Manhattan Associates, Inc. (NASDAQ:MANH – Free Report) – DA Davidson issued their Q2 2025 EPS estimates for shares of Manhattan Associates in a note issued to investors on Wednesday, April 23rd. DA Davidson analyst W. Jellison forecasts that the software maker will post earnings per share of $0.75 for the quarter. DA Davidson has a “Buy” rating and a $200.00 price target on the stock. The consensus estimate for Manhattan Associates’ current full-year earnings is $3.30 per share.
Other equities analysts also recently issued reports about the company. Raymond James lowered their price objective on Manhattan Associates from $305.00 to $270.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. Loop Capital restated a “hold” rating and issued a $170.00 target price (down previously from $275.00) on shares of Manhattan Associates in a report on Thursday, April 10th. William Blair raised Manhattan Associates from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 13th. Piper Sandler lowered their price objective on shares of Manhattan Associates from $268.00 to $200.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. Finally, StockNews.com lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $212.38.
Manhattan Associates Stock Up 1.3 %
NASDAQ MANH opened at $174.21 on Thursday. The company has a market capitalization of $10.58 billion, a price-to-earnings ratio of 49.63 and a beta of 1.36. Manhattan Associates has a twelve month low of $140.81 and a twelve month high of $312.60. The stock has a fifty day simple moving average of $169.45 and a 200 day simple moving average of $235.51.
Hedge Funds Weigh In On Manhattan Associates
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Twin Tree Management LP bought a new position in Manhattan Associates in the fourth quarter valued at $25,000. Whipplewood Advisors LLC purchased a new position in shares of Manhattan Associates during the 4th quarter valued at about $34,000. Central Pacific Bank Trust Division lifted its position in Manhattan Associates by 107.3% in the 1st quarter. Central Pacific Bank Trust Division now owns 199 shares of the software maker’s stock worth $34,000 after buying an additional 103 shares during the last quarter. Synergy Asset Management LLC purchased a new stake in Manhattan Associates in the fourth quarter worth approximately $35,000. Finally, Park Square Financial Group LLC purchased a new position in shares of Manhattan Associates during the fourth quarter worth approximately $38,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, CFO Dennis B. Story sold 2,788 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $170.83, for a total transaction of $476,274.04. Following the completion of the transaction, the chief financial officer now owns 101,263 shares in the company, valued at approximately $17,298,758.29. This represents a 2.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.72% of the stock is currently owned by corporate insiders.
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.
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