Manhattan Associates, Inc. (NASDAQ: MANH) is 26.03% higher on its value in year-to-date trading and has touched a low of $182.97 and a high of $307.50 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MANH stock was last observed hovering at around $292.32 in the last trading session, with the day’s loss setting it -20.96%.
Currently trading at $271.36, the stock is -6.13% and -0.92% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.45 million and changing -7.17% at the moment leaves the stock 10.73% off its SMA200. MANH registered 47.16% gain for a year compared to 6-month gain of 31.52%. The firm has a 50-day simple moving average (SMA 50) of $273.8904 and a 200-day simple moving average (SMA200) of $245.0718.
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The stock witnessed a -5.12% loss in the last 1 month and extending the period to 3 months gives it a 9.92%, and is -10.55% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.77% over the week and 2.10% over the month.
Manhattan Associates, Inc. (MANH) has around 4580 employees, a market worth around $16.62B and $1.02B in sales. Current P/E ratio is 77.10 and Fwd P/E is 55.29. Profit margin for the company is 21.38%. Distance from 52-week low is 48.31% and -11.75% from its 52-week high. The company has generated returns on investments over the last 12 months (66.80%).
The EPS is expected to grow by 23.37% this year
858.0 institutions hold shares in Manhattan Associates, Inc. (MANH), with institutional investors hold 102.30% of the company’s shares. The shares outstanding are 61.57M, and float is at 60.55M with Short Float at 3.44%. Institutions hold 101.06% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 10.37 million shares valued at $2.56 billion. The investor’s holdings represent 16.8323 of the MANH Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 6.64 million shares valued at $1.64 billion to account for 10.7687 of the shares outstanding. The other top investors are ALLIANCEBERNSTEIN L.P. which holds 3.59 million shares representing 5.8272 and valued at over $885.83 million, while STATE STREET CORP holds 3.5543 of the shares totaling 2.19 million with a market value of $540.32 million.
Manhattan Associates, Inc. (MANH) Insider Activity
The most recent transaction is an insider sale by Richards Bruce, the company’s SVP, CLO & Secretary. SEC filings show that Richards Bruce sold 2,473 shares of the company’s common stock on Aug 28 ’24 at a price of $261.00 per share for a total of $0.65 million. Following the sale, the insider now owns 27763.0 shares.
Manhattan Associates, Inc. disclosed in a document filed with the SEC on Aug 29 ’24 that Richards Bruce (SVP, CLO & Secretary) sold a total of 1,527 shares of the company’s common stock. The trade occurred on Aug 29 ’24 and was made at $261.00 per share for $0.4 million. Following the transaction, the insider now directly holds 26236.0 shares of the MANH stock.
Still, SEC filings show that on Aug 29 ’24, BRUCE S RICHARDS (Officer) Proposed Sale 1,527 shares at an average price of $261.00 for $0.4 million. The insider now directly holds shares of Manhattan Associates, Inc. (MANH).
