Q1 Earnings Estimate for MANH Issued By DA Davidson

Manhattan Associates, Inc. (NASDAQ:MANH) – Equities researchers at DA Davidson issued their Q1 2025 earnings estimates for Manhattan Associates in a research report issued to clients and investors on Monday, March 24th. DA Davidson analyst W. Jellison forecasts that the software maker will post earnings of $0.66 per share for the quarter. DA Davidson currently has a “Strong-Buy” rating on the stock. The consensus estimate for Manhattan Associates’ current full-year earnings is $3.30 per share. DA Davidson also issued estimates for Manhattan Associates’ FY2025 earnings at $3.63 EPS.

Several other analysts have also commented on the company. Raymond James cut their price objective on Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating for the company in a report on Wednesday, January 29th. Loop Capital reduced their price target on shares of Manhattan Associates from $310.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Citigroup lowered their price objective on shares of Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. Truist Financial cut their target price on shares of Manhattan Associates from $310.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Finally, Robert W. Baird decreased their price target on shares of Manhattan Associates from $282.00 to $225.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 18th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Manhattan Associates has a consensus rating of “Moderate Buy” and an average price target of $243.78.

Manhattan Associates Trading Down 2.2 %

NASDAQ:MANH opened at $175.62 on Wednesday. The company has a 50 day simple moving average of $200.18 and a two-hundred day simple moving average of $252.84. The company has a market cap of $10.73 billion, a PE ratio of 50.03 and a beta of 1.47. Manhattan Associates has a 12 month low of $163.10 and a 12 month high of $312.60.

Institutional Trading of Manhattan Associates

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Manhattan Associates by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 6,702,557 shares of the software maker’s stock valued at $1,811,299,000 after purchasing an additional 50,538 shares in the last quarter. FMR LLC raised its holdings in shares of Manhattan Associates by 16.2% during the 4th quarter. FMR LLC now owns 2,227,669 shares of the software maker’s stock worth $602,005,000 after acquiring an additional 310,257 shares in the last quarter. State Street Corp boosted its position in shares of Manhattan Associates by 0.6% during the 3rd quarter. State Street Corp now owns 2,203,139 shares of the software maker’s stock valued at $619,918,000 after acquiring an additional 12,787 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Manhattan Associates by 43.2% in the fourth quarter. Franklin Resources Inc. now owns 1,916,509 shares of the software maker’s stock valued at $517,917,000 after purchasing an additional 578,295 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Manhattan Associates by 3.1% in the fourth quarter. Invesco Ltd. now owns 1,861,160 shares of the software maker’s stock valued at $502,960,000 after purchasing an additional 55,334 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Dennis B. Story sold 2,788 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $170.83, for a total value of $476,274.04. Following the transaction, the chief financial officer now owns 101,263 shares of the company’s stock, valued at approximately $17,298,758.29. The trade was a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

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.