As Manhattan Assocs (MANH) Share Price Declined, Holder West Coast Financial Increased Its Stake; Martingale Asset Management LP Trimmed Wyndham Worlwide (WYN) Stake as Share Price Declined

May 15, 2018 - By Nellie Frank

Manhattan Associates, Inc. (NASDAQ:MANH) Logo

West Coast Financial Llc increased its stake in Manhattan Assocs Inc (MANH) by 10.02% based on its latest 2017Q4 regulatory filing with the SEC. West Coast Financial Llc bought 6,290 shares as the company’s stock declined 14.46% with the market. The institutional investor held 69,087 shares of the technology company at the end of 2017Q4, valued at $3.42 million, up from 62,797 at the end of the previous reported quarter. West Coast Financial Llc who had been investing in Manhattan Assocs Inc for a number of months, seems to be bullish on the $2.96 billion market cap company. The stock decreased 1.49% or $0.67 during the last trading session, reaching $44.34. About 331,106 shares traded. Manhattan Associates, Inc. (NASDAQ:MANH) has declined 16.55% since May 15, 2017 and is downtrending. It has underperformed by 28.10% the S&P500.

Martingale Asset Management LP decreased its stake in Wyndham Worlwide Corp (WYN) by 93.25% based on its latest 2017Q4 regulatory filing with the SEC. Martingale Asset Management LP sold 41,725 shares as the company’s stock declined 0.57% with the market. The institutional investor held 3,022 shares of the hotels and resorts company at the end of 2017Q4, valued at $351,000, down from 44,747 at the end of the previous reported quarter. Martingale Asset Management LP who had been investing in Wyndham Worlwide Corp for a number of months, seems to be less bullish one the $11.11 billion market cap company. The stock decreased 0.32% or $0.36 during the last trading session, reaching $111.35. About 969,950 shares traded or 3.48% up from the average. Wyndham Worldwide Corporation (NYSE:WYN) has risen 34.47% since May 15, 2017 and is uptrending. It has outperformed by 22.92% the S&P500.

Since December 18, 2017, it had 0 buys, and 7 insider sales for $4.04 million activity. On Thursday, February 22 the insider HERRERA GEORGE sold $32,875. Shares for $302,500 were sold by BIBLOWIT MYRA J. Rossi Nicola sold $336,403 worth of stock or 2,863 shares. Shares for $1.77M were sold by McLester Scott G.

Among 13 analysts covering Wyndham Worldwide Corporation (NYSE:WYN), 8 have Buy rating, 1 Sell and 4 Hold. Therefore 62% are positive. Wyndham Worldwide Corporation had 27 analyst reports since July 30, 2015 according to SRatingsIntel. On Monday, October 23 the stock rating was maintained by Stifel Nicolaus with “Buy”. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, June 21 report. The stock of Wyndham Worldwide Corporation (NYSE:WYN) has “Buy” rating given on Friday, January 19 by Goldman Sachs. As per Friday, August 4, the company rating was downgraded by Telsey Advisory Group. The rating was maintained by M Partners with “Buy” on Thursday, January 14. Stifel Nicolaus maintained the shares of WYN in report on Thursday, January 18 with “Buy” rating. The stock has “Hold” rating by Deutsche Bank on Monday, January 11. The stock of Wyndham Worldwide Corporation (NYSE:WYN) has “Buy” rating given on Tuesday, October 17 by SunTrust. The rating was maintained by Stifel Nicolaus on Thursday, February 1 with “Buy”. On Friday, April 28 the stock rating was downgraded by Wolfe Research to “Underperform”.

