What is DA Davidson's Forecast for MANH FY2025 Earnings?

Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) - Research analysts at DA Davidson dropped their FY2025 earnings per share estimates for shares of Manhattan Associates in a research note issued on Tuesday, April 15th. DA Davidson analyst W. Jellison now forecasts that the software maker will post earnings of $3.42 per share for the year, down from their previous estimate of $3.63. DA Davidson has a "Buy" rating and a $195.00 price target on the stock. The consensus estimate for Manhattan Associates' current full-year earnings is $3.30 per share.

A number of other research analysts also recently issued reports on MANH. Loop Capital restated a "hold" rating and issued a $170.00 price target (down from $275.00) on shares of Manhattan Associates in a research report on Thursday, April 10th. Citigroup reduced their price objective on shares of Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating for the company in a report on Friday, March 14th. StockNews.com downgraded Manhattan Associates from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Truist Financial cut their target price on shares of Manhattan Associates from $285.00 to $185.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Piper Sandler dropped their price target on Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating on the stock in a research note on Friday, March 14th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Manhattan Associates currently has an average rating of "Moderate Buy" and an average price target of $212.67.

Manhattan Associates Stock Up 1.5 %

Shares of Manhattan Associates stock traded up $2.48 on Wednesday, hitting $163.57. 643,555 shares of the company's stock traded hands, compared to its average volume of 562,760. Manhattan Associates has a 52-week low of $140.81 and a 52-week high of $312.60. The stock has a market cap of $9.93 billion, a P/E ratio of 46.60 and a beta of 1.36. The firm's 50-day moving average is $171.08 and its 200 day moving average is $238.61.

Insider Buying and Selling at Manhattan Associates

In other news, CFO Dennis B. Story sold 2,788 shares of the firm's stock in a transaction dated 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. This trade represents a 2.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.72% of the company's stock.

Hedge Funds Weigh In On Manhattan Associates

A number of hedge funds and other institutional investors have recently bought and sold shares of MANH. Massachusetts Financial Services Co. MA increased its stake in Manhattan Associates by 101.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,673,776 shares of the software maker's stock valued at $452,321,000 after purchasing an additional 841,276 shares in the last quarter. Norges Bank bought a new position in shares of Manhattan Associates during the 4th quarter valued at about $201,377,000. JPMorgan Chase & Co. grew its position in shares of Manhattan Associates by 213.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,009,913 shares of the software maker's stock valued at $284,169,000 after purchasing an additional 687,933 shares during the period. Franklin Resources Inc. raised its holdings in Manhattan Associates by 43.2% during the 4th quarter. Franklin Resources Inc. now owns 1,916,509 shares of the software maker's stock worth $517,917,000 after buying an additional 578,295 shares during the period. Finally, Lazard Asset Management LLC lifted its stake in Manhattan Associates by 2,075.5% in the fourth quarter. Lazard Asset Management LLC now owns 399,066 shares of the software maker's stock valued at $107,842,000 after buying an additional 380,722 shares in the last quarter. 98.45% of the stock is owned by institutional investors.

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.