Manhattan Associates, Inc. (NASDAQ:MANH) Shares Sold by West Coast Financial LLC

West Coast Financial LLC decreased its position in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 3.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,944 shares of the software maker's stock after selling 1,425 shares during the period. West Coast Financial LLC owned 0.07% of Manhattan Associates worth $7,085,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of MANH. Twin Tree Management LP purchased a new stake in Manhattan Associates in the fourth quarter valued at about $25,000. Whipplewood Advisors LLC purchased a new stake in Manhattan Associates during the 4th quarter worth approximately $34,000. Park Square Financial Group LLC acquired a new position in Manhattan Associates during the 4th quarter valued at approximately $38,000. Transce3nd LLC acquired a new stake in shares of Manhattan Associates during the fourth quarter worth $41,000. Finally, Central Pacific Bank Trust Division lifted its position in Manhattan Associates by 107.3% during the 1st quarter. Central Pacific Bank Trust Division now owns 199 shares of the software maker's stock worth $34,000 after acquiring an additional 103 shares during the period. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MANH. Loop Capital reissued a "hold" rating and issued a $170.00 price objective (down previously from $275.00) on shares of Manhattan Associates in a report on Thursday, April 10th. Robert W. Baird set a $212.00 price target on shares of Manhattan Associates and gave the company an "outperform" rating in a research report on Wednesday, May 21st. DA Davidson lifted their price target on Manhattan Associates from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. William Blair upgraded Manhattan Associates from a "market perform" rating to an "outperform" rating in a research report on Thursday, February 13th. Finally, Truist Financial boosted their price objective on Manhattan Associates from $190.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $210.14.

Manhattan Associates Stock Up 0.5%

MANH traded up $0.87 during trading on Monday, reaching $193.65. The company's stock had a trading volume of 640,380 shares, compared to its average volume of 623,513. The company has a market cap of $11.76 billion, a price-to-earnings ratio of 55.17 and a beta of 1.08. The firm has a fifty day simple moving average of $177.05 and a two-hundred day simple moving average of $214.19. Manhattan Associates, Inc. has a 1 year low of $140.81 and a 1 year high of $312.60.

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.