Stocks of Manhattan Associates, Inc. (NASDAQ:MANH) traded higher last session on Wall Street, up 0.20% to $250.23.
MANH stock price is now 2.42% away from the 50-day moving average and 17.53% away from the 200-day moving average. The market capitalization of the company currently stands at $15.41B.
With the price target of $260, Citigroup recently initiated with Neutral rating for Manhattan Associates, Inc. (NASDAQ: MANH). On April 11, 2023, Rosenblatt Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $150, while ‘DA Davidson’ rates the stock as ‘Neutral’
In other news, Richards Bruce, SVP, CLO & Secretary sold 4,000 shares of the company’s stock on Mar 06 ’24. The stock was sold for $1,022,682 at an average price of $255.67. Upon completion of the transaction, the SVP, CLO & Secretary now directly owns 30,236 shares in the company, valued at $7.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 05 ’24, EVP, Professional Services Gantt James Stewart sold 4,000 shares of the business’s stock. A total of $1,003,142 was realized by selling the stock at an average price of $250.79. This leaves the insider owning 52,287 shares of the company worth $13.08 million. A total of 1.28% of the company’s stock is owned by insiders.
During the past 12 months, Manhattan Associates, Inc. has had a low of $146.81 and a high of $266.94. As of last week, the company has a debt-to-equity ratio of 0.09, a current ratio of 1.28, and a quick ratio of 1.28. According to the stock market information, the enterprise value for the company is $15.12B, which is based on a 88.58 price-to-earnings ratio, a 5.91 price-to-earnings-growth ratio, and a beta of 1.44. The fifty day moving average price for MANH is $244.32 and a two-hundred day moving average price translates $212.92 for the stock.
The latest earnings results from Manhattan Associates, Inc. (NASDAQ: MANH) was released for Dec, 2021. According to the Software – Application Company, earnings per share came in at $1.03, beating analysts’ expectations of $0.8 by 0.23. This compares to $0.60 EPS in the same period last year. The net profit margin was 19.01% and return on equity was 69.92% for MANH. The company reported revenue of $238.25 million for the quarter, compared to $198.1 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.27 percent. For the current quarter, analysts expect MANH to generate $243.56M in revenue.
