Manhattan Associates, Inc. (NASDAQ:MANH – Get Free Report)’s share price hit a new 52-week high on Wednesday after the company announced better than expected quarterly earnings. The stock traded as high as $254.00 and last traded at $247.75, with a volume of 160,875 shares traded. The stock had previously closed at $233.98.
The software maker reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.09. The business had revenue of $306.19 million for the quarter, compared to analysts’ expectations of $297.01 million. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the business posted $1.36 EPS.
Trending Headlines about Manhattan Associates
Here are the key news stories impacting Manhattan Associates this week:
- Positive Sentiment: Q3 earnings and revenue beat expectations. Adjusted EPS was $1.55 versus the $1.46 consensus, while revenue rose 11% year over year to $306.2 million, ahead of the $297.0 million estimate. Manhattan Associates Surpasses Q3 Earnings and Revenue Estimates
- Positive Sentiment: Management raised full-year 2026 guidance. Revenue is now expected at $1.176 billion-$1.178 billion, compared with the prior $1.160 billion-$1.166 billion range, while adjusted EPS guidance increased to $5.54-$5.56 from $5.44-$5.50. Manhattan Associates Provides 2026 Earnings Guidance
- Positive Sentiment: Cloud momentum and future contracted revenue remain strong. Cloud subscription revenue increased 28% to $134.4 million, and remaining performance obligations reached approximately $2.59 billion, supporting expectations for durable subscription growth. Management also said AI pilots are converting at a high rate and that new platform tiers could expand the addressable market. Manhattan Associates Raises Revenue Outlook and Discusses RPO Growth
- Neutral Sentiment: Board expertise was expanded. Manhattan Associates elected Juan Perez, a former Salesforce chief information officer, to its board, potentially adding enterprise technology and cloud expertise. Manhattan Associates Elects Juan Perez to Its Board
- Negative Sentiment: Valuation and insider selling are risks. MANH trades well above its 50-day and 200-day moving averages and carries a high earnings multiple. Recent insider activity included sales by the CEO and other executives, with no reported open-market purchases, which could temper enthusiasm if growth slows.
Wall Street Analysts Forecast Growth
MANH has been the subject of several recent analyst reports. Barclays raised their price target on Manhattan Associates from $201.00 to $239.00 and gave the stock an “overweight” rating in a report on Tuesday, September 8th. UBS Group restated a “buy” rating on shares of Manhattan Associates in a report on Wednesday, October 14th. Wall Street Zen raised shares of Manhattan Associates from a “hold” rating to a “buy” rating in a research report on Saturday. DA Davidson cut shares of Manhattan Associates from a “buy” rating to a “neutral” rating and set a $210.00 target price for the company. in a research note on Monday, September 28th. Finally, Robert W. Baird lifted their target price on shares of Manhattan Associates from $218.00 to $260.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $234.89.
View Our Latest Stock Analysis on Manhattan Associates
Insider Activity at Manhattan Associates
In related news, EVP James Gantt sold 5,139 shares of the business’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $195.53, for a total value of $1,004,828.67. Following the completion of the transaction, the executive vice president directly owned 55,676 shares in the company, valued at $10,886,328.28. The trade was a 8.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Eric Clark sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $197.76, for a total transaction of $593,280.00. Following the completion of the transaction, the chief executive officer owned 89,638 shares of the company’s stock, valued at approximately $17,726,810.88. This represents a 3.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.84% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of MANH. Allworth Financial LP increased its position in shares of Manhattan Associates by 3.1% during the second quarter. Allworth Financial LP now owns 2,587 shares of the software maker’s stock worth $360,000 after purchasing an additional 77 shares in the last quarter. V Square Quantitative Management LLC raised its stake in Manhattan Associates by 35.9% in the 1st quarter. V Square Quantitative Management LLC now owns 348 shares of the software maker’s stock valued at $46,000 after purchasing an additional 92 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in Manhattan Associates by 6.5% in the 3rd quarter. D.A. Davidson & CO. now owns 1,728 shares of the software maker’s stock valued at $343,000 after purchasing an additional 106 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its holdings in Manhattan Associates by 7.4% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 1,772 shares of the software maker’s stock valued at $366,000 after purchasing an additional 122 shares in the last quarter. Finally, Motley Fool Asset Management LLC boosted its stake in Manhattan Associates by 8.6% during the 3rd quarter. Motley Fool Asset Management LLC now owns 1,953 shares of the software maker’s stock worth $388,000 after purchasing an additional 155 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.
Manhattan Associates Stock Performance
The company has a market cap of $14.33 billion, a price-to-earnings ratio of 70.81 and a beta of 0.95. The firm’s 50 day simple moving average is $214.32 and its 200-day simple moving average is $165.66.
About Manhattan Associates
Manhattan Associates, Inc develops supply chain commerce software for retailers, wholesalers, manufacturers and logistics providers. Its solutions help organizations plan, execute and optimize inventory, warehouse, transportation and omnichannel fulfillment operations.
The company’s product portfolio includes warehouse management, transportation management, order management, inventory optimization, labor management and point-of-sale capabilities. Manhattan Associates also provides tools that support warehouse automation, store fulfillment, distributed order management and customer engagement across digital and physical retail channels.
Founded in 1990 and headquartered in Atlanta, Georgia, Manhattan Associates serves customers across North America, Europe, Asia-Pacific and other international markets.
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