DA Davidson Brokers Increase Earnings Estimates for MANH

Manhattan Associates, Inc. (NASDAQ:MANH) – Equities researchers at DA Davidson boosted their FY2025 earnings per share (EPS) estimates for Manhattan Associates in a research report issued to clients and 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 currently has a “Buy” rating and a $315.00 target price on the stock. The consensus estimate for Manhattan Associates’ current full-year earnings is $3.40 per share.

Several other equities analysts have also recently commented on the stock. Citigroup boosted their price target on shares of Manhattan Associates from $257.00 to $287.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Truist Financial boosted their target price on Manhattan Associates from $275.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Raymond James raised their price target on Manhattan Associates from $255.00 to $305.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Robert W. Baird boosted their price target on Manhattan Associates from $263.00 to $304.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, Loop Capital raised their price objective on shares of Manhattan Associates from $265.00 to $285.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Manhattan Associates has a consensus rating of “Moderate Buy” and an average price target of $286.38.

Manhattan Associates Stock Performance

Shares of MANH opened at $283.48 on Monday. The company has a market capitalization of $17.31 billion, a PE ratio of 80.53 and a beta of 1.52. The company’s 50 day moving average price is $277.28 and its 200 day moving average price is $250.18. Manhattan Associates has a 52 week low of $199.23 and a 52 week high of $307.50.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data on Tuesday, October 22nd. The software maker reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.29. The firm had revenue of $266.70 million during the quarter, compared to analyst estimates of $262.90 million. Manhattan Associates had a return on equity of 84.55% and a net margin of 21.38%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company posted $0.79 EPS.

Institutional Investors Weigh In On Manhattan Associates

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fidelis Capital Partners LLC lifted its stake in shares of Manhattan Associates by 3.2% in the third quarter. Fidelis Capital Partners LLC now owns 1,279 shares of the software maker’s stock valued at $347,000 after buying an additional 40 shares during the period. UMB Bank n.a. lifted its position in Manhattan Associates by 16.7% in the third quarter. UMB Bank n.a. now owns 301 shares of the software maker’s stock worth $85,000 after purchasing an additional 43 shares during the period. SkyView Investment Advisors LLC boosted its position in shares of Manhattan Associates by 0.9% during the 2nd quarter. SkyView Investment Advisors LLC now owns 5,018 shares of the software maker’s stock valued at $1,238,000 after acquiring an additional 46 shares in the last quarter. Huntington National Bank boosted its holdings in Manhattan Associates by 5.9% during the third quarter. Huntington National Bank now owns 879 shares of the software maker’s stock valued at $247,000 after purchasing an additional 49 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in Manhattan Associates by 3.3% in the third quarter. CIBC Asset Management Inc now owns 1,798 shares of the software maker’s stock valued at $506,000 after acquiring an additional 58 shares during the period. 98.45% of the stock is 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.