William Blair Analysts Decrease Earnings Estimates for MANH

Manhattan Associates, Inc. (NASDAQ:MANH) – Equities researchers at William Blair decreased their Q3 2025 earnings estimates for shares of Manhattan Associates in a research report issued to clients and investors on Wednesday, July 23rd. William Blair analyst D. Becker now anticipates that the software maker will earn $0.77 per share for the quarter, down from their previous forecast of $0.78. The consensus estimate for Manhattan Associates’ current full-year earnings is $3.30 per share. William Blair also issued estimates for Manhattan Associates’ Q4 2025 earnings at $0.73 EPS, FY2025 earnings at $3.28 EPS, Q1 2026 earnings at $0.85 EPS, Q2 2026 earnings at $0.92 EPS, Q3 2026 earnings at $0.96 EPS, Q4 2026 earnings at $0.96 EPS and FY2026 earnings at $3.69 EPS.

Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, July 22nd. The software maker reported $1.31 EPS for the quarter, beating the consensus estimate of $1.12 by $0.19. The firm had revenue of $272.42 million during the quarter, compared to analysts’ expectations of $263.62 million. Manhattan Associates had a net margin of 20.91% and a return on equity of 82.91%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.18 EPS.

Several other equities analysts have also recently commented on MANH. Redburn Atlantic cut shares of Manhattan Associates from a “buy” rating to a “neutral” rating and cut their target price for the company from $270.00 to $200.00 in a research note on Tuesday, June 10th. Morgan Stanley initiated coverage on shares of Manhattan Associates in a research note on Monday, July 14th. They set an “underweight” rating and a $190.00 target price for the company. Raymond James Financial upped their target price on shares of Manhattan Associates from $195.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. Citigroup restated a “neutral” rating and issued a $200.00 price objective (up previously from $177.00) on shares of Manhattan Associates in a research note on Wednesday, July 16th. Finally, DA Davidson increased their price objective on shares of Manhattan Associates from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $216.67.

Manhattan Associates Price Performance

NASDAQ:MANH opened at $225.41 on Monday. The stock has a market cap of $13.63 billion, a P/E ratio of 62.96 and a beta of 1.08. Manhattan Associates has a one year low of $140.81 and a one year high of $312.60. The company has a fifty day moving average price of $196.51 and a 200 day moving average price of $192.68.

Institutional Investors Weigh In On Manhattan Associates

A number of hedge funds have recently made changes to their positions in MANH. Massachusetts Financial Services Co. MA increased its position in shares of Manhattan Associates by 101.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,673,776 shares of the software maker’s stock worth $452,321,000 after purchasing an additional 841,276 shares in the last quarter. Norges Bank acquired a new stake in shares of Manhattan Associates during the 4th quarter worth about $201,377,000. Franklin Resources Inc. increased its position in shares of Manhattan Associates by 43.2% during the 4th quarter. Franklin Resources Inc. now owns 1,916,509 shares of the software maker’s stock worth $517,917,000 after purchasing an additional 578,295 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Manhattan Associates by 1,214.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 606,038 shares of the software maker’s stock worth $104,869,000 after purchasing an additional 559,923 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Manhattan Associates by 101.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,100,410 shares of the software maker’s stock worth $190,415,000 after purchasing an additional 554,840 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Activity

In other news, EVP James Stewart Gantt sold 2,300 shares of the stock in a transaction on Friday, July 25th. The shares were sold at an average price of $220.33, for a total value of $506,759.00. Following the completion of the transaction, the executive vice president owned 48,660 shares in the company, valued at approximately $10,721,257.80. This represents a 4.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.72% 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.