Q1 Earnings Estimate for MANH Issued By DA Davidson

Manhattan Associates, Inc. (NASDAQ:MANH) – Analysts at DA Davidson issued their Q1 2025 earnings estimates for Manhattan Associates in a note issued to investors on Wednesday, January 29th. DA Davidson analyst G. Luria expects that the software maker will post earnings of $0.66 per share for the quarter. DA Davidson currently has a “Buy” rating and a $270.00 price objective on the stock. The consensus estimate for Manhattan Associates’ current full-year earnings is $3.50 per share. DA Davidson also issued estimates for Manhattan Associates’ FY2025 earnings at $3.63 EPS.

Other research analysts also recently issued research reports about the stock. Citigroup decreased their price target on shares of Manhattan Associates from $306.00 to $303.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Raymond James decreased their price objective on shares of Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating for the company in a research report on Wednesday. Piper Sandler reissued an “overweight” rating and issued a $268.00 target price (down previously from $326.00) on shares of Manhattan Associates in a report on Wednesday. Loop Capital decreased their price target on Manhattan Associates from $310.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Robert W. Baird upped their price objective on Manhattan Associates from $263.00 to $304.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Manhattan Associates has a consensus rating of “Moderate Buy” and an average price target of $273.33.

Manhattan Associates Price Performance

MANH opened at $208.59 on Friday. The business has a fifty day moving average price of $279.60 and a 200 day moving average price of $271.55. Manhattan Associates has a 12 month low of $205.12 and a 12 month high of $312.60. The stock has a market capitalization of $12.74 billion, a price-to-earnings ratio of 59.43 and a beta of 1.52.

Insider Activity

In related news, EVP James Stewart Gantt sold 3,475 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $288.10, for a total value of $1,001,147.50. Following the transaction, the executive vice president now owns 42,812 shares in the company, valued at $12,334,137.20. The trade was a 7.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Bruce Richards sold 4,150 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $289.73, for a total value of $1,202,379.50. Following the sale, the senior vice president now directly owns 22,086 shares of the company’s stock, valued at $6,398,976.78. The trade was a 15.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On Manhattan Associates

Large investors have recently modified their holdings of the stock. Algert Global LLC lifted its stake in shares of Manhattan Associates by 26.8% in the 2nd quarter. Algert Global LLC now owns 2,435 shares of the software maker’s stock worth $601,000 after acquiring an additional 514 shares during the period. Creative Planning boosted its holdings in Manhattan Associates by 8.7% in the 2nd quarter. Creative Planning now owns 7,279 shares of the software maker’s stock valued at $1,796,000 after purchasing an additional 583 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Manhattan Associates by 12.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,559 shares of the software maker’s stock worth $631,000 after purchasing an additional 274 shares during the period. Cetera Investment Advisers raised its stake in shares of Manhattan Associates by 9.0% during the 2nd quarter. Cetera Investment Advisers now owns 4,240 shares of the software maker’s stock worth $1,046,000 after buying an additional 349 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Manhattan Associates in the second quarter valued at approximately $1,395,000. 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.