William Blair Issues Positive Estimate for MANH Earnings

Key Points

• William Blair has raised its Q2 2026 EPS estimate for Manhattan Associates to $0.98, an increase from the previous estimate of $0.92, while the current consensus full-year earnings estimate stands at $3.30 per share.
• During the latest quarterly earnings report, Manhattan Associates achieved an EPS of $1.36, surpassing the consensus estimate of $1.18, and reported revenues of $275.80 million, which exceeded expectations as well.
• Manhattan Associates has a Moderate Buy average rating from analysts with an average target price of $222.83, although several brokerages have recently adjusted their price targets downward.

Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) - Investment analysts at William Blair lifted their Q2 2026 EPS estimates for Manhattan Associates in a research note issued to investors on Wednesday, October 22nd. William Blair analyst D. Becker now expects that the software maker will post earnings of $0.98 per share for the quarter, up from their previous estimate of $0.92. The consensus estimate for Manhattan Associates' current full-year earnings is $3.30 per share.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last announced its quarterly earnings results on Tuesday, October 21st. The software maker reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.18. Manhattan Associates had a net margin of 20.25% and a return on equity of 78.80%. The company had revenue of $275.80 million during the quarter, compared to the consensus estimate of $271.66 million. During the same quarter in the previous year, the company posted $1.35 earnings per share. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. Manhattan Associates has set its FY 2025 guidance at 4.950-4.970 EPS.

Several other brokerages also recently issued reports on MANH. Raymond James Financial reduced their price target on shares of Manhattan Associates from $250.00 to $240.00 and set an "outperform" rating for the company in a report on Wednesday. Weiss Ratings reissued a "hold (c)" rating on shares of Manhattan Associates in a report on Wednesday, October 8th. Truist Financial set a $230.00 price objective on shares of Manhattan Associates in a research note on Wednesday. UBS Group set a $240.00 price objective on shares of Manhattan Associates in a research note on Wednesday. Finally, Stifel Nicolaus cut their price objective on shares of Manhattan Associates from $250.00 to $240.00 and set a "buy" rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $222.83.

Manhattan Associates Stock Performance

Shares of MANH opened at $194.68 on Friday. Manhattan Associates has a 1 year low of $140.81 and a 1 year high of $312.60. The company has a market cap of $11.77 billion, a price-to-earnings ratio of 55.46 and a beta of 1.12. The firm has a fifty day moving average of $209.18 and a 200-day moving average of $197.47.

Institutional Investors Weigh In On Manhattan Associates

Hedge funds and other institutional investors have recently bought and sold shares of the business. DAVENPORT & Co LLC bought a new stake in Manhattan Associates in the first quarter worth about $214,000. Allianz Asset Management GmbH raised its position in Manhattan Associates by 18.9% in the first quarter. Allianz Asset Management GmbH now owns 143,687 shares of the software maker's stock worth $24,864,000 after acquiring an additional 22,845 shares in the last quarter. IFM Investors Pty Ltd raised its position in Manhattan Associates by 11.0% in the first quarter. IFM Investors Pty Ltd now owns 13,201 shares of the software maker's stock worth $2,284,000 after acquiring an additional 1,303 shares in the last quarter. Bridges Investment Management Inc. raised its position in Manhattan Associates by 111.3% in the first quarter. Bridges Investment Management Inc. now owns 4,353 shares of the software maker's stock worth $753,000 after acquiring an additional 2,293 shares in the last quarter. Finally, Inspire Investing LLC raised its position in Manhattan Associates by 243.7% in the first quarter. Inspire Investing LLC now owns 22,948 shares of the software maker's stock worth $3,971,000 after acquiring an additional 16,271 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Insider Transactions at Manhattan Associates

In other Manhattan Associates news, Chairman Eddie Capel sold 37,342 shares of the business's stock in a transaction dated 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 sale, the chairman directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Linda T. Hollembaek sold 2,024 shares of the business's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $221.53, for a total transaction of $448,376.72. Following the completion of the sale, the director owned 11,907 shares in the company, valued at approximately $2,637,757.71. This trade represents a 14.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.88% of the stock is owned by insiders.

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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