Manhattan Associates (NASDAQ:MANH) Trading Down 4.7% Following Insider Selling

Manhattan Associates, Inc. (NASDAQ:MANH) shares were down 4.7% on Thursday following insider selling activity. The company traded as low as $139.09 and last traded at $138.2650. Approximately 68,845 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 746,067 shares. The stock had previously closed at $145.15.

Specifically, CEO Eric Andrew Clark sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $146.77, for a total transaction of $146,770.00. Following the completion of the transaction, the chief executive officer owned 92,638 shares of the company’s stock, valued at $13,596,479.26. This represents a 1.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Analyst Ratings Changes

A number of research firms have weighed in on MANH. Citigroup reduced their price target on Manhattan Associates from $208.00 to $177.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Rothschild & Co Redburn set a $145.00 price target on Manhattan Associates in a research report on Thursday, April 16th. William Blair restated an “outperform” rating on shares of Manhattan Associates in a research note on Thursday, March 5th. Stifel Nicolaus set a $200.00 price objective on shares of Manhattan Associates in a research note on Wednesday, May 20th. Finally, Weiss Ratings downgraded shares of Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 27th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Manhattan Associates presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.45.

Manhattan Associates Stock Performance

The company has a market cap of $8.21 billion, a price-to-earnings ratio of 38.83 and a beta of 0.97. The firm has a fifty day moving average price of $138.08 and a 200 day moving average price of $151.26.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings data on Tuesday, April 21st. The software maker reported $1.24 EPS for the quarter, beating the consensus estimate of $1.10 by $0.14. The company had revenue of $282.22 million during the quarter, compared to the consensus estimate of $273.71 million. Manhattan Associates had a return on equity of 78.13% and a net margin of 19.68%.The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.19 EPS. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. On average, analysts expect that Manhattan Associates, Inc. will post 3.68 EPS for the current fiscal year.

Manhattan Associates announced that its Board of Directors has initiated a stock buyback plan on Thursday, March 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the software maker to purchase up to 5.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Manhattan Associates

Several hedge funds have recently bought and sold shares of MANH. Eagle Bay Advisors LLC acquired a new stake in Manhattan Associates in the 4th quarter valued at about $27,000. Caitong International Asset Management Co. Ltd lifted its stake in Manhattan Associates by 448.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock valued at $28,000 after purchasing an additional 112 shares during the last quarter. BNP Paribas acquired a new stake in Manhattan Associates in the 4th quarter valued at about $39,000. TD Private Client Wealth LLC lifted its stake in 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 purchasing an additional 109 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new stake in Manhattan Associates during the 4th quarter valued at $44,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

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.