West Coast Financial LLC Purchases 6,290 Shares of Manhattan Associates, Inc. (MANH)
West Coast Financial LLC boosted its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 10.0% during the 4th quarter, Holdings Channel reports. The fund owned 69,087 shares of the software maker’s stock after buying an additional 6,290 shares during the quarter. West Coast Financial LLC’s holdings in Manhattan Associates were worth $3,423,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of MANH. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Manhattan Associates by 11.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,554 shares of the software maker’s stock valued at $123,000 after acquiring an additional 271 shares during the last quarter. Zions Bancorporation bought a new position in Manhattan Associates in the third quarter valued at about $128,000. Victory Capital Management Inc. bought a new position in Manhattan Associates in the third quarter valued at about $168,000. Riverhead Capital Management LLC boosted its holdings in Manhattan Associates by 79.0% in the second quarter. Riverhead Capital Management LLC now owns 3,760 shares of the software maker’s stock valued at $181,000 after acquiring an additional 1,660 shares during the last quarter. Finally, Wilkins Investment Counsel Inc. bought a new position in Manhattan Associates in the third quarter valued at about $212,000.
Shares of Manhattan Associates, Inc. (NASDAQ MANH) traded up $0.49 on Friday, reaching $53.43. The company’s stock had a trading volume of 460,272 shares, compared to its average volume of 497,385. Manhattan Associates, Inc. has a 12-month low of $40.75 and a 12-month high of $53.45. The company has a market capitalization of $3,680.00, a PE ratio of 30.71 and a beta of 1.15.
Manhattan Associates (NASDAQ:MANH) last issued its earnings results on Tuesday, October 24th. The software maker reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02. Manhattan Associates had a return on equity of 74.19% and a net margin of 20.38%. The firm had revenue of $152.88 million for the quarter, compared to analysts’ expectations of $150.30 million. During the same quarter last year, the business earned $0.50 earnings per share. The company’s revenue was up .4% compared to the same quarter last year. sell-side analysts anticipate that Manhattan Associates, Inc. will post 1.75 earnings per share for the current year.
In other Manhattan Associates news, CEO Eddie Capel sold 23,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $42.04, for a total transaction of $966,920.00. Following the transaction, the chief executive officer now owns 180,057 shares in the company, valued at $7,569,596.28. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.01% of the stock is currently owned by company insiders.
Several equities analysts recently issued reports on MANH shares. Zacks Investment Research upgraded Manhattan Associates from a “sell” rating to a “hold” rating in a report on Saturday, November 18th. BidaskClub upgraded Manhattan Associates from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. SunTrust Banks upgraded Manhattan Associates from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Tuesday, October 3rd. They noted that the move was a valuation call. Finally, KeyCorp reiterated a “hold” rating on shares of Manhattan Associates in a report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $60.00.
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Manhattan Associates Company Profile
Manhattan Associates, Inc (Manhattan) is a developer and provider of supply chain commerce solutions. The Company operates through three geographical segments: the Americas, Europe, Middle East and Africa (EMEA), and the Asia Pacific (APAC). It 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.
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