Texas (October 18, 2013) Wax Ink has issued a Negative Investment Interest opinion for Manhattan Associates (Nasdaq: MANH) based on a recent baseline equity review that placed fair value between $43-$52.
Negative investment interest means that the current risk reward ratio does not favor investment consideration at this time.
The recent close of $94.64 is approximately 270% above the fair value buy target for the stock and approximately 80% above the fair value close target for the stock. The recent close is also 0.5% below analysts' twelve-month $94.50 median price target for the stock.
The recent close represents a 60% increase in the one-year price of the stock, while year-over-year sales increased 14%, year-over-year earnings increased 25%, year-over-year debt increased 0%, and year-over-year free cash flow increased 10%.
The stock currently has a trailing twelve-month PE Ratio of 34, and a PEG Ratio of 1.9 basis estimated forward earnings growth of 17.5%.
In the past 52 weeks, share prices have moved between a high of $97.45 and a low of $54.90, placing equilibrium at $84.87.
With the recent close, the stock is trading 3% below the 52 week high, 42% above the 52 week low, and 10% above equilibrium.
The three-month average daily trading volume for this stock is, approximately 76,000 shares.
Manhattan Associates develops, sells, deploys, services, and maintains supply chain commerce software solutions for retailers, wholesalers, manufacturers, governments, and other organizations to enhance their supply chain operations from planning through execution.
The company's listed competitors include JDA Software Group, Oracle Corporation,and RedPrairie Corporation.
Financial information contained herein, is based on the company's most recent annual SEC filing for year ending December 31, 2012 and all prices are per share unless otherwise noted.
Wax Ink currently has no investment position in any company mentioned in this alert.
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.