Manhattan Associates (NASDAQ:MANH) Releases FY22 Earnings Guidance

Manhattan Associates (NASDAQ:MANHGet Rating) updated its FY22 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.14-2.22 for the period, compared to the Thomson Reuters consensus estimate of $2.05. The company issued revenue guidance of $720-727 million, compared to the consensus revenue estimate of $710.27 million.Manhattan Associates also updated its FY 2022 guidance to $2.140-$2.220 EPS.

Several research firms have weighed in on MANH. Raymond James upgraded shares of Manhattan Associates from a market perform rating to an outperform rating and set a $170.00 target price for the company in a report on Tuesday, March 22nd. StockNews.com upgraded shares of Manhattan Associates from a hold rating to a buy rating in a report on Thursday, April 7th. Finally, Rosenblatt Securities lowered their price target on shares of Manhattan Associates from $195.00 to $165.00 and set a buy rating for the company in a report on Wednesday, February 2nd. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Manhattan Associates presently has a consensus rating of Buy and a consensus target price of $182.57.

MANH traded down $5.25 during trading on Tuesday, hitting $129.50. 370,968 shares of the company’s stock were exchanged, compared to its average volume of 346,769. The firm has a market cap of $8.17 billion, a P/E ratio of 75.29 and a beta of 1.98. The stock has a 50 day moving average price of $135.12 and a 200 day moving average price of $146.53. Manhattan Associates has a 1 year low of $122.43 and a 1 year high of $188.52.

Manhattan Associates (NASDAQ:MANHGet Rating) last announced its earnings results on Tuesday, February 1st. The software maker reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.09. The business had revenue of $171.49 million during the quarter, compared to the consensus estimate of $162.85 million. Manhattan Associates had a net margin of 16.65% and a return on equity of 47.22%. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 earnings per share. Sell-side analysts forecast that Manhattan Associates will post 1.39 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in shares of Manhattan Associates by 3.8% during the fourth quarter. BlackRock Inc. now owns 6,043,245 shares of the software maker’s stock worth $939,665,000 after purchasing an additional 222,084 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Manhattan Associates by 10.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 492,933 shares of the software maker’s stock worth $76,646,000 after acquiring an additional 45,129 shares during the last quarter. Sei Investments Co. grew its position in shares of Manhattan Associates by 25.9% during the fourth quarter. Sei Investments Co. now owns 87,380 shares of the software maker’s stock worth $13,396,000 after acquiring an additional 17,990 shares during the last quarter. Allianz Asset Management GmbH grew its position in shares of Manhattan Associates by 367.4% during the fourth quarter. Allianz Asset Management GmbH now owns 67,208 shares of the software maker’s stock worth $10,450,000 after acquiring an additional 52,828 shares during the last quarter. Finally, Stifel Financial Corp grew its position in shares of Manhattan Associates by 3.3% during the fourth quarter. Stifel Financial Corp now owns 48,388 shares of the software maker’s stock worth $7,524,000 after acquiring an additional 1,549 shares during the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Manhattan Associates Company Profile (Get Rating)

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Manhattan SCALE, a portfolio of logistics execution solutions that provide trading partner management, yard management, optimization, warehouse management, and transportation execution services; and Manhattan Active, a set of enterprise and store omni-channel solutions.

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Earnings History and Estimates for Manhattan Associates (NASDAQ:MANH)

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