Equities Analysts Issue Forecasts for MANH Q1 Earnings

Manhattan Associates, Inc. (NASDAQ:MANH) – Analysts at DA Davidson issued their Q1 2025 earnings per share estimates for Manhattan Associates in a report issued on Monday, March 24th. DA Davidson analyst W. Jellison forecasts that the software maker will earn $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.

MANH has been the subject of a number of other reports. StockNews.com downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Citigroup dropped their target price on shares of Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Truist Financial reduced their price target on Manhattan Associates from $310.00 to $285.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. William Blair upgraded Manhattan Associates from a “market perform” rating to an “outperform” rating in a report on Thursday, February 13th. Finally, Raymond James reduced their target price on Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Manhattan Associates presently has a consensus rating of “Moderate Buy” and an average price target of $243.78.

Manhattan Associates Trading Up 0.9 %

Shares of NASDAQ:MANH opened at $179.55 on Wednesday. Manhattan Associates has a 1-year low of $163.10 and a 1-year high of $312.60. The stock has a market capitalization of $10.97 billion, a P/E ratio of 51.15 and a beta of 1.47. The business has a 50-day moving average price of $202.16 and a two-hundred day moving average price of $253.38.

Institutional Investors Weigh In On Manhattan Associates

A number of hedge funds and other institutional investors have recently made changes to their positions in MANH. Quest Partners LLC increased its holdings in Manhattan Associates by 74,900.0% during the 3rd quarter. Quest Partners LLC now owns 750 shares of the software maker’s stock worth $211,000 after purchasing an additional 749 shares in the last quarter. Pathstone Holdings LLC boosted its position in shares of Manhattan Associates by 2.0% during the third quarter. Pathstone Holdings LLC now owns 9,739 shares of the software maker’s stock worth $2,740,000 after buying an additional 192 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Manhattan Associates by 50.3% during the third quarter. PNC Financial Services Group Inc. now owns 4,751 shares of the software maker’s stock worth $1,337,000 after buying an additional 1,591 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in Manhattan Associates in the 3rd quarter valued at approximately $747,000. Finally, Raymond James Trust N.A. lifted its stake in Manhattan Associates by 10.0% in the 3rd quarter. Raymond James Trust N.A. now owns 2,239 shares of the software maker’s stock valued at $630,000 after acquiring an additional 204 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Manhattan Associates

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of Manhattan Associates stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.72% 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.