Manhattan Associates (NASDAQ:MANH) Releases Quarterly Earnings Results

Manhattan Associates (NASDAQ:MANH - Get Free Report) announced its quarterly earnings results on Tuesday. The software maker reported $0.84 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.18), Zacks reports. Manhattan Associates had a net margin of 20.95% and a return on equity of 84.62%. The firm had revenue of $262.79 million for the quarter, compared to analyst estimates of $256.65 million. Manhattan Associates updated its FY 2025 guidance to 4.540-4.640 EPS.

Manhattan Associates Trading Up 0.3 %

Shares of NASDAQ MANH traded up $0.50 on Friday, reaching $174.71. 92,747 shares of the company traded hands, compared to its average volume of 569,231. The stock has a market capitalization of $10.61 billion, a PE ratio of 49.76 and a beta of 1.36. Manhattan Associates has a fifty-two week low of $140.81 and a fifty-two week high of $312.60. The company has a 50 day moving average of $169.45 and a 200 day moving average of $235.51.

Insider Buying and Selling

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $170.83, for a total transaction of $476,274.04. Following the transaction, the chief financial officer now owns 101,263 shares in the company, valued at $17,298,758.29. The trade was a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.72% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MANH. Loop Capital restated a "hold" rating and set a $170.00 price target (down previously from $275.00) on shares of Manhattan Associates in a report on Thursday, April 10th. Truist Financial lifted their target price on Manhattan Associates from $180.00 to $190.00 and gave the company a "buy" rating in a research report on Wednesday. William Blair upgraded Manhattan Associates from a "market perform" rating to an "outperform" rating in a report on Thursday, February 13th. Piper Sandler reduced their price objective on shares of Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. Finally, 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 research note on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Manhattan Associates currently has a consensus rating of "Moderate Buy" and an average target price of $212.38.

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.