Insider Selling: Robert Howell Sells 7,870 Shares of Manhattan Associates Stock (MANH)
Manhattan Associates (NASDAQ:MANH) SVP Robert Howell unloaded 7,870 shares of the company’s stock on the open market in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $92.67, for a total transaction of $729,312.90. Following the completion of the transaction, the senior vice president now directly owns 6,246 shares of the company’s stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
MANH has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Manhattan Associates (NASDAQ:MANH) from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, July 25th. They now have a $87.20 price target on the stock. Separately, analysts at Benchmark Co. raised their price target on shares of Manhattan Associates (NASDAQ:MANH) to $75.00 in a research note to investors on Wednesday, July 24th. They now have a “hold” rating on the stock. Finally, analysts at Thomson Reuters/Verus upgraded shares of Manhattan Associates (NASDAQ:MANH) from a “hold” rating to a “buy” rating in a research note to investors on Monday, July 22nd.
Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $74.84.
Manhattan Associates (NASDAQ:MANH) traded down 0.46% during mid-day trading on Thursday, hitting $92.19. 51,954 shares of the company’s stock traded hands. Manhattan Associates has a 52 week low of $54.04 and a 52 week high of $93.66. The stock’s 50-day moving average is $88.8 and its 200-day moving average is $78.11. The company has a market cap of $1.780 billion and a P/E ratio of 32.18.
Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $0.96 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.83 by $0.13. The company had revenue of $102.52 million for the quarter, compared to the consensus estimate of $103.63 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. Analysts expect that Manhattan Associates will post $3.42 EPS for the current fiscal year.
Manhattan Associates, Inc (NASDAQ:MANH) is a developer and implementer of supply chain software solutions that help organizations optimize their supply chain operations from planning through execution.
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