Large Outflow of Money Witnessed in Manhattan Associates

Shares of Manhattan Associates (NASDAQ:MANH) traded 0.14 points or 0.21% higher at $66.25.The total intraday money flow for the shares came in at a disappointing $(-1.62) million. The total upticks amounted to $6.1 million and the total downticks were approximately $7.71 million, with the up/down ratio of 0.79. On a different note, the shares have seen -0.93% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $1.66 million in upticks and an outflow of $3.8 million in downticks. The up/down ratio for the block was found to be 0.44. The net money flow for the block transaction was $(-2.14) million.


Currently the company Insiders own 1.08% of Manhattan Associates shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -13.09% . Institutional Investors own 99.51% of Manhattan Associates shares. During last six month period, the net percent change held by insiders has seen a change of -20.33%. On the companys insider trading activities, The director, of Manhattan Associates Inc, Cassidy Brian J had unloaded 17,792 shares at $67 per share in a transaction on June 7, 2016. The total value of transaction was $1,192,064. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Manhattan Associates (NASDAQ:MANH) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.38 points or 0.57% at $65.73 with 724,775 shares getting traded. Post opening the session at $65.78, the shares hit an intraday low of $65.0425 and an intraday high of $66.99 and the price was in this range throughout the day. The company has a market cap of $4,742 million and the number of outstanding shares have been calculated to be 72,137,015 shares. The 52-week high of Manhattan Associates (NASDAQ:MANH) is $77.749 and the 52-week low is $44.14.

Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm William Blair downgrades its rating on Manhattan Associates (NASDAQ:MANH). The rating major has initiated the coverage with market perform rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on April 28, 2016.

Manhattan Associates, Inc. (Manhattan) is a developer and provider of supply chain commerce solutions. The Company is engaged in developing, selling, deploying, servicing and maintaining software solutions designed to manage supply chains, inventory and Omni-channel operations for retailers, wholesalers, manufacturers, logistics providers and other organizations. The Companys solutions consist of software, services, and hardware, which coordinate people, workflows, assets, events, and tasks across the functions linked in a supply chain. It offers its solutions in three areas: supply chain, Omni-channel and inventory. Its solutions enable coordinating the actions, data exchange, and communication of participants in supply chain ecosystems, such as manufacturers, suppliers, distributors, trading partners, transportation providers, channels (such as catalogers, store retailers, and Web outlets), and consumers. It has operations in North America, Europe, and the Asia/Pacific region.

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