Research Analysts Offer Predictions for Manhattan Associates, Inc.’s Q2 2024 Earnings (NASDAQ:MANH)

Manhattan Associates, Inc. (NASDAQ:MANH) – William Blair issued their Q2 2024 EPS estimates for shares of Manhattan Associates in a report issued on Wednesday, April 24th. William Blair analyst D. Becker expects that the software maker will post earnings of $0.64 per share for the quarter. William Blair currently has a “Market Perform” rating on the stock. The consensus estimate for Manhattan Associates’ current full-year earnings is $2.72 per share. William Blair also issued estimates for Manhattan Associates’ Q3 2024 earnings at $0.66 EPS, Q4 2024 earnings at $0.61 EPS, FY2024 earnings at $2.65 EPS, Q1 2025 earnings at $0.75 EPS, Q2 2025 earnings at $0.78 EPS, Q3 2025 earnings at $0.87 EPS, Q4 2025 earnings at $0.76 EPS and FY2025 earnings at $3.16 EPS.

Several other analysts have also issued reports on MANH. Truist Financial boosted their target price on shares of Manhattan Associates from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Raymond James boosted their target price on shares of Manhattan Associates from $214.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Citigroup cut their target price on shares of Manhattan Associates from $260.00 to $220.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Rosenblatt Securities restated a “neutral” rating and set a $225.00 target price on shares of Manhattan Associates in a research report on Wednesday, April 24th. Finally, DA Davidson upgraded shares of Manhattan Associates from a “neutral” rating to a “buy” rating and upped their price target for the stock from $220.00 to $240.00 in a research report on Thursday, April 25th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Manhattan Associates presently has an average rating of “Moderate Buy” and an average target price of $234.86.

Manhattan Associates Trading Down 1.8 %

Shares of NASDAQ MANH opened at $206.06 on Monday. The firm has a 50 day moving average of $242.96 and a 200 day moving average of $227.07. The firm has a market capitalization of $12.69 billion, a price-to-earnings ratio of 67.34 and a beta of 1.44. Manhattan Associates has a 12-month low of $165.37 and a 12-month high of $266.94.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Tuesday, January 30th. The software maker reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.23. The firm had revenue of $238.26 million during the quarter, compared to analyst estimates of $223.99 million. Manhattan Associates had a net margin of 19.91% and a return on equity of 85.28%.

Insiders Place Their Bets

In other Manhattan Associates news, CEO Eddie Capel sold 10,897 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $247.73, for a total value of $2,699,513.81. Following the completion of the transaction, the chief executive officer now directly owns 242,153 shares in the company, valued at $59,988,562.69. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP James Stewart Gantt sold 680 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $248.84, for a total value of $169,211.20. Following the transaction, the executive vice president now owns 57,093 shares of the company’s stock, valued at $14,207,022.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Eddie Capel sold 10,897 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $247.73, for a total transaction of $2,699,513.81. Following the completion of the transaction, the chief executive officer now directly owns 242,153 shares in the company, valued at approximately $59,988,562.69. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On Manhattan Associates

Several hedge funds have recently modified their holdings of MANH. Blue Trust Inc. lifted its holdings in shares of Manhattan Associates by 259.4% in the fourth quarter. Blue Trust Inc. now owns 115 shares of the software maker’s stock worth $25,000 after buying an additional 83 shares in the last quarter. Bear Mountain Capital Inc. purchased a new stake in Manhattan Associates during the fourth quarter valued at $26,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Manhattan Associates during the fourth quarter valued at $26,000. Benjamin Edwards Inc. purchased a new stake in Manhattan Associates during the first quarter valued at $27,000. Finally, Contravisory Investment Management Inc. purchased a new stake in Manhattan Associates during the first quarter valued at $31,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Manhattan Associates Company Profile

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.