Momentum Is Strong For Manhattan Associates, Inc. (NASDAQ: MANH)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Manhattan Associates Reports Record Fourth Quarter and Full Year Results.

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Stocks Info

This NASDAQ-listed company operates within the Software – Application industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $249.07 and fluctuated between $249.26 as its day high and $241.96 as its day low. The current market capitalization of Manhattan Associates, Inc. is $15.34B. A total of 0.53 million shares were traded on the day, compared to an average of 424.36K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, MANH has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 7,577 shares. Over the last 12 months, there were 8 BUYs and 33 SELLs from insiders. Insiders purchased 14,412 shares during that period but sold 147,700.

In the most recent transaction, NOONAN THOMAS E sold 7,481 shares of MANH for 223.11 per share on Dec 12. After the transaction, the Director now owns 99,376 company shares. In a previous transaction on Dec 11, NOONAN THOMAS E sold 2,515 shares at 222.13 per share. MANH shares that Director owns now total 106,857.

Among the insiders who sold shares, Richards Bruce disposed of 4,535 shares on Nov 14 at a per-share price of $220.42. This resulted in the SVP, CLO & Secretary holding 31,187 shares of MANH after the transaction. In another insider transaction, Gantt James Stewart sold 3,042 shares at $215.50 per share on Nov 13. Company shares held by the EVP, Professional Services now total 51,609.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for MANH in the last 3 months, the mean price target is $242.26 with high estimates of $260.00 and low estimates of $220.00. In terms of 52-week highs and lows, MANH has a high of $258.91 and a low of $130.54.

As of this writing, MANH has an earnings estimate of $0.87 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.88 per share and a lower estimate of $0.86. The company reported an EPS of $1.05 in the last quarter, which was 38.20% higher than expectations of $0.76.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. MANH’s latest balance sheet shows that the firm has $263.71M in Cash & Short Term Investments as of fiscal 2021. There were $23.16M in debt and $249.04M in liabilities at the time. Its Book Value Per Share was $4.52, while its Total Shareholder’s Equity was $250.64M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MANH is Buy with a score of 4.00.

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