Brokers Set Expectations for MANH Q1 Earnings

Manhattan Associates, Inc. (NASDAQ:MANH) – Stock analysts at DA Davidson issued their Q1 2025 earnings per share estimates for Manhattan Associates in a research report issued to clients and investors on Wednesday, January 29th. DA Davidson analyst G. Luria expects that the software maker will post earnings per share of $0.66 for the quarter. DA Davidson has a “Buy” rating and a $270.00 price target on the stock. The consensus estimate for Manhattan Associates’ current full-year earnings is $3.50 per share. DA Davidson also issued estimates for Manhattan Associates’ FY2025 earnings at $3.63 EPS.

A number of other analysts have also commented on MANH. Raymond James lowered their target price on shares of Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating for the company in a report on Wednesday. Truist Financial dropped their price objective on Manhattan Associates from $310.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday. Loop Capital reduced their target price on Manhattan Associates from $310.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday. Piper Sandler reaffirmed an “overweight” rating and issued a $268.00 price target (down from $326.00) on shares of Manhattan Associates in a research note on Wednesday. Finally, Robert W. Baird lifted their price objective on shares of Manhattan Associates from $263.00 to $304.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $273.33.

Manhattan Associates Price Performance

Shares of NASDAQ:MANH opened at $208.59 on Friday. The stock has a market cap of $12.74 billion, a price-to-earnings ratio of 59.43 and a beta of 1.52. The company has a 50 day moving average of $279.60 and a 200-day moving average of $271.32. Manhattan Associates has a one year low of $205.12 and a one year high of $312.60.

Insiders Place Their Bets

In other Manhattan Associates news, EVP James Stewart Gantt sold 3,475 shares of Manhattan Associates stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $288.10, for a total value of $1,001,147.50. Following the sale, the executive vice president now owns 42,812 shares of the company’s stock, valued at $12,334,137.20. This trade represents a 7.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Bruce Richards sold 4,150 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $289.73, for a total value of $1,202,379.50. Following the transaction, the senior vice president now directly owns 22,086 shares of the company’s stock, valued at $6,398,976.78. This represents a 15.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.

Institutional Trading of Manhattan Associates

Hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Performance Advisors LLP bought a new position in Manhattan Associates in the third quarter valued at $34,000. Synergy Asset Management LLC acquired a new stake in shares of Manhattan Associates in the fourth quarter valued at about $35,000. Ashton Thomas Securities LLC bought a new stake in Manhattan Associates during the third quarter worth about $42,000. Carolina Wealth Advisors LLC acquired a new position in Manhattan Associates during the third quarter valued at approximately $50,000. Finally, Brooklyn Investment Group bought a new position in Manhattan Associates in the third quarter valued at approximately $58,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

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.