DA Davidson Raises Manhattan Associates (NASDAQ:MANH) Price Target to $315.00

Manhattan Associates (NASDAQ:MANH) had its target price boosted by DA Davidson from $285.00 to $315.00 in a research report report published on Wednesday morning, Benzinga reports. DA Davidson currently has a buy rating on the software maker’s stock. DA Davidson also issued estimates for Manhattan Associates’ Q4 2024 earnings at $0.69 EPS, FY2024 earnings at $3.40 EPS and FY2025 earnings at $3.57 EPS.

MANH has been the topic of a number of other reports. Truist Financial raised their price target on shares of Manhattan Associates from $275.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, October 11th. StockNews.com lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Loop Capital increased their price objective on Manhattan Associates from $265.00 to $285.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Robert W. Baird lifted their target price on shares of Manhattan Associates from $263.00 to $304.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Raymond James increased their target price on shares of Manhattan Associates from $255.00 to $305.00 and gave the company an “outperform” rating in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Manhattan Associates currently has a consensus rating of “Moderate Buy” and an average target price of $286.38.

Manhattan Associates Trading Up 0.8 %

Shares of MANH stock opened at $275.70 on Wednesday. The company has a market capitalization of $16.89 billion, a P/E ratio of 78.32 and a beta of 1.50. Manhattan Associates has a 12-month low of $186.77 and a 12-month high of $307.50. The business’s 50 day moving average is $274.95 and its two-hundred day moving average is $247.01.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, October 22nd. The software maker reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.29. The firm had revenue of $266.70 million for the quarter, compared to analyst estimates of $262.90 million. Manhattan Associates had a return on equity of 86.65% and a net margin of 21.38%. The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.79 EPS. On average, research analysts predict that Manhattan Associates will post 3.01 earnings per share for the current fiscal year.

Insider Activity at Manhattan Associates

In other Manhattan Associates news, EVP James Stewart Gantt sold 6,000 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $256.50, for a total transaction of $1,539,000.00. Following the completion of the sale, the executive vice president now owns 46,287 shares of the company’s stock, valued at $11,872,615.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.72% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MANH. Tobam purchased a new position in shares of Manhattan Associates during the 1st quarter worth approximately $25,000. Innealta Capital LLC purchased a new position in shares of Manhattan Associates during the second quarter worth $26,000. International Assets Investment Management LLC acquired a new stake in shares of Manhattan Associates in the second quarter valued at $27,000. DT Investment Partners LLC purchased a new stake in shares of Manhattan Associates in the 2nd quarter valued at $31,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Manhattan Associates during the 2nd quarter worth about $31,000. Hedge funds and other institutional investors 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.