Manhattan Associates (MANH) Scheduled to Post Quarterly Earnings on Tuesday

Manhattan Associates (NASDAQ:MANH) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, April 23rd. Analysts expect Manhattan Associates to post earnings of $0.87 per share for the quarter. Manhattan Associates has set its FY24 guidance at $3.69-3.79 EPS and its FY 2024 guidance at 3.690-3.790 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Tuesday, January 30th. The software maker reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.23. Manhattan Associates had a net margin of 19.01% and a return on equity of 84.08%. The business had revenue of $238.26 million for the quarter, compared to the consensus estimate of $223.99 million. On average, analysts expect Manhattan Associates to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Manhattan Associates Trading Down 3.1 %

NASDAQ MANH opened at $230.49 on Tuesday. Manhattan Associates has a 1-year low of $152.32 and a 1-year high of $266.94. The company has a market capitalization of $14.19 billion, a PE ratio of 81.73 and a beta of 1.44. The firm’s fifty day simple moving average is $248.11 and its 200-day simple moving average is $225.81.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Raymond James upped their price objective on shares of Manhattan Associates from $214.00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Citigroup assumed coverage on shares of Manhattan Associates in a report on Wednesday, March 13th. They set a “neutral” rating and a $260.00 price target for the company. Truist Financial upped their price target on shares of Manhattan Associates from $240.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $225.00 target price on shares of Manhattan Associates in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $231.29.

Insider Activity at Manhattan Associates

In related news, CEO Eddie Capel sold 10,897 shares of the stock in a transaction dated 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 owns 242,153 shares of the company’s stock, valued at $59,988,562.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP James Stewart Gantt sold 680 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $248.84, for a total value of $169,211.20. Following the completion of 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eddie Capel sold 10,897 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 242,153 shares of the company’s stock, valued at approximately $59,988,562.69. The disclosure for this sale can be found here. 0.85% of the stock is owned by corporate insiders.

Institutional Trading of Manhattan Associates

Several hedge funds have recently modified their holdings of MANH. Eagle Bay Advisors LLC acquired a new stake in shares of Manhattan Associates during the second quarter worth approximately $36,000. Compass Wealth Management LLC acquired a new stake in shares of Manhattan Associates during the fourth quarter worth approximately $42,000. Sunbelt Securities Inc. acquired a new stake in shares of Manhattan Associates during the first quarter worth approximately $65,000. First Capital Advisors Group LLC. acquired a new stake in shares of Manhattan Associates during the second quarter worth approximately $65,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Manhattan Associates by 74.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,241 shares of the software maker’s stock worth $151,000 after buying an additional 531 shares in the last quarter. Institutional investors and hedge funds 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.