Brokers Offer Predictions for MANH Q4 Earnings

Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) - Equities research analysts at DA Davidson issued their Q4 2024 earnings estimates for Manhattan Associates in a research report issued on Wednesday, October 23rd. DA Davidson analyst G. Luria anticipates that the software maker will post earnings per share of $0.69 for the quarter. DA Davidson has a "Buy" rating and a $315.00 price target on the stock. The consensus estimate for Manhattan Associates' current full-year earnings is $3.01 per share.

A number of other equities research analysts have also recently weighed in on the stock. Raymond James lifted their price target on shares of Manhattan Associates from $255.00 to $305.00 and gave the company an "outperform" rating in a research report on Wednesday. StockNews.com lowered shares of Manhattan Associates from a "buy" rating to a "hold" rating in a research note on Thursday, August 1st. Robert W. Baird raised their price objective on shares of Manhattan Associates from $263.00 to $304.00 and gave the company an "outperform" rating in a research note on Tuesday. Citigroup raised their price objective on shares of Manhattan Associates from $257.00 to $287.00 and gave the company a "neutral" rating in a research note on Wednesday, September 25th. Finally, Loop Capital raised their price objective on shares of Manhattan Associates from $265.00 to $285.00 and gave the company a "buy" rating in a research note on Monday, September 16th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $286.38.

Manhattan Associates Stock Up 0.8 %

Shares of MANH traded up $2.13 during trading on Thursday, reaching $273.49. 685,598 shares of the company traded hands, compared to its average volume of 417,797. Manhattan Associates has a twelve month low of $182.97 and a twelve month high of $307.50. The stock has a market cap of $16.84 billion, a PE ratio of 88.68 and a beta of 1.50. The stock has a 50-day simple moving average of $274.18 and a 200-day simple moving average of $246.59.

Manhattan Associates (NASDAQ:MANH - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The software maker reported $1.35 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.29. Manhattan Associates had a net margin of 20.54% and a return on equity of 84.54%. The business had revenue of $266.70 million during the quarter, compared to analysts' expectations of $262.90 million. During the same period last year, the business earned $0.79 earnings per share. The business's revenue for the quarter was up 11.9% on a year-over-year basis.

Institutional Trading of Manhattan Associates

Several institutional investors have recently modified their holdings of MANH. Sunbelt Securities Inc. lifted its position in shares of Manhattan Associates by 57.1% during the 1st quarter. Sunbelt Securities Inc. now owns 779 shares of the software maker's stock worth $195,000 after buying an additional 283 shares during the last quarter. Capital Insight Partners LLC lifted its position in shares of Manhattan Associates by 0.7% during the 1st quarter. Capital Insight Partners LLC now owns 14,980 shares of the software maker's stock worth $3,748,000 after buying an additional 106 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Manhattan Associates by 67.7% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 3,312 shares of the software maker's stock worth $829,000 after buying an additional 1,337 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Manhattan Associates by 126.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 26,837 shares of the software maker's stock worth $6,715,000 after buying an additional 14,966 shares during the last quarter. Finally, State of Michigan Retirement System lifted its position in shares of Manhattan Associates by 2.5% during the 1st quarter. State of Michigan Retirement System now owns 16,131 shares of the software maker's stock worth $4,036,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.

Insider Buying and Selling

In related news, EVP James Stewart Gantt sold 6,000 shares of Manhattan Associates stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $256.50, for a total value of $1,539,000.00. Following the completion of the transaction, the executive vice president now owns 46,287 shares in the company, valued at $11,872,615.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.72% of the stock is owned by 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.