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Is this Large Market Cap Stock target price reasonable for Manhattan Associates, Inc. (NASDAQ:MANH)?

The company in question is, Manhattan Associates, Inc. (NASDAQ:MANH) currently with a stock price of 56.45 (-1.50% today). The market cap for Manhattan Associates, Inc. is 4114.28, and is in the sector Technology, and Application Software industry. The target price for Manhattan Associates, Inc. is 72.75. Currently Manhattan Associates, Inc. is trading with a P/E of 36.41, and a forward P/E of 28.48. Average volume for Manhattan Associates, Inc. is 605.04 and so far today it is 385366.

Performance in the last year for Manhattan Associates, Inc. has been -10.83%. For EPS growth, Manhattan Associates, Inc. has seen a growth of 29.30%, and is looking to grow in the next year to 12.15%. More long term stats show that EPS growth has been 34.90% over the last five years and could be 15.00% for the next five years. Manhattan Associates, Inc. has seen sales growth quarter over quarter at 11.40%, with EPS growth quarter over quarter at 31.60%. The 20-day simple moving average is -4.17%, with the 200-day simple moving average coming to -5.00%.

Since the IPO date for Manhattan Associates, Inc. on the 4/23/1998, Manhattan Associates, Inc. has seen performance year to date to be -13.39%. With Manhattan Associates, Inc. trading at 56.45, the dividend yield is *TBA, and the EPS is 1.57.

So could Manhattan Associates, Inc., be undervalued? Well as said before P/E is 36.41. The PEG is 2.43, P/S is 6.99 and the P/B is at 23.58. The P/cash is 43.22, with P/free cash flow at 32.35.

Manhattan Associates, Inc. ability to deal with debt shows that the current ratio is 1.8, and the quick ratio is 1.8. This is with long term debt/equity at 0, and total debt/equity at 0.

In terms of margins, Manhattan Associates, Inc. has a gross margin of 58.20%, an operating margin of 30.30% and a profit margin of 19.60%.Payout ratio for Manhattan Associates, Inc. is 0.00%. Return on assets come to 36.80% with return on investment coming to 52.20%.

Insider ownership for Manhattan Associates, Inc., is at 0.80% and institutional ownership comes to *TBA. Outstanding shares are at 71.79. While shares float is 70.76. The float short is currently 5.39%, and short ratio is 6.3.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Tony Dabbs

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