West Coast Financial LLC Purchases 207 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

West Coast Financial LLC increased its holdings in Manhattan Associates, Inc. (NASDAQ:MANH) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 42,369 shares of the software maker’s stock after buying an additional 207 shares during the period. Manhattan Associates comprises about 1.3% of West Coast Financial LLC’s holdings, making the stock its 20th biggest position. West Coast Financial LLC’s holdings in Manhattan Associates were worth $11,450,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in Manhattan Associates during the third quarter valued at $34,000. Ashton Thomas Securities LLC bought a new stake in shares of Manhattan Associates in the third quarter valued at approximately $42,000. Carolina Wealth Advisors LLC purchased a new stake in shares of Manhattan Associates during the 3rd quarter valued at approximately $50,000. Brooklyn Investment Group bought a new position in Manhattan Associates in the 3rd quarter worth approximately $58,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in Manhattan Associates in the 3rd quarter valued at approximately $63,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Insider Activity at Manhattan Associates

In other news, SVP Bruce Richards sold 4,150 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $289.73, for a total value of $1,202,379.50. Following the transaction, the senior vice president now owns 22,086 shares in the company, valued at approximately $6,398,976.78. This trade represents a 15.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James Stewart Gantt sold 3,475 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $288.10, for a total transaction of $1,001,147.50. Following the sale, the executive vice president now owns 42,812 shares of the company’s stock, valued at $12,334,137.20. This represents a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

Manhattan Associates Price Performance

Shares of Manhattan Associates stock opened at $276.51 on Thursday. The company has a 50 day simple moving average of $282.62 and a two-hundred day simple moving average of $269.71. The firm has a market cap of $16.89 billion, a PE ratio of 78.55 and a beta of 1.52. Manhattan Associates, Inc. has a 1 year low of $205.12 and a 1 year high of $312.60.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings results on Tuesday, October 22nd. The software maker reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.29. The firm had revenue of $266.70 million during the quarter, compared to analyst estimates of $262.90 million. Manhattan Associates had a return on equity of 84.55% and a net margin of 21.38%. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 earnings per share. As a group, research analysts anticipate that Manhattan Associates, Inc. will post 3.39 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on MANH. StockNews.com downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Monday. Citigroup increased their price objective on Manhattan Associates from $287.00 to $306.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. DA Davidson lifted their target price on Manhattan Associates from $285.00 to $315.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Raymond James increased their price target on shares of Manhattan Associates from $255.00 to $305.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, Robert W. Baird boosted their price objective on shares of Manhattan Associates from $263.00 to $304.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $292.89.

Manhattan Associates Company Profile

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Warehouse Management Solution for managing goods and information across the distribution centers; Manhattan Active Warehouse Management, a cloud native and version less application for the associate; and Transportation Management Solution for helping shippers navigate their way through the demands and meet customer service expectations at the lowest possible freight costs; Manhattan SCALE, a portfolio of logistics execution solution; and Manhattan Active Omni, which offers order management, store inventory and fulfillment, POS, and customer engagement tools for enterprises and stores.