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Manhattan Associates (MANH) 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 operates in three segments: the Americas; Europe, the Middle East, and Africa; and the Asia Pacific. Its platform-based supply chain software solution portfolio includes Manhattan SCOPE and Manhattan SCALE. The companys Manhattan SCOPE provides supply chain solution suites that include inventory optimization, transportation lifecycle management, and distribution management; and commerce chain solution suites comprising order lifecycle management, store inventory and fulfillment, and planning, as well as supply chain process platforms. Its Manhattan SCALE provides a portfolio of logistics execution solutions that offer trading partner management, yard management, optimization, warehouse management, and transportation execution services.
The company also offers professional services, including solutions planning and implementation, and related consulting services; customer training and support services; and software enhancements. In addition, it sells computer hardware, radio frequency terminal networks, radio frequency identification chip readers, bar code printers and scanners, and other peripherals.
Shares have come down with the rest of the technology stocks but now has found a support at its 200-day moving average. MANH is the highest performing and most innovative supply chain software solutions and services company on the publicly traded market with zero debt, a 5 year compound annual growth rate (CAGR) over 50%, and several growth catalysts including: a high project win rate of 75% for current and new clients, and continuously growing as an acquisition target for Enterprise Resource Planning (ERP) giants (like Oracle and SAP AG) and/or consulting firms (Deloitte Consulting, Accenture, other). MANH is positioned to match and beat its 5 year CAGR of over 50% in 2014 (without an acquisition), and that is a conservative to base case projection of the current market valuation.
Higher share prices are expected for MANH.
52-Week Trading Range: $17.85 - $40.79
Entry Point: $31.77
Stop Loss: $30.15
Target Price: $34.95
Taking profits on MANH. Closed at $34.95.
