Q1 Earnings Forecast for MANH Issued By DA Davidson

Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) - DA Davidson issued their Q1 2025 EPS estimates for shares of Manhattan Associates in a note issued to investors on Monday, March 24th. DA Davidson analyst W. Jellison expects that the software maker will post earnings of $0.66 per share for the quarter. DA Davidson has a "Strong-Buy" rating on the stock. The consensus estimate for Manhattan Associates' current full-year earnings is $3.30 per share. DA Davidson also issued estimates for Manhattan Associates' FY2025 earnings at $3.63 EPS.

Several other equities research analysts have also recently commented on MANH. StockNews.com cut Manhattan Associates from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Truist Financial reduced their price target on shares of Manhattan Associates from $310.00 to $285.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Citigroup lowered their price objective on shares of Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. William Blair upgraded shares of Manhattan Associates from a "market perform" rating to an "outperform" rating in a research note on Thursday, February 13th. 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. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $243.78.

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Manhattan Associates Trading Down 0.8 %

MANH traded down $1.34 during trading on Wednesday, hitting $173.48. 691,685 shares of the company's stock traded hands, compared to its average volume of 529,360. Manhattan Associates has a 12-month low of $163.10 and a 12-month high of $312.60. The company's 50 day simple moving average is $198.17 and its two-hundred day simple moving average is $252.30. The stock has a market capitalization of $10.60 billion, a price-to-earnings ratio of 49.42 and a beta of 1.47.

Insider Activity at Manhattan Associates

In other news, CFO Dennis B. Story sold 2,788 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $170.83, for a total value of $476,274.04. Following the completion of the sale, the chief financial officer now directly owns 101,263 shares of the company's stock, valued at $17,298,758.29. This represents a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MANH. Ascent Group LLC raised its holdings in Manhattan Associates by 4.8% during the third quarter. Ascent Group LLC now owns 896 shares of the software maker's stock valued at $252,000 after acquiring an additional 41 shares during the period. Metis Global Partners LLC increased its position in Manhattan Associates by 7.0% during the 4th quarter. Metis Global Partners LLC now owns 837 shares of the software maker's stock valued at $226,000 after buying an additional 55 shares in the last quarter. BOKF NA raised its stake in Manhattan Associates by 0.4% in the fourth quarter. BOKF NA now owns 13,271 shares of the software maker's stock valued at $3,522,000 after buying an additional 55 shares during the last quarter. Kestra Investment Management LLC boosted its holdings in Manhattan Associates by 2.9% in the fourth quarter. Kestra Investment Management LLC now owns 2,055 shares of the software maker's stock worth $555,000 after acquiring an additional 57 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. grew its stake in shares of Manhattan Associates by 8.3% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 813 shares of the software maker's stock worth $220,000 after acquiring an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.

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.