William Blair Issues Pessimistic Estimate for MANH Earnings

Key Points

• William Blair has reduced its Q3 2025 earnings estimate for Manhattan Associates to $0.77 per share, down from a previous forecast of $0.78.
• The company's last quarterly earnings report showed $1.31 EPS, surpassing the consensus estimate by $0.19, with revenue also exceeding expectations at $272.42 million.
• Analyst ratings are mixed, with one sell rating, four hold ratings, and six buy ratings, resulting in a consensus "Hold" rating and an average target price of $216.67.

Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) - Research analysts at William Blair lowered their Q3 2025 earnings estimates for shares of Manhattan Associates in a research report issued to clients and investors on Wednesday, July 23rd. William Blair analyst D. Becker now expects that the software maker will earn $0.77 per share for the quarter, down from their previous forecast of $0.78. The consensus estimate for Manhattan Associates' current full-year earnings is $3.30 per share. William Blair also issued estimates for Manhattan Associates' Q4 2025 earnings at $0.73 EPS, FY2025 earnings at $3.28 EPS, Q1 2026 earnings at $0.85 EPS, Q2 2026 earnings at $0.92 EPS, Q3 2026 earnings at $0.96 EPS, Q4 2026 earnings at $0.96 EPS and FY2026 earnings at $3.69 EPS.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.31 EPS for the quarter, topping the consensus estimate of $1.12 by $0.19. The company had revenue of $272.42 million for the quarter, compared to analyst estimates of $263.62 million. Manhattan Associates had a net margin of 20.91% and a return on equity of 82.91%. Manhattan Associates's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.18 EPS.

Several other research firms also recently issued reports on MANH. Morgan Stanley assumed coverage on shares of Manhattan Associates in a report on Monday, July 14th. They set an "underweight" rating and a $190.00 price objective for the company. Raymond James Financial upped their price objective on shares of Manhattan Associates from $195.00 to $250.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. DA Davidson upped their price objective on shares of Manhattan Associates from $225.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. 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 report on Tuesday, July 22nd. Finally, Robert W. Baird upped their price objective on shares of Manhattan Associates from $212.00 to $230.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $216.67.

Manhattan Associates Trading Down 1.1%

NASDAQ MANH opened at $217.75 on Monday. The company has a fifty day simple moving average of $195.27 and a 200 day simple moving average of $192.76. The company has a market cap of $13.22 billion, a P/E ratio of 60.82 and a beta of 1.08. Manhattan Associates has a 1 year low of $140.81 and a 1 year high of $312.60.

Hedge Funds Weigh In On Manhattan Associates

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BOKF NA lifted its holdings in shares of Manhattan Associates by 0.4% during the 4th quarter. BOKF NA now owns 13,271 shares of the software maker's stock worth $3,522,000 after acquiring an additional 55 shares during the period. Cordatus Wealth Management LLC lifted its holdings in shares of Manhattan Associates by 4.9% during the 1st quarter. Cordatus Wealth Management LLC now owns 1,229 shares of the software maker's stock worth $213,000 after acquiring an additional 57 shares during the period. Credit Agricole S A lifted its holdings in shares of Manhattan Associates by 1.3% during the 1st quarter. Credit Agricole S A now owns 4,858 shares of the software maker's stock worth $841,000 after acquiring an additional 64 shares during the period. Quent Capital LLC lifted its holdings in shares of Manhattan Associates by 3.5% during the 2nd quarter. Quent Capital LLC now owns 1,947 shares of the software maker's stock worth $384,000 after acquiring an additional 65 shares during the period. Finally, Linden Thomas Advisory Services LLC lifted its holdings in shares of Manhattan Associates by 1.1% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 6,552 shares of the software maker's stock worth $1,134,000 after acquiring an additional 73 shares during the period. 98.45% of the stock is owned by institutional investors.

About Manhattan Associates

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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