Eddie Capel Sells 23,000 Shares of Manhattan Associates, Inc. (MANH) Stock
Manhattan Associates, Inc. (NASDAQ:MANH) CEO Eddie Capel sold 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $42.04, for a total transaction of $966,920.00. Following the completion of the sale, the chief executive officer now directly owns 180,057 shares of the company’s stock, valued at $7,569,596.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Manhattan Associates, Inc. (NASDAQ MANH) opened at $41.38 on Friday. The company has a market capitalization of $2,852.45, a price-to-earnings ratio of 23.38 and a beta of 1.15.
Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Tuesday, October 24th. The software maker reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02. Manhattan Associates had a net margin of 20.38% and a return on equity of 74.19%. The business had revenue of $152.88 million during the quarter, compared to analysts’ expectations of $150.30 million. During the same period in the previous year, the company earned $0.50 earnings per share. Manhattan Associates’s revenue for the quarter was up .4% on a year-over-year basis. equities research analysts predict that Manhattan Associates, Inc. will post 1.75 earnings per share for the current fiscal year.
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MANH has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Manhattan Associates from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. SunTrust Banks, Inc. upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. BidaskClub cut shares of Manhattan Associates from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, KeyCorp restated a “hold” rating on shares of Manhattan Associates in a research note on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Manhattan Associates currently has a consensus rating of “Hold” and an average price target of $65.00.
Several institutional investors have recently modified their holdings of the company. Atlanta Capital Management Co. L L C lifted its stake in shares of Manhattan Associates by 1.3% in the second quarter. Atlanta Capital Management Co. L L C now owns 7,690,407 shares of the software maker’s stock worth $369,601,000 after buying an additional 98,471 shares during the last quarter. BlackRock Inc. raised its stake in Manhattan Associates by 0.9% during the 2nd quarter. BlackRock Inc. now owns 5,817,834 shares of the software maker’s stock valued at $279,604,000 after purchasing an additional 49,315 shares during the last quarter. Neuberger Berman Group LLC raised its stake in Manhattan Associates by 0.7% during the 2nd quarter. Neuberger Berman Group LLC now owns 4,540,884 shares of the software maker’s stock valued at $218,235,000 after purchasing an additional 30,624 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in Manhattan Associates by 219.8% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,868,470 shares of the software maker’s stock valued at $89,799,000 after purchasing an additional 1,284,125 shares during the last quarter. Finally, State Street Corp raised its stake in Manhattan Associates by 0.3% during the 2nd quarter. State Street Corp now owns 1,867,895 shares of the software maker’s stock valued at $89,771,000 after purchasing an additional 5,533 shares during the last quarter.
About Manhattan Associates
Manhattan Associates, Inc (Manhattan) is a developer and provider of supply chain commerce solutions. The Company operates through three geographical segments: the Americas, Europe, Middle East and Africa (EMEA), and the Asia Pacific (APAC). It is engaged in developing, selling, deploying, servicing and maintaining software solutions designed to manage supply chains, inventory and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers and other organizations.
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