Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) - Equities research analysts at DA Davidson increased their FY2025 EPS estimates for Manhattan Associates in a research note issued to investors on Thursday, November 7th. DA Davidson analyst G. Luria now forecasts that the software maker will post earnings per share of $3.58 for the year, up from their previous forecast of $3.57. DA Davidson has a "Buy" rating and a $315.00 price objective on the stock. The consensus estimate for Manhattan Associates' current full-year earnings is $3.40 per share.
Other research analysts also recently issued reports about the stock. StockNews.com downgraded shares of Manhattan Associates from a "buy" rating to a "hold" rating in a research report on Thursday, August 1st. Truist Financial boosted their price objective on shares of Manhattan Associates from $275.00 to $310.00 and gave the company a "buy" rating in a research report on Friday, October 11th. Citigroup boosted their price objective on shares of Manhattan Associates from $257.00 to $287.00 and gave the company a "neutral" rating in a research report on Wednesday, September 25th. Raymond James boosted their target price on shares of Manhattan Associates from $255.00 to $305.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 23rd. Finally, Loop Capital boosted their target price on shares of Manhattan Associates from $265.00 to $285.00 and gave the stock a "buy" rating in a research note on Monday, September 16th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $286.38.
Check Out Our Latest Stock Report on MANH
Manhattan Associates Stock Performance
Shares of NASDAQ MANH traded down $0.40 during midday trading on Monday, reaching $283.08. The company's stock had a trading volume of 293,340 shares, compared to its average volume of 416,498. Manhattan Associates has a fifty-two week low of $199.23 and a fifty-two week high of $307.50. The company has a market cap of $17.29 billion, a P/E ratio of 80.53 and a beta of 1.52. The business's 50 day moving average price is $277.28 and its two-hundred day moving average price is $250.18.
Manhattan Associates (NASDAQ:MANH - Get Free Report) last released 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 21.38% and a return on equity of 84.55%. The company had revenue of $266.70 million during the quarter, compared to the consensus estimate of $262.90 million. During the same period in the previous year, the business earned $0.79 earnings per share. The firm's quarterly revenue was up 11.9% on a year-over-year basis.
Institutional Investors Weigh In On Manhattan Associates
A number of institutional investors and hedge funds have recently made changes to their positions in MANH. M&G Plc bought a new stake in Manhattan Associates in the 1st quarter worth about $77,433,000. Fiera Capital Corp bought a new stake in Manhattan Associates in the 2nd quarter worth about $44,705,000. Squarepoint Ops LLC grew its position in Manhattan Associates by 448.9% in the 2nd quarter. Squarepoint Ops LLC now owns 160,649 shares of the software maker's stock worth $39,629,000 after purchasing an additional 131,381 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Manhattan Associates by 173.2% during the 1st quarter. Russell Investments Group Ltd. now owns 163,497 shares of the software maker's stock valued at $40,893,000 after acquiring an additional 103,645 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Manhattan Associates by 118.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 173,644 shares of the software maker's stock valued at $48,860,000 after acquiring an additional 94,283 shares during the period. Institutional investors and hedge funds own 98.45% of the company's stock.
About Manhattan Associates
(
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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.
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