Manhattan Associates CFO Sells $914,521 in Stock (MANH)
Manhattan Associates (NASDAQ:MANH) CFO Dennis B. Story sold 27,291 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $33.51, for a total value of $914,521.41. Following the completion of the transaction, the chief financial officer now directly owns 93,398 shares in the company, valued at approximately $3,129,767. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Manhattan Associates (NASDAQ:MANH) traded up 0.36% during mid-day trading on Wednesday, hitting $33.50. 269,281 shares of the company’s stock traded hands. Manhattan Associates has a 52 week low of $16.6575 and a 52 week high of $34.13. The stock has a 50-day moving average of $31. and a 200-day moving average of $26.90. The company has a market cap of $2.559 billion and a P/E ratio of 38.81.
Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02. The company had revenue of $107.60 million for the quarter, compared to the consensus estimate of $103.36 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. Analysts expect that Manhattan Associates will post $1.02 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Raymond James upgraded shares of Manhattan Associates from a “market perform” rating to an “outperform” rating in a research note on Monday, January 6th. Analysts at Zacks downgraded shares of Manhattan Associates from an “outperform” rating to a “neutral” rating in a research note on Tuesday, December 24th. They now have a $124.80 price target on the stock.
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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