Currently, there are 61.57M common shares owned by the public and among those 60.55M shares have been available to trade.
The company’s stock has a 5-day price change of 0.73% and 20.45% over the past three months. MANH shares are trading 22.81% year to date (YTD), with the 12-month market performance up to 30.09% higher. It has a 12-month low price of $182.97 and touched a high of $266.94 over the same period. MANH has an average intraday trading volume of 451.60K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.43%, 7.28%, and 13.13% respectively.
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Institutional ownership of Manhattan Associates, Inc. (NASDAQ: MANH) shares accounts for 99.87% of the company’s 61.57M shares outstanding.
It has a market capitalization of $16.20B and a beta (3y monthly) value of 1.50. The stock’s trailing 12-month PE ratio is 80.56, while the earnings-per-share (ttm) stands at $3.28. The company has a PEG of 5.37 and a Quick Ratio of 1.15 with the debt-to-equity ratio at 0.21. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.66% over the week and 2.21% over the month.
Analysts forecast that Manhattan Associates, Inc. (MANH) will achieve an EPS of 1.06 for the current quarter, 1.01 for the next quarter and 4.88 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 1.05 while analysts give the company a high EPS estimate of 1.05. Comparatively, EPS for the current quarter was 1.05 a year ago. Earnings per share for the fiscal year are expected to increase by 12.93%, and 13.16% over the next financial year. EPS should grow at an annualized rate of 15.00% over the next five years, compared to 12.35% over the past 5-year period.
Looking at the support for the MANH, a number of firms have released research notes about the stock. DA Davidson stated their Buy rating for the stock in a research note on April 25, 2024, with the firm’s price target at $220-$240. Citigroup coverage for the Manhattan Associates, Inc. (MANH) stock in a research note released on March 13, 2024 offered a Neutral rating with a price target of $260. Rosenblatt was of a view on April 11, 2023 that the stock is Neutral, while DA Davidson gave the stock Neutral rating on February 22, 2023, issuing a price target of $145. Raymond James on their part issued Outperform rating on March 22, 2022.
