Research Analysts Issue Forecasts for Manhattan Associates, Inc.’s Q3 2024 Earnings (NASDAQ:MANH)

Manhattan Associates, Inc. (NASDAQ:MANH) – Equities research analysts at DA Davidson issued their Q3 2024 earnings per share estimates for shares of Manhattan Associates in a report issued on Wednesday, July 24th. DA Davidson analyst G. Luria expects that the software maker will earn $0.74 per share for the quarter. DA Davidson currently has a “Buy” rating and a $285.00 target price on the stock. The consensus estimate for Manhattan Associates’ current full-year earnings is $2.72 per share.

A number of other equities analysts have also commented on the stock. Rosenblatt Securities restated a “neutral” rating and issued a $225.00 price objective on shares of Manhattan Associates in a research report on Wednesday, April 24th. StockNews.com upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating in a research report on Wednesday. Citigroup lifted their target price on shares of Manhattan Associates from $220.00 to $257.00 and gave the company a “neutral” rating in a research report on Friday, June 28th. Loop Capital increased their price target on shares of Manhattan Associates from $250.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, William Blair reaffirmed a “market perform” rating on shares of Manhattan Associates in a report on Wednesday, April 24th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $257.43.

Manhattan Associates Price Performance

Manhattan Associates stock opened at $249.83 on Thursday. Manhattan Associates has a one year low of $182.97 and a one year high of $266.94. The firm has a market capitalization of $15.38 billion, a P/E ratio of 81.64 and a beta of 1.50. The business has a fifty day moving average price of $232.35 and a 200-day moving average price of $233.98.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings data on Tuesday, July 23rd. The software maker reported $1.18 EPS for the quarter, topping the consensus estimate of $0.96 by $0.22. Manhattan Associates had a net margin of 20.54% and a return on equity of 84.36%. The company had revenue of $265.30 million during the quarter, compared to the consensus estimate of $255.83 million. During the same period last year, the firm earned $0.63 EPS. Manhattan Associates’s revenue for the quarter was up 14.8% on a year-over-year basis.

Institutional Trading of Manhattan Associates

Several hedge funds have recently added to or reduced their stakes in MANH. Blue Trust Inc. boosted its position in Manhattan Associates by 259.4% during the fourth quarter. Blue Trust Inc. now owns 115 shares of the software maker’s stock valued at $25,000 after buying an additional 83 shares during the period. Tobam purchased a new stake in Manhattan Associates during the 1st quarter valued at about $25,000. Bear Mountain Capital Inc. bought a new position in Manhattan Associates during the 4th quarter worth approximately $26,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Manhattan Associates in the fourth quarter valued at approximately $26,000. Finally, Benjamin Edwards Inc. bought a new position in shares of Manhattan Associates in the first quarter worth approximately $27,000. 98.45% of the stock is owned by institutional investors.

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.