Manhattan Associates, Inc. (NASDAQ:MANH) EVP Sells $655,551.00 in Stock

Manhattan Associates, Inc. (NASDAQ:MANH) EVP James Stewart Gantt sold 3,042 shares of Manhattan Associates stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $215.50, for a total transaction of $655,551.00. Following the completion of the sale, the executive vice president now owns 51,609 shares of the company’s stock, valued at approximately $11,121,739.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Manhattan Associates Stock Down 0.0 %

Shares of MANH opened at $221.25 on Friday. The company has a market capitalization of $13.62 billion, a price-to-earnings ratio of 83.81 and a beta of 1.51. Manhattan Associates, Inc. has a 52-week low of $113.43 and a 52-week high of $224.65. The stock has a 50 day moving average price of $201.63 and a 200 day moving average price of $192.69.

Manhattan Associates (NASDAQ:MANH) last issued its earnings results on Tuesday, October 24th. The software maker reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.26. Manhattan Associates had a net margin of 18.65% and a return on equity of 84.06%. The business had revenue of $238.44 million during the quarter, compared to analysts’ expectations of $226.33 million. On average, equities analysts anticipate that Manhattan Associates, Inc. will post 2.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Manhattan Associates

Several hedge funds have recently made changes to their positions in MANH. abrdn plc boosted its position in shares of Manhattan Associates by 15.7% in the 2nd quarter. abrdn plc now owns 27,825 shares of the software maker’s stock valued at $5,562,000 after purchasing an additional 3,768 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Manhattan Associates by 76.8% in the first quarter. Victory Capital Management Inc. now owns 23,752 shares of the software maker’s stock valued at $3,678,000 after acquiring an additional 10,314 shares during the period. Moloney Securities Asset Management LLC purchased a new position in shares of Manhattan Associates during the second quarter worth approximately $718,000. New Mexico Educational Retirement Board increased its holdings in shares of Manhattan Associates by 14.1% in the 1st quarter. New Mexico Educational Retirement Board now owns 11,300 shares of the software maker’s stock valued at $1,750,000 after acquiring an additional 1,400 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Manhattan Associates by 2.5% in the 1st quarter. American Century Companies Inc. now owns 1,280,782 shares of the software maker’s stock valued at $198,262,000 after acquiring an additional 31,104 shares during the period. Hedge funds and other institutional investors own 97.85% of the company’s stock.

Wall Street Analysts Forecast Growth

MANH has been the subject of a number of recent research reports. Loop Capital lifted their target price on Manhattan Associates from $220.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, September 14th. Truist Financial boosted their price objective on Manhattan Associates from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Rosenblatt Securities raised their target price on shares of Manhattan Associates from $196.00 to $200.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. StockNews.com initiated coverage on shares of Manhattan Associates in a report on Thursday, October 5th. They set a “buy” rating for the company. Finally, DA Davidson raised their price objective on shares of Manhattan Associates from $160.00 to $175.00 in a report on Wednesday, July 26th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Manhattan Associates currently has a consensus rating of “Moderate Buy” and an average price target of $211.33.

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 Manhattan SCALE, a portfolio of logistics execution solutions that provide trading partner management, yard management, optimization, warehouse management, and transportation execution services; and Manhattan Active, a set of enterprise and omnichannel solution, which include enterprise solutions and omnichannel solutions for store.