Manhattan Associates (NASDAQ:MANH) Stock: Insider Linda Hollembaek Sells 1,315 Shares

Manhattan Associates, Inc. (NASDAQ:MANH) Director Linda Hollembaek sold 1,315 shares of the firm’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $250.00, for a total value of $328,750.00. Following the sale, the director owned 10,953 shares of the company’s stock, valued at $2,738,250. The trade was a 10.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Manhattan Associates Price Performance

NASDAQ:MANH opened at $255.17 on Friday. Manhattan Associates, Inc. has a fifty-two week low of $119.06 and a fifty-two week high of $263.47. The stock’s 50-day moving average is $219.93 and its two-hundred day moving average is $168.32. The stock has a market cap of $14.82 billion, a PE ratio of 71.48 and a beta of 0.85.

Manhattan Associates (NASDAQ:MANH) last issued its earnings results on Tuesday, October 27th. The software maker reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.09. The company had revenue of $306.19 million for the quarter, compared to the consensus estimate of $297.01 million. Manhattan Associates had a return on equity of 98.67% and a net margin of 18.41%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 EPS. On average, equities research analysts anticipate that Manhattan Associates, Inc. will post 3.88 earnings per share for the current year.

Institutional Investors Weigh In On Manhattan Associates

Several large investors have recently made changes to their positions in the company. Jacobi Capital Management LLC acquired a new stake in Manhattan Associates in the 3rd quarter worth approximately $52,000. NBH Bank bought a new stake in Manhattan Associates during the second quarter worth approximately $37,000. Versant Capital Management Inc boosted its position in Manhattan Associates by 508.9% during the second quarter. Versant Capital Management Inc now owns 274 shares of the software maker’s stock worth $38,000 after purchasing an additional 229 shares during the period. V Square Quantitative Management LLC grew its holdings in Manhattan Associates by 35.9% during the first quarter. V Square Quantitative Management LLC now owns 348 shares of the software maker’s stock valued at $46,000 after purchasing an additional 92 shares during the last quarter. Finally, Compass Wealth Management LLC acquired a new position in Manhattan Associates during the third quarter valued at approximately $69,000. Institutional investors own 98.45% of the company’s stock.

Analyst Upgrades and Downgrades

MANH has been the topic of several research reports. Robert W. Baird upped their price objective on shares of Manhattan Associates from $218.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, August 26th. Stifel Nicolaus lifted their target price on shares of Manhattan Associates from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, October 28th. Barclays boosted their price target on shares of Manhattan Associates from $239.00 to $275.00 and gave the company an “overweight” rating in a report on Monday. Wall Street Zen downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Sunday, November 1st. Finally, Weiss Ratings raised shares of Manhattan Associates from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 2nd. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $261.11.

Manhattan Associates Company Profile

Manhattan Associates, Inc develops supply chain commerce software for retailers, wholesalers, manufacturers and logistics providers. Its solutions help organizations plan, execute and optimize inventory, warehouse, transportation and omnichannel fulfillment operations.

The company’s product portfolio includes warehouse management, transportation management, order management, inventory optimization, labor management and point-of-sale capabilities. Manhattan Associates also provides tools that support warehouse automation, store fulfillment, distributed order management and customer engagement across digital and physical retail channels.

Founded in 1990 and headquartered in Atlanta, Georgia, Manhattan Associates serves customers across North America, Europe, Asia-Pacific and other international markets.