What is DA Davidson’s Estimate for MANH FY2024 Earnings?

Manhattan Associates, Inc. (NASDAQ:MANH) – DA Davidson increased their FY2024 earnings estimates for shares of Manhattan Associates in a note issued to investors on Wednesday, October 23rd. DA Davidson analyst G. Luria now anticipates that the software maker will post earnings per share of $3.40 for the year, up from their previous estimate of $2.97. DA Davidson has a “Buy” rating and a $315.00 price objective on the stock. The consensus estimate for Manhattan Associates’ current full-year earnings is $3.01 per share. DA Davidson also issued estimates for Manhattan Associates’ FY2025 earnings at $3.57 EPS.

A number of other research firms also recently weighed in on MANH. Citigroup raised their target price on shares of Manhattan Associates from $257.00 to $287.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. StockNews.com cut Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Robert W. Baird boosted their target price on shares of Manhattan Associates from $263.00 to $304.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Raymond James boosted their price objective on shares of Manhattan Associates from $255.00 to $305.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Truist Financial boosted their price target on Manhattan Associates from $275.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $286.38.

Manhattan Associates Stock Up 0.8 %

NASDAQ:MANH opened at $275.70 on Friday. Manhattan Associates has a twelve month low of $186.77 and a twelve month high of $307.50. The company has a market cap of $16.89 billion, a P/E ratio of 78.32 and a beta of 1.50. The business has a 50 day moving average price of $274.95 and a two-hundred day moving average price of $247.04.

Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, October 22nd. The software maker reported $1.35 earnings per share (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 analysts’ expectations of $262.90 million. Manhattan Associates had a return on equity of 86.65% and a net margin of 21.38%. The company’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.79 EPS.

Hedge Funds Weigh In On Manhattan Associates

Institutional investors and hedge funds have recently modified their holdings of the business. Tobam acquired a new stake in Manhattan Associates during the first quarter worth approximately $25,000. Innealta Capital LLC acquired a new stake in shares of Manhattan Associates during the 2nd quarter worth $26,000. International Assets Investment Management LLC bought a new position in shares of Manhattan Associates in the second quarter worth $27,000. Ashton Thomas Private Wealth LLC acquired a new position in Manhattan Associates in the second quarter valued at about $31,000. Finally, DT Investment Partners LLC acquired a new stake in Manhattan Associates during the second quarter worth about $31,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Manhattan Associates

In related news, EVP James Stewart Gantt sold 6,000 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $256.50, for a total value of $1,539,000.00. Following the completion of the sale, the executive vice president now directly owns 46,287 shares in the company, valued at $11,872,615.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.72% of the stock is 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.