DA Davidson Expects Lower Earnings for Manhattan Associates

Manhattan Associates, Inc. (NASDAQ:MANH) – Analysts at DA Davidson reduced their FY2025 EPS estimates for Manhattan Associates in a research note issued to investors on Tuesday, April 15th. DA Davidson analyst W. Jellison now anticipates that the software maker will post earnings per share of $3.42 for the year, down from their previous forecast of $3.63. DA Davidson currently 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.

Several other equities analysts have also recently weighed in on MANH. William Blair upgraded shares of Manhattan Associates from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 13th. Raymond James cut their price objective on shares of Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating for the company in a report on Wednesday, January 29th. 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 report on Monday. Loop Capital restated a “hold” rating and set a $170.00 price objective (down from $275.00) on shares of Manhattan Associates in a research report on Thursday, April 10th. Finally, Piper Sandler cut their price target on shares of Manhattan Associates from $268.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $212.67.

Manhattan Associates Stock Up 1.5 %

MANH opened at $163.57 on Wednesday. The firm has a 50 day moving average price of $171.37 and a 200-day moving average price of $239.37. The stock has a market capitalization of $9.93 billion, a price-to-earnings ratio of 46.60 and a beta of 1.36. Manhattan Associates has a twelve month low of $140.81 and a twelve month high of $312.60.

Insider Buying and Selling at Manhattan Associates

In other Manhattan Associates news, CFO Dennis B. Story sold 2,788 shares of the business’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 completion of the transaction, the chief financial officer now directly owns 101,263 shares in the company, valued at approximately $17,298,758.29. The trade was a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On Manhattan Associates

Several institutional investors have recently bought and sold shares of MANH. SkyView Investment Advisors LLC boosted its stake in Manhattan Associates by 2.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 5,120 shares of the software maker’s stock worth $1,441,000 after purchasing an additional 102 shares in the last quarter. Sanctuary Advisors LLC grew its position in Manhattan Associates by 13.1% during the third quarter. Sanctuary Advisors LLC now owns 6,398 shares of the software maker’s stock valued at $1,794,000 after buying an additional 743 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Manhattan Associates in the 3rd quarter valued at about $502,000. Optimist Retirement Group LLC raised its stake in shares of Manhattan Associates by 9.0% during the 3rd quarter. Optimist Retirement Group LLC now owns 916 shares of the software maker’s stock worth $258,000 after buying an additional 76 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Manhattan Associates by 213.7% in the third 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. 98.45% of the stock is currently owned by institutional investors and hedge funds.

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.