Manhattan Associates (NASDAQ:MANH) Shares Gap Up Following Earnings Beat

Manhattan Associates, Inc. (NASDAQ:MANH)’s share price gapped up prior to trading on Wednesday following a better than expected earnings announcement. The stock had previously closed at $168.17, but opened at $195.00. Manhattan Associates shares last traded at $211.2470, with a volume of 398,027 shares traded.

The software maker reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.07. The company had revenue of $297.79 million for the quarter, compared to analyst estimates of $289.03 million. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.31 earnings per share.

Key Manhattan Associates News

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

• Positive Sentiment: Q2 results exceeded expectations: Adjusted earnings were $1.39 per share versus the $1.32 consensus estimate, while revenue increased 9.3% year over year to $297.8 million, ahead of the $289.0 million forecast. Manhattan Associates Q2 earnings report
• Positive Sentiment: Cloud growth remains the main catalyst: Cloud subscription revenue jumped 26% year over year to $126.7 million, supporting higher sales and profitability. The company also reported $2.47 billion in remaining performance obligations, providing visibility into future revenue. MANH Q2 earnings beat estimates
• Positive Sentiment: Full-year guidance was raised or strengthened: Manhattan Associates now expects 2026 revenue of approximately $1.160 billion to $1.166 billion and GAAP earnings of $3.59 to $3.65 per share. The company is also introducing “Active Editions” and targeting $2.62 billion to $2.68 billion in RPO, signaling confidence in recurring cloud demand. Manhattan Associates 2026 guidance
• Positive Sentiment: Analyst sentiment improved: Robert W. Baird raised its price target from $186 to $218 and maintained an Outperform rating. William Blair also reiterated a Buy rating, citing cloud acceleration and agent-based capabilities. Baird price-target update
• Neutral Sentiment: Management repurchased approximately 874,000 shares for $125 million during the quarter, which supports per-share value but reduces available cash.
• Negative Sentiment: GAAP diluted EPS declined to $0.85 from $0.93 a year earlier, and two executives reported share sales. A law firm has also announced an investigation into potential fiduciary-duty breaches; no wrongdoing has been established, but the matter could create an overhang. Rosen Law Firm investigation

Analysts Set New Price Targets

A number of research firms have issued reports on MANH. Stifel Nicolaus set a $225.00 target price on shares of Manhattan Associates in a report on Wednesday. Weiss Ratings raised Manhattan Associates from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 14th. Wall Street Zen lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Morgan Stanley set a $180.00 price objective on Manhattan Associates in a research note on Wednesday. Finally, Rothschild & Co Redburn set a $145.00 target price on Manhattan Associates in a report on Thursday, April 16th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $208.20.

Insider Buying and Selling

In other Manhattan Associates news, CEO Eric Andrew Clark sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $146.77, for a total transaction of $146,770.00. Following the completion of the transaction, the chief executive officer owned 92,638 shares in the company, valued at $13,596,479.26. The trade was a 1.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.84% of the stock is owned by company insiders.

Institutional Investors Weigh In On Manhattan Associates

Several institutional investors have recently modified their holdings of MANH. Wasatch Advisors LP increased its holdings in Manhattan Associates by 2.8% in the second quarter. Wasatch Advisors LP now owns 11,147 shares of the software maker’s stock valued at $1,552,000 after buying an additional 306 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in Manhattan Associates by 5.6% during the 2nd quarter. Handelsbanken Fonder AB now owns 18,788 shares of the software maker’s stock worth $2,616,000 after buying an additional 1,000 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Manhattan Associates by 8.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 126,378 shares of the software maker’s stock worth $17,598,000 after buying an additional 10,265 shares during the last quarter. Harbor Investment Advisory LLC acquired a new position in shares of Manhattan Associates during the 2nd quarter worth about $64,000. Finally, Versant Capital Management Inc boosted its position in shares of Manhattan Associates by 508.9% during the 2nd quarter. Versant Capital Management Inc now owns 274 shares of the software maker’s stock worth $38,000 after acquiring an additional 229 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Manhattan Associates Trading Up 25.4%

The firm has a market cap of $12.48 billion, a PE ratio of 59.08 and a beta of 0.97. The business has a fifty day moving average price of $146.95 and a 200 day moving average price of $144.84.

About Manhattan Associates

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.