West Coast Financial LLC Sells 1,425 Shares of Manhattan Associates, Inc. (NASDAQ:MANH)

West Coast Financial LLC trimmed its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 3.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,944 shares of the software maker's stock after selling 1,425 shares during the quarter. West Coast Financial LLC owned about 0.07% of Manhattan Associates worth $7,085,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Lifestyle Asset Management Inc. increased its position in Manhattan Associates by 69.4% during the first quarter. Lifestyle Asset Management Inc. now owns 5,631 shares of the software maker's stock worth $974,000 after buying an additional 2,307 shares during the last quarter. Merit Financial Group LLC increased its position in Manhattan Associates by 165.1% during the first quarter. Merit Financial Group LLC now owns 4,279 shares of the software maker's stock worth $740,000 after buying an additional 2,665 shares during the last quarter. Harbor Investment Advisory LLC increased its position in Manhattan Associates by 57.7% during the first quarter. Harbor Investment Advisory LLC now owns 552 shares of the software maker's stock worth $96,000 after buying an additional 202 shares during the last quarter. Fragasso Financial Advisors Inc acquired a new position in Manhattan Associates during the first quarter worth $1,291,000. Finally, GAMMA Investing LLC grew its position in shares of Manhattan Associates by 10,499.0% in the first quarter. GAMMA Investing LLC now owns 176,155 shares of the software maker's stock valued at $30,482,000 after purchasing an additional 174,493 shares during the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on MANH. Truist Financial raised their price target on Manhattan Associates from $190.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. William Blair raised Manhattan Associates from a "market perform" rating to an "outperform" rating in a research report on Thursday, February 13th. DA Davidson raised their price target on Manhattan Associates from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Citigroup lowered their price target on Manhattan Associates from $244.00 to $184.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Finally, Loop Capital reissued a "hold" rating and set a $170.00 target price (down from $275.00) on shares of Manhattan Associates in a research report on Thursday, April 10th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $210.14.

Manhattan Associates Trading Up 1.4%

Shares of Manhattan Associates stock traded up $2.60 during trading on Friday, reaching $192.78. The stock had a trading volume of 625,138 shares, compared to its average volume of 622,234. The company has a market capitalization of $11.70 billion, a price-to-earnings ratio of 54.92 and a beta of 1.08. The stock has a fifty day moving average price of $177.05 and a two-hundred day moving average price of $214.98. Manhattan Associates, Inc. has a 52 week low of $140.81 and a 52 week high of $312.60.

Manhattan Associates 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.