Manhattan Associates, Inc (NASDAQ: MANH) is -20.76% lower on its value in year-to-date trading and has touched a low of $205.12 and a high of $312.60 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MANH stock was last observed hovering at around $222.84 in the last trading session, with the day’s loss setting it -8.7%.
Currently trading at $214.14, the stock is -20.80% and -23.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.47 million and changing -3.90% at the moment leaves the stock -16.87% off its SMA200. MANH registered -5.21% loss for a year compared to 6-month gain of -16.02%. The firm has a 50-day simple moving average (SMA 50) of $281.8002 and a 200-day simple moving average (SMA200) of $257.72375.
The stock witnessed a -22.18% loss in the last 1 month and extending the period to 3 months gives it a -22.24%, and is -24.85% 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 5.11% over the week and 3.08% over the month.
Manhattan Associates, Inc (MANH) has around 4580 employees, a market worth around $13.08B and $1.04B in sales. Current P/E ratio is 61.01 and Fwd P/E is 42.46. Profit margin for the company is 20.95%. Distance from 52-week low is 4.40% and -31.50% from its 52-week high. The company has generated returns on investments over the last 12 months (62.94%).
with sales reaching $256.66M over the same period.The EPS is expected to shrink by -3.23% this year, but quarterly earnings will post 2.86% year-over-year. Quarterly sales are estimated to grow 0.83% in year-over-year returns.
895.0 institutions hold shares in Manhattan Associates, Inc (MANH), with institutional investors hold 103.90% of the company’s shares. The shares outstanding are 60.92M, and float is at 60.39M with Short Float at 2.87%. Institutions hold 102.66% 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
Manhattan Associates, Inc disclosed in a document filed with the SEC on Nov 29 ’24 that Richards Bruce (SVP, CLO & Secretary) sold a total of 4,150 shares of the company’s common stock. The trade occurred on Nov 29 ’24 and was made at $289.73 per share for $1.2 million. Following the transaction, the insider now directly holds 22086.0 shares of the MANH stock.
Still, SEC filings show that on Nov 26 ’24, Gantt James Stewart (EVP, Professional Services) disposed off 3,475 shares at an average price of $288.10 for $1.0 million. The insider now directly holds 42,812 shares of Manhattan Associates, Inc (MANH).
