Key Points
- CEO Eric Andrew Clark sold 3,000 MANH shares at an average price of $197.76, generating $593,280 and reducing his direct stake by 3.24% to 89,638 shares.
- Manhattan Associates reported quarterly revenue of $297.79 million and EPS of $1.39, beating analyst estimates, while revenue rose 9.3% year over year.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $209.20; shares opened at $195.20, and institutional investors own 98.45% of the company.
Manhattan Associates, Inc. (NASDAQ:MANH - Get Free Report) CEO Eric Andrew Clark sold 3,000 shares of the company's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $197.76, for a total transaction of $593,280.00. Following the completion of the sale, the chief executive officer directly owned 89,638 shares in the company, valued at approximately $17,726,810.88. The trade was a 3.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Eric Andrew Clark also recently made the following trade(s):
- On Wednesday, June 10th, Eric Andrew Clark sold 1,000 shares of Manhattan Associates stock. The stock was sold at an average price of $146.77, for a total transaction of $146,770.00.
Manhattan Associates Stock Down 0.3%
Shares of MANH opened at $195.20 on Wednesday. The stock has a market cap of $11.38 billion, a price-to-earnings ratio of 55.93 and a beta of 0.93. Manhattan Associates, Inc. has a 12 month low of $119.06 and a 12 month high of $220.72. The company has a 50-day moving average price of $156.85 and a two-hundred day moving average price of $146.28.
Manhattan Associates (NASDAQ:MANH - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The software maker reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.32 by $0.07. Manhattan Associates had a return on equity of 86.72% and a net margin of 18.67%.The company had revenue of $297.79 million for the quarter, compared to the consensus estimate of $289.03 million. During the same period in the previous year, the business earned $1.31 earnings per share. The company's quarterly revenue was up 9.3% on a year-over-year basis. Equities research analysts expect that Manhattan Associates, Inc. will post 3.87 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several brokerages recently commented on MANH. DA Davidson boosted their price target on Manhattan Associates from $200.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Robert W. Baird increased their price objective on Manhattan Associates from $186.00 to $218.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. Barclays cut their price objective on Manhattan Associates from $239.00 to $201.00 and set an "overweight" rating for the company in a report on Friday, May 29th. Citigroup boosted their target price on shares of Manhattan Associates from $177.00 to $193.00 and gave the company a "buy" rating in a research note on Tuesday, July 21st. Finally, Wall Street Zen lowered shares of Manhattan Associates from a "buy" rating to a "hold" rating in a report on Sunday, July 12th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $209.20.
Get Our Latest Stock Report on MANH
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of MANH. Eagle Bay Advisors LLC acquired a new stake in Manhattan Associates during the 4th quarter valued at $27,000. Caitong International Asset Management Co. Ltd raised its position in Manhattan Associates by 448.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker's stock valued at $28,000 after purchasing an additional 112 shares during the last quarter. Versant Capital Management Inc boosted its stake in Manhattan Associates by 508.9% in the second quarter. Versant Capital Management Inc now owns 274 shares of the software maker's stock worth $38,000 after purchasing an additional 229 shares in the last quarter. BNP Paribas acquired a new position in Manhattan Associates in the fourth quarter worth $39,000. Finally, TD Private Client Wealth LLC grew its holdings in shares of Manhattan Associates by 83.8% during the fourth quarter. TD Private Client Wealth LLC now owns 239 shares of the software maker's stock worth $41,000 after purchasing an additional 109 shares during the last quarter. Institutional investors own 98.45% of the company's stock.
Manhattan Associates Company Profile
(
Get Free Report)
Manhattan Associates, Inc (NASDAQ: MANH) is a provider of supply chain and omnichannel commerce software solutions designed to optimize the flow of goods, information and funds across enterprise operations. Its flagship offerings include warehouse management, transportation management, order management and omnichannel fulfillment applications. These solutions are delivered through a cloud-native platform called Manhattan Active, which enables retailers, manufacturers, carriers and third-party logistics providers to orchestrate inventory, manage distribution and improve customer service in real time.
Key product areas include Manhattan Active Warehouse Management, which automates and optimizes warehouse operations from receiving through shipping; Manhattan Active Transportation Management, supporting carrier selection, routing and freight payment; and Manhattan Active Omni, which unifies order capture, inventory visibility and fulfillment across stores, distribution centers and e-commerce channels.
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