Manhattan Associates (NASDAQ:MANH) Issues Earnings Results, Beats Expectations By $0.14 EPS

Manhattan Associates (NASDAQ:MANH) released its quarterly earnings results on Tuesday. The software maker reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.14, FiscalAI reports. Manhattan Associates had a net margin of 19.68% and a return on equity of 71.91%. The firm had revenue of $282.22 million for the quarter, compared to analysts’ expectations of $273.71 million. During the same quarter last year, the company earned $1.19 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. Manhattan Associates updated its FY 2026 guidance to 5.290-5.370 EPS.

Here are the key takeaways from Manhattan Associates’ conference call:

• Manhattan reported a strong Q1 with $282M revenue (+7%), cloud revenue +24% to $117M, and RPO up 24% to $2.35B, driven by healthy deal volume, >70% win rates and >55% of new cloud bookings from net new logos.
• The new Active Agent AI offering showed early commercial traction with dozens of pilots and paying customers across industries and measurable operational wins (examples include a 5% improvement in order cycle times and up to 75% reduction in exceptions), with monetization via paid 90‑day pilots and expected larger contribution in 2027.
• Management raised full‑year guidance — revenue range of $1.147B–$1.157B (midpoint ~11% ex-license growth), cloud revenue midpoint to $495M, adjusted EPS to $5.29–$5.37 — and returned capital with $150M of buybacks in Q1 and $350M remaining authorization.
• Management flagged risks and one‑offs that temper sustainability, including macro and FX volatility (Q1 FX tailwind), some nonrecurring cloud overage fees boosting results, ongoing license/maintenance attrition to cloud (100bp margin headwind) and the early-stage nature of AI monetization so near-term contribution is being modeled conservatively.

Manhattan Associates Stock Up 5.9%

Shares of MANH opened at $142.88 on Thursday. Manhattan Associates has a 52-week low of $119.06 and a 52-week high of $247.22. The firm’s fifty day moving average is $136.96 and its two-hundred day moving average is $162.09. The stock has a market cap of $8.46 billion, a PE ratio of 40.02 and a beta of 1.05.

Trending Headlines about Manhattan Associates

Here are the key news stories impacting Manhattan Associates this week:

• Positive Sentiment: Q1 results beat consensus on revenue and EPS and management raised FY‑2026 guidance (EPS $5.29–$5.37; revenue ~$1.147B–$1.157B), which materially improved investor outlook. Manhattan Associates Reports First Quarter Results
• Positive Sentiment: Management and the earnings call highlighted accelerating cloud revenue, strong backlog/RPO targets and healthy operating cash flow — key drivers cited for the share rally. Earnings Call Showcases Cloud Momentum
• Positive Sentiment: Buy‑side and bullish commentary surfaced (Seeking Alpha and The Motley Fool highlighted the company’s wide moat and the “time to buy” thesis after the results), supporting momentum. Moat Remains Wide — Time to Buy
• Neutral Sentiment: Analysts updated targets after earnings: Robert W. Baird nudged its target up modestly, while several firms trimmed targets (Citigroup, DA Davidson, Stifel) but kept buy ratings — a mixed signal that still leaves upside vs. the current price. Analyst Price Target Moves
• Neutral Sentiment: Detailed third‑party breakdowns show revenue beat and improving cash flow, but some metrics (net income year‑over‑year) were weaker — investors should watch margin and GAAP vs. non‑GAAP reconcilations. QuiverQuant Q1 Summary
• Negative Sentiment: Rosen Law Firm announced an investigation into potential breaches of fiduciary duty by Manhattan’s directors/officers — a legal overhang that can introduce volatility and potential litigation costs. Rosen Law Firm Investigation
• Negative Sentiment: The Schall Law Firm also announced a shareholder investigation into potential board fiduciary breaches, compounding legal risk and investor uncertainty. Schall Law Firm Investigation
• Negative Sentiment: Some reporting flagged lower net income year‑over‑year and noted insider share sales in the period — items investors watch as potential negatives despite the operational beat. QuiverQuant — Net Income & Insider Notes

Institutional Investors Weigh In On Manhattan Associates

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LLC boosted its stake in Manhattan Associates by 156.0% during the 4th quarter. Corient Private Wealth LLC now owns 11,550 shares of the software maker’s stock worth $2,002,000 after purchasing an additional 7,038 shares during the last quarter. Alberta Investment Management Corp acquired a new stake in Manhattan Associates during the 4th quarter worth $1,300,000. First Citizens Bank & Trust Co. boosted its stake in Manhattan Associates by 8.6% during the 4th quarter. First Citizens Bank & Trust Co. now owns 6,829 shares of the software maker’s stock worth $1,184,000 after purchasing an additional 539 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Manhattan Associates by 9.4% during the 4th quarter. NewEdge Advisors LLC now owns 2,628 shares of the software maker’s stock worth $455,000 after purchasing an additional 226 shares during the last quarter. Finally, XTX Topco Ltd boosted its stake in Manhattan Associates by 263.2% during the 4th quarter. XTX Topco Ltd now owns 3,992 shares of the software maker’s stock worth $692,000 after purchasing an additional 2,893 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Manhattan Associates announced that its Board of Directors has initiated a stock repurchase program on Thursday, March 5th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the software maker to reacquire up to 5.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MANH shares. Citigroup dropped their price target on shares of Manhattan Associates from $208.00 to $177.00 and set a “buy” rating on the stock in a research note on Wednesday. Robert W. Baird lifted their price target on shares of Manhattan Associates from $183.00 to $186.00 and gave the company an “outperform” rating in a research note on Wednesday. Morgan Stanley dropped their price target on shares of Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Monday, January 5th. Stifel Nicolaus dropped their price target on shares of Manhattan Associates from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, William Blair reissued an “outperform” rating on shares of Manhattan Associates in a research note on Thursday, March 5th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $202.64.

Manhattan Associates Company Profile

Manhattan Associates, Inc (NASDAQ: MANH) is a provider of supply chain and omnichannel commerce software solutions designed to optimize the flow of goods, information and funds across enterprise operations. Its flagship offerings include warehouse management, transportation management, order management and omnichannel fulfillment applications. These solutions are delivered through a cloud-native platform called Manhattan Active, which enables retailers, manufacturers, carriers and third-party logistics providers to orchestrate inventory, manage distribution and improve customer service in real time.

Key product areas include Manhattan Active Warehouse Management, which automates and optimizes warehouse operations from receiving through shipping; Manhattan Active Transportation Management, supporting carrier selection, routing and freight payment; and Manhattan Active Omni, which unifies order capture, inventory visibility and fulfillment across stores, distribution centers and e-commerce channels.