Q2 2024 Earnings Estimate for Manhattan Associates, Inc. Issued By DA Davidson (NASDAQ:MANH)

Manhattan Associates, Inc. (NASDAQ:MANH) – Research analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for Manhattan Associates in a research report issued on Wednesday, April 24th. DA Davidson analyst G. Luria anticipates that the software maker will earn $0.70 per share for the quarter. DA Davidson has a “Buy” rating and a $240.00 price target on the stock. The consensus estimate for Manhattan Associates’ current full-year earnings is $2.78 per share. DA Davidson also issued estimates for Manhattan Associates’ FY2024 earnings at $2.90 EPS and FY2025 earnings at $3.60 EPS.

Other equities research analysts also recently issued research reports about the company. Truist Financial raised their target price on Manhattan Associates from $240.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Rosenblatt Securities reissued a “neutral” rating and set a $225.00 price objective on shares of Manhattan Associates in a report on Wednesday. Raymond James raised their price objective on Manhattan Associates from $214.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Finally, Citigroup cut their price objective on Manhattan Associates from $260.00 to $220.00 and set a “neutral” rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.86.

Manhattan Associates Stock Performance

Shares of MANH stock opened at $208.30 on Thursday. The stock’s fifty day moving average price is $245.12 and its two-hundred day moving average price is $226.92. The company has a market cap of $12.83 billion, a PE ratio of 68.07 and a beta of 1.44. Manhattan Associates has a fifty-two week low of $163.43 and a fifty-two week high of $266.94.

Manhattan Associates (NASDAQ:MANH) last issued its earnings results on Tuesday, January 30th. The software maker reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.23. The firm had revenue of $238.26 million for the quarter, compared to the consensus estimate of $223.99 million. Manhattan Associates had a return on equity of 87.22% and a net margin of 19.91%.

Insider Buying and Selling

In related news, CEO Eddie Capel sold 10,897 shares of the firm’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 of the company’s stock, valued at approximately $59,988,562.69. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Eddie Capel sold 10,897 shares of Manhattan Associates stock in a transaction dated Tuesday, February 6th. The stock was 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 of the company’s stock, valued at approximately $59,988,562.69. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP James Stewart Gantt sold 680 shares of Manhattan Associates stock in a transaction dated Tuesday, February 6th. The stock was 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 directly owns 57,093 shares of the company’s stock, valued at $14,207,022.12. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Lindbrook Capital LLC grew its stake in shares of Manhattan Associates by 28.8% in the 4th quarter. Lindbrook Capital LLC now owns 206 shares of the software maker’s stock valued at $44,000 after buying an additional 46 shares during the period. Accurate Wealth Management LLC grew its stake in shares of Manhattan Associates by 4.1% in the 1st quarter. Accurate Wealth Management LLC now owns 1,371 shares of the software maker’s stock valued at $343,000 after buying an additional 54 shares during the period. Capital Insight Partners LLC grew its stake in shares of Manhattan Associates by 0.4% in the 3rd quarter. Capital Insight Partners LLC now owns 15,161 shares of the software maker’s stock valued at $2,997,000 after buying an additional 57 shares during the period. Signaturefd LLC grew its stake in shares of Manhattan Associates by 4.7% in the 3rd quarter. Signaturefd LLC now owns 1,274 shares of the software maker’s stock valued at $252,000 after buying an additional 57 shares during the period. Finally, UMB Bank n.a. grew its stake in shares of Manhattan Associates by 25.9% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the software maker’s stock valued at $61,000 after buying an additional 58 shares during the period. 98.45% of the stock is owned by institutional investors.

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.