During August, the total number of short positions held by Manhattan Associates, Inc. (NASDAQ: MANH) decreased by a sizeable amount. As of August 31, 1,360,000 shares had been borrowed, a decline of 19.5% from the 1,690,000 shares that had been borrowed the day before. The current short-interest ratio is 4.4 days, which was determined based on an average daily volume of 311,800 shares. This indicates that there are currently 4.4 times more short than long positions. In addition, short sales represent 2.2% of the total number of outstanding shares for the company.
In other recent events regarding Manhattan Associates, a total of one thousand shares of the company’s stock were sold on August 2, bringing the total number of shares sold to a total of one thousand. Director duties are taken care of by Linda T. Hollembaek. A total of $140,000.00 was received for the sale of the shares, which works out to an average selling price of $140.00 per share.
As a result of the completion of the transaction, the director now owns 9,944 shares of the company’s stock, which together have a value of approximately $1,392,160. The information about the transaction was made public by the Securities and Exchange Commission (SEC) in a filing, which may be accessed online at the website of the SEC. On August 10, it was reported that Manhattan Associates Vice President Bruce Richards sold 2,160 shares of the company’s stock. This information was found in other news surrounding Manhattan Associates. At $148.30 for each share, a total of $320,328.00 worth of the stock was traded, resulting in income being brought in. The average price per share was $148.30. According to the most up-to-date information that can be found on the stock market, the value of the 14,257 shares of company stock that belong to the vice president is $2,114,313.10.
The information about the transaction was made public by the Securities and Exchange Commission (SEC) in a filing, which may be accessed online at the website of the SEC. On August 2, Linda T. Hollembaek, a company director, sold 1,000 shares of the company’s stock. This transaction took place on the same day. A total of $140,000.00 was received for the sale of the shares, which works out to an average selling price of $140.00 per share. The director is now the direct owner of 9,944 business shares, which have an approximate value of $1,392,160 as a direct result of the transaction. Disclosures that are related to the sale might be found in this section of the website. Insiders of the company sold 18,160 shares over the most recent quarter, bringing in a total of $2,576,378 from the transaction. A total of 0.78% of the business’s total number of shares are held privately by company insiders. Recently, the corporation has received input from several equity research professionals.
In a research report made available to the public on Friday, July 22, Rosenblatt Securities gave the stock a “buy” rating and dropped its target price for Manhattan Associates from $165.00 to $150.00. The report’s subject matter was the corporation. StockNews.com shifted its recommendation for Manhattan Associates from a “buy” rating to a “hold” rating in a research report published on Thursday, July 28. Five separate financial analysts have each assigned the stock a buy recommendation, and one of those analysts has even suggested that investors purchase the shares.
According to Bloomberg, the current consensus rating for Manhattan Associates is “Moderate Buy,” and the current consensus price goal for Manhattan Associates is $178.75. In addition, the current consensus rating for Manhattan Associates is “Moderate Buy.” In recent months, various institutional investors and hedge funds have rebalanced the proportion of their holdings comprised of MANH shares. Private Trust Co. NA invested about $30,000 in Manhattan Associates by acquiring new shares during the second quarter of the fiscal year. During the first three months of the year, Private Capital Group LLC increased the percentage of Manhattan Associates in which it is invested by 66.7%.
After purchasing an additional 94 shares during the most recent quarter, Private Capital Group LLC is now the owner of 235 shares of the software company with a market value of $33,000. These 235 shares were purchased for a total of $33,000. During the second quarter, Harbor Investment Advisory LLC contributed approximately $33,000 in cash to Manhattan Associates as part of a new investment they made in the company. In addition, castle Wealth Management LLC made a new investment with Manhattan Associates during the second quarter for approximately $35,000. Manhattan Associates was the recipient of this investment. And as a final point of interest, Quadrant Capital Group LLC boosted the proportion of Manhattan Associates in which it is invested by 168.4% during the second quarter. The most recent fiscal quarter saw Quadrant Capital Group LLC acquire an additional 197 shares of the software manufacturer’s stock, bringing the total number of shares owned by the company up to 314, with a value of $36,000. Institutional investors and hedge funds are the ones who own 97.35 percent of the company’s stock at the moment.
MANH began trading at $137.74 on Friday. The firm’s market capitalization is currently sitting at $8.64 billion, while its price-to-earnings ratio stands at 74.05, and its beta value sits at 1.84. The price at which Manhattan Associates reached its 52-week high is currently $188.52, while the price at which the business reached its 52-week low is currently $106.02. The moving average of the company’s stock price over the past 50 days is $137.15, while the moving average over the past 200 days is $130.55. On Tuesday, July 26, Manhattan Associates (NASDAQ: MANH) released its most recent quarterly results report for the public to view. The quarterly profits per share for the software firm came in at $0.69, which was $0.16 more than the average forecast of $0.53.
The company’s revenue was also higher than expected, reaching $1.03. Despite having a relatively low net margin of only 16.67%, Manhattan Associates achieved a return on equity of 51.87% in the past year. The previous year, during the same period, the company reported a profit of $0.48 for each share. This year, the company did not report a profit. According to forecasts made by analysts, the current fiscal year is expected to yield $1.61 per share earnings for Manhattan Associates.