Manhattan Associates, Inc (NASDAQ: MANH) is -36.82% lower on its value in year-to-date trading and has touched a low of $167.79 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 $169.06 in the last trading session, with the day’s gains setting it 1.67%.
Currently trading at $170.73, the stock is -5.10% and -25.10% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.85 million and changing 0.99% at the moment leaves the stock -32.60% off its SMA200. MANH registered -32.34% loss for a year compared to 6-month loss of -33.51%.
The stock witnessed a -14.94% gain in the last 1 month and extending the period to 3 months gives it a -42.53%, and is -3.48% 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 3.17% over the week and 3.69% over the month.
Manhattan Associates, Inc (MANH) has around 4690 employees, a market worth around $10.44B and $1.04B in sales. Current P/E ratio is 48.58 and Fwd P/E is 33.63. Profit margin for the company is 20.95%. Distance from 52-week low is 1.75% and -45.38% from its 52-week high. The company has generated returns on investments over the last 12 months (62.94%).
The EPS is expected to shrink by -3.44% this year.
Manhattan Associates, Inc (MANH) Top Institutional Holders
The shares outstanding are 60.92M, and float is at 60.25M with Short Float at 1.90%.
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
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Still, SEC filings show that on Nov 29 ’24, Richards Bruce (SVP, CLO & Secretary) disposed off 4,150 shares at an average price of $289.73 for $1.2 million. The insider now directly holds 22,086 shares of Manhattan Associates, Inc (MANH).
