BUZZ-Manhattan Associates fall after CEO Eddie Capel retires

Reuters

02/11

** Shares of Manhattan Associates MANH.O drop 8% to $184.36 on Mon after software firm announces retirement of President and CEO Eddie Capel

** MANH on track for lowest close since Oct 2023 and biggest daily pct drop since Jan 29

** Capel retirement is effective Feb. 12. He will continue to serve as executive vice chairman, assisting with CEO transition and special projects, according to a statement on Mon

** Capel will be succeeded by Eric Clark, who has been serving as CEO of NTT Data North America. Clark will also join the MANH's board

** Among the 11 analysts that cover MANH, median PT is $270 and avg rating is "BUY"

** With today's move, MANH is down ~32% YTD after gaining ~26% in 2024

(Reporting by Chibuike Oguh in New York)

((Chibuike.Oguh@thomsonreuters.com; +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))

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He will continue to serve as executive vice chairman, assisting with CEO transition and special projects, according to a <span>statement</span> on Mon</p><p>** Capel will be succeeded by Eric Clark, who has been serving as CEO of NTT Data North America. 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He will continue to serve as executive vice chairman, assisting with CEO transition and special projects, according to a statement on Mon** Capel will be succeeded by Eric Clark, who has been serving as CEO of NTT Data North America. Clark will also join the MANH's board** Among the 11 analysts that cover MANH, median PT is $270 and avg rating is \"BUY\" ** With today's move, MANH is down ~32% YTD after gaining ~26% in 2024 (Reporting by Chibuike Oguh in New York) ((Chibuike.Oguh@thomsonreuters.com; +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}