.73, for a total value of $2,699,513.81. Following the completion of the transaction, the chief executive officer now owns 242,153 shares in the company, valued at approximately $59,988,562.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Eddie Capel sold 10,897 shares of the company's stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $247.73, for a total transaction of $2,699,513.81. Following the transaction, the chief executive officer now owns 242,153 shares of the company's stock, valued at approximately $59,988,562.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James Stewart Gantt sold 680 shares of the company's stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $248.84, for a total value of $169,211.20. Following the transaction, the executive vice president now directly owns 57,093 shares in the company, valued at approximately $14,207,022.12. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company's stock.
About Manhattan Associates
(
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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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