Centaur Investments is pleased to reiterate our “Strong Buy” opinion on shares of Manhattan Associates (MANH). We’re also raising the price target once again, to $78 from $65 which was set in the previous update. The company’s common shares have been trading in a range from $64-69 in the last 30 days. Though Manhattan’s total revenue of $560 million trails other tech companies and cloud-computing software peers, the company’s return on assets of 25%, and return on equity of 70% is unarguably the best of the group as we compare in this analysis.
Additionally, Manhattan’s