More notable recent Wyndham Worldwide Corporation (NYSE:WYN) news were published by: Benzinga.com which released: “Stifel: Buy The Weakness In Wyndham Worldwide Before Spin-Off” on May 07, 2018, also Benzinga.com with their article: “The Week Ahead: Coindesk Conference, Walmart And Retailers Close Out Earnings Season” published on May 14, 2018, Prnewswire.com published: “RCI® Affiliates Recognized for Leading the Way in Sustainability” on May 14, 2018. More interesting news about Wyndham Worldwide Corporation (NYSE:WYN) were released by: Gurufocus.com and their article: “Ken Heebner Piles Into JPMorgan, Hotels in 1st Quarter” published on May 11, 2018 as well as Globenewswire.com‘s news article titled: “RLH Corporation Closes Acquisition of the Knights Inn Brand from Wyndham Hotel Group” with publication date: May 14, 2018.

Investors sentiment increased to 0.88 in 2017 Q4. Its up 0.09, from 0.79 in 2017Q3. It improved, as 32 investors sold WYN shares while 194 reduced holdings. 67 funds opened positions while 132 raised stakes. 90.33 million shares or 2.72% less from 92.86 million shares in 2017Q3 were reported. Raymond James And Associates holds 37,450 shares or 0.01% of its portfolio. Arizona State Retirement System has invested 0.06% of its portfolio in Wyndham Worldwide Corporation (NYSE:WYN). Dupont Management invested in 34,983 shares. Hsbc Holdings Public Ltd accumulated 202,175 shares. Dekabank Deutsche Girozentrale has 0.02% invested in Wyndham Worldwide Corporation (NYSE:WYN) for 22,314 shares. Tortoise Invest Mngmt Limited Liability Com has 480 shares for 0.02% of their portfolio. Clarivest Asset Management Ltd Liability Corporation holds 0.69% in Wyndham Worldwide Corporation (NYSE:WYN) or 348,301 shares. Oregon Employees Retirement Fund has 34,512 shares for 0.06% of their portfolio. Principal Grp Inc holds 166,830 shares. Fdx owns 1,946 shares. Hartford Invest Mgmt invested in 0.04% or 20,860 shares. The Connecticut-based Virtus Inv Advisers has invested 0.12% in Wyndham Worldwide Corporation (NYSE:WYN). Price T Rowe Md holds 0% of its portfolio in Wyndham Worldwide Corporation (NYSE:WYN) for 180,206 shares. Convergence Inv Ltd Liability Co holds 0.24% or 15,108 shares. Kames Capital Public Limited accumulated 0.49% or 167,615 shares.

Martingale Asset Management L P, which manages about $2.91 billion and $7.54B US Long portfolio, upped its stake in Microstrategy Inc (NASDAQ:MSTR) by 2,802 shares to 15,007 shares, valued at $1.97 million in 2017Q4, according to the filing. It also increased its holding in Wintrust Finl Corp (NASDAQ:WTFC) by 50,312 shares in the quarter, for a total of 83,936 shares, and has risen its stake in Donegal Group Inc Cl A (NASDAQ:DGICA).

Analysts await Wyndham Worldwide Corporation (NYSE:WYN) to report earnings on August, 1. They expect $1.81 earnings per share, up 18.30% or $0.28 from last year’s $1.53 per share. WYN’s profit will be $180.61 million for 15.38 P/E if the $1.81 EPS becomes a reality. After $1.33 actual earnings per share reported by Wyndham Worldwide Corporation for the previous quarter, Wall Street now forecasts 36.09% EPS growth.

More notable recent Manhattan Associates, Inc. (NASDAQ:MANH) news were published by: Nasdaq.com which released: “Mercury Home Textile Sews Up Deal with Manhattan Associates to Enable Omnichannel Transformation” on May 04, 2018, also Seekingalpha.com with their article: “Manhattan Associates’ (MANH) CEO Eddie Capel on Q1 2018 Results – Earnings Call Transcript” published on April 25, 2018, Globenewswire.com published: “Manhattan Associates Reports First Quarter 2018 Performance” on April 24, 2018. More interesting news about Manhattan Associates, Inc. (NASDAQ:MANH) were released by: Prnewswire.com and their article: “Today’s Research Report Coverage on Application Software Stocks — LogMeIn, Manhattan Associates, Micro Focus …” published on May 07, 2018 as well as Nasdaq.com‘s news article titled: “New Research Coverage Highlights On Deck Capital, Pioneer Energy Services, Franklin Financial Network, MKS …” with publication date: May 02, 2018.

