Manhattan Associates (NASDAQ:MANH) CEO Sells $593,280.00 in Stock

Manhattan Associates, Inc. (NASDAQ:MANH) CEO Eric Andrew Clark sold 3,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $197.76, for a total value of $593,280.00. Following the transaction, the chief executive officer owned 89,638 shares of the company’s stock, valued at $17,726,810.88. The trade was a 3.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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 value of $146,770.00.

Manhattan Associates Stock Performance

Shares of Manhattan Associates stock opened at $200.92 on Friday. The stock has a market capitalization of $11.72 billion, a P/E ratio of 57.57 and a beta of 0.93. Manhattan Associates, Inc. has a 52-week low of $119.06 and a 52-week high of $220.59. The stock’s 50-day simple moving average is $158.68 and its 200 day simple moving average is $146.63.

Manhattan Associates (NASDAQ:MANH) last issued its earnings results on Tuesday, July 28th. The software maker reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.07. Manhattan Associates had a net margin of 18.67% and a return on equity of 86.72%. The firm had revenue of $297.79 million during the quarter, compared to analyst estimates of $289.03 million. During the same quarter last 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 forecast that Manhattan Associates, Inc. will post 3.87 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on MANH. Wall Street Zen lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Citigroup raised their price target on Manhattan Associates from $177.00 to $193.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Weiss Ratings upgraded Manhattan Associates from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 14th. Robert W. Baird boosted their price objective on Manhattan Associates from $186.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Finally, Stifel Nicolaus increased their price objective on Manhattan Associates from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Manhattan Associates currently has an average rating of “Moderate Buy” and an average target price of $209.20.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Eagle Bay Advisors LLC purchased a new stake in shares of Manhattan Associates in the fourth quarter worth $27,000. Caitong International Asset Management Co. Ltd grew its position in Manhattan Associates by 448.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock worth $28,000 after buying an additional 112 shares in the last quarter. Versant Capital Management Inc increased its stake in Manhattan Associates by 508.9% in the 2nd quarter. Versant Capital Management Inc now owns 274 shares of the software maker’s stock worth $38,000 after acquiring an additional 229 shares during the last quarter. BNP Paribas bought a new position in Manhattan Associates in the 4th quarter worth about $39,000. Finally, TD Private Client Wealth LLC raised its holdings in shares of Manhattan Associates by 83.8% in the 4th quarter. TD Private Client Wealth LLC now owns 239 shares of the software maker’s stock valued at $41,000 after acquiring an additional 109 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Company Profile

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.