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

Manhattan Associates, Inc. (NASDAQ:MANH) traded down 4.7% during mid-day trading on Thursday after an insider sold shares in the company. The company traded as low as $139.09 and last traded at $138.2650. 68,845 shares were traded during mid-day trading, a decline of 91% from the average session 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 on Wednesday, June 10th. The shares were sold at an average price of $146.77, for a total transaction of $146,770.00. Following the completion of the sale, the chief executive officer owned 92,638 shares in the company, valued at approximately $13,596,479.26. The trade was a 1.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Wall Street Analyst Weigh In

MANH has been the subject of several recent research reports. Robert W. Baird upped their target price on shares of Manhattan Associates from $183.00 to $186.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Wall Street Zen cut shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Stifel Nicolaus set a $200.00 target price on Manhattan Associates in a research report on Wednesday, May 20th. Barclays decreased their target price on Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Finally, Rothschild & Co Redburn set a $145.00 target price on Manhattan Associates in a research report on Thursday, April 16th. Eight research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Manhattan Associates presently has an average rating of “Moderate Buy” and an average price target of $199.45.

Manhattan Associates Trading Down 4.4%

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’s fifty day moving average price is $138.08 and its 200-day moving average price is $151.26.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Tuesday, April 21st. The software maker reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.14. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. The company had revenue of $282.22 million during the quarter, compared to analyst estimates of $273.71 million. During the same quarter in the previous year, the business earned $1.19 EPS. The firm’s revenue was up 7.4% on a year-over-year basis. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. As a group, research analysts anticipate that Manhattan Associates, Inc. will post 3.68 EPS for the current year.

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

Hedge Funds Weigh In On Manhattan Associates

Institutional investors and hedge funds have recently modified their holdings of the business. Henshaw Capital LLC boosted its stake in Manhattan Associates by 65.4% in the 1st quarter. Henshaw Capital LLC now owns 18,535 shares of the software maker’s stock worth $2,467,000 after purchasing an additional 7,330 shares during the period. Bank of America Corp DE boosted its stake in Manhattan Associates by 25.8% in the 1st quarter. Bank of America Corp DE now owns 504,871 shares of the software maker’s stock worth $67,208,000 after purchasing an additional 103,620 shares during the period. Edgestream Partners L.P. boosted its stake in Manhattan Associates by 14.1% in the 1st quarter. Edgestream Partners L.P. now owns 36,326 shares of the software maker’s stock worth $4,836,000 after purchasing an additional 4,490 shares during the period. Bull Harbor Capital LLC acquired a new position in Manhattan Associates in the 1st quarter worth $614,000. Finally, Amundi boosted its stake in Manhattan Associates by 479.4% in the 1st quarter. Amundi now owns 454,095 shares of the software maker’s stock worth $60,449,000 after purchasing an additional 375,719 shares during the period. 98.45% of the stock is currently owned by institutional investors and hedge funds.

About Manhattan Associates

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.