West Coast Financial Llc, which manages about $486.79M and $355.49M US Long portfolio, decreased its stake in Ishares Tr (IWN) by 5,242 shares to 15,820 shares, valued at $1.99M in 2017Q4, according to the filing. It also reduced its holding in Vanguard Index Fds (VTI) by 30,551 shares in the quarter, leaving it with 16,869 shares, and cut its stake in Ishares Tr (IJR).

Investors sentiment decreased to 1.06 in 2017 Q4. Its down 0.27, from 1.33 in 2017Q3. It is negative, as 37 investors sold MANH shares while 71 reduced holdings. 31 funds opened positions while 84 raised stakes. 70.83 million shares or 1.69% less from 72.05 million shares in 2017Q3 were reported. Stone Ridge Asset Management Limited Liability Com holds 14,572 shares. Advisory Service Networks Llc has 0.02% invested in Manhattan Associates, Inc. (NASDAQ:MANH) for 4,651 shares. Nelson Van Denburg And Campbell Wealth Mgmt Gru Ltd reported 5,471 shares. American Century Cos Inc holds 0% of its portfolio in Manhattan Associates, Inc. (NASDAQ:MANH) for 11,348 shares. Whittier Trust Communications Of Nevada Incorporated invested in 0.01% or 2,021 shares. State Of Alaska Department Of Revenue reported 5,000 shares. Turtle Creek Asset Management has 33,100 shares. The North Carolina-based Captrust Advsrs has invested 0% in Manhattan Associates, Inc. (NASDAQ:MANH). State Street Corp holds 0.01% or 1.88M shares. Amundi Pioneer Asset Management has invested 0% in Manhattan Associates, Inc. (NASDAQ:MANH). Bbva Compass National Bank Inc, Texas-based fund reported 11,707 shares. Lloyds Banking Public has 1.72% invested in Manhattan Associates, Inc. (NASDAQ:MANH). Qs Limited Liability Co reported 121,276 shares stake. Shelton Capital Management accumulated 5,102 shares. Fincl Architects Incorporated has 0% invested in Manhattan Associates, Inc. (NASDAQ:MANH) for 225 shares.

Since March 13, 2018, it had 0 buys, and 3 sales for $1.12 million activity. Shares for $252,368 were sold by Richards Bruce on Tuesday, March 13. 3,592 Manhattan Associates, Inc. (NASDAQ:MANH) shares with value of $163,495 were sold by HUNTZ JOHN J JR.

Among 7 analysts covering Manhattan Assoc (NASDAQ:MANH), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Manhattan Assoc had 14 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, August 23 by KeyBanc Capital Markets. SunTrust maintained Manhattan Associates, Inc. (NASDAQ:MANH) on Wednesday, November 15 with “Buy” rating. The firm has “Buy” rating by Brean Capital given on Tuesday, January 12. The stock of Manhattan Associates, Inc. (NASDAQ:MANH) earned “Buy” rating by Benchmark on Wednesday, October 21. As per Monday, October 19, the company rating was initiated by Lake Street. William Blair downgraded Manhattan Associates, Inc. (NASDAQ:MANH) on Thursday, April 28 to “Market Perform” rating. The stock of Manhattan Associates, Inc. (NASDAQ:MANH) has “Buy” rating given on Wednesday, February 1 by Benchmark. SunTrust upgraded Manhattan Associates, Inc. (NASDAQ:MANH) on Tuesday, October 3 to “Buy” rating. As per Monday, January 9, the company rating was downgraded by Raymond James. The firm has “Buy” rating by Benchmark given on Wednesday, July 22.

Wyndham Worldwide Corporation (NYSE:WYN) Institutional Positions Chart

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