Manhattan Associates, Inc. (NASDAQ:MANH – Get Free Report) EVP James Stewart Gantt sold 5,139 shares of the firm’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $195.53, for a total value of $1,004,828.67. Following the completion of the sale, the executive vice president owned 55,676 shares in the company, valued at approximately $10,886,328.28. This represents a 8.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Manhattan Associates Stock Performance
Shares of NASDAQ:MANH traded up $0.39 on Friday, hitting $191.36. 799,013 shares of the company’s stock were exchanged, compared to its average volume of 763,130. Manhattan Associates, Inc. has a 1-year low of $119.06 and a 1-year high of $227.43. The company has a market capitalization of $11.32 billion, a PE ratio of 54.83 and a beta of 0.97. The firm’s 50-day moving average is $149.42 and its 200 day moving average is $145.16.
Manhattan Associates (NASDAQ:MANH – Get Free Report) last issued its earnings results on Tuesday, July 28th. The software maker reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.07. The business had revenue of $297.79 million for the quarter, compared to analyst estimates of $289.03 million. Manhattan Associates had a return on equity of 86.72% and a net margin of 18.67%.The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the company earned $1.31 EPS. On average, analysts anticipate that Manhattan Associates, Inc. will post 3.77 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
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Institutional Investors Weigh In On Manhattan Associates
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MANH. Wasatch Advisors LP boosted its holdings in shares of Manhattan Associates by 2.8% in the second quarter. Wasatch Advisors LP now owns 11,147 shares of the software maker’s stock valued at $1,552,000 after acquiring an additional 306 shares during the period. Handelsbanken Fonder AB increased its holdings in shares of Manhattan Associates by 5.6% in the 2nd quarter. Handelsbanken Fonder AB now owns 18,788 shares of the software maker’s stock valued at $2,616,000 after acquiring an additional 1,000 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Manhattan Associates by 8.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 126,378 shares of the software maker’s stock valued at $17,598,000 after acquiring an additional 10,265 shares during the period. Harbor Investment Advisory LLC purchased a new stake in Manhattan Associates in the 2nd quarter valued at $64,000. Finally, Versant Capital Management Inc raised its position in Manhattan Associates by 508.9% in the 2nd quarter. Versant Capital Management Inc now owns 274 shares of the software maker’s stock valued at $38,000 after purchasing an additional 229 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.
About Manhattan Associates
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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