Manhattan Associates (NASDAQ:MANH) Releases FY 2026 Earnings Guidance

Manhattan Associates (NASDAQ:MANH) issued an update on its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 5.440-5.500 for the period, compared to the consensus estimate of 5.020. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion.

Manhattan Associates Price Performance

MANH traded down $13.44 during trading hours on Thursday, reaching $190.58. The company’s stock had a trading volume of 1,321,744 shares, compared to its average volume of 758,110. The stock has a market cap of $11.28 billion, a PE ratio of 54.61 and a beta of 0.97. Manhattan Associates has a fifty-two week low of $119.06 and a fifty-two week high of $227.43. The business’s 50-day moving average is $148.29 and its 200-day moving average is $145.05.

Manhattan Associates (NASDAQ:MANH) last posted its earnings results on Tuesday, July 28th. The software maker reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.07. The company had revenue of $297.79 million for the quarter, compared to the consensus estimate of $289.03 million. Manhattan Associates had a return on equity of 77.39% and a net margin of 18.67%.The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.31 earnings per share. Analysts expect that Manhattan Associates will post 3.74 EPS for the current year.

Wall Street Analysts Forecast Growth

MANH has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Manhattan Associates from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 14th. Rothschild & Co Redburn set a $145.00 price target on Manhattan Associates in a research note on Thursday, April 16th. Wall Street Zen cut Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Robert W. Baird increased their target price on Manhattan Associates from $186.00 to $218.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, DA Davidson lifted their target price on Manhattan Associates from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Manhattan Associates has an average rating of “Moderate Buy” and a consensus price target of $209.20.

Insider Buying and Selling at Manhattan Associates

In other news, CEO Eric Andrew Clark sold 1,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $146.77, for a total transaction of $146,770.00. Following the sale, the chief executive officer owned 92,638 shares of the company’s stock, valued at approximately $13,596,479.26. This represents a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.84% of the company’s stock.

Manhattan Associates News Summary

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

• Positive Sentiment: Manhattan Associates reported second-quarter revenue of $297.8 million, up 9.3% year over year and ahead of the $289.0 million consensus estimate. Adjusted EPS of $1.39 also exceeded expectations of approximately $1.32. Manhattan Associates Q2 earnings report
• Positive Sentiment: Cloud subscription revenue climbed 26% to $126.7 million, while remaining performance obligations reached $2.47 billion. The results suggest continued demand for the company’s cloud-based supply-chain software. MANH Q2 earnings and cloud growth
• Positive Sentiment: The company raised its 2026 adjusted EPS outlook to $5.44-$5.50, above the prior consensus estimate of $5.02, while maintaining revenue guidance near $1.16 billion-$1.166 billion. Management cited cloud momentum, AI capabilities and new “Active Editions” offerings. Why MANH rose after raising guidance
• Neutral Sentiment: Analysts remain broadly constructive: Robert W. Baird raised its price target to $218 and maintained an Outperform rating, while William Blair reiterated a Buy rating based on cloud acceleration and agent-based technology. Analyst view on Manhattan Associates
• Negative Sentiment: After the earnings-driven rally, valuation has returned to focus. With MANH trading at roughly 55 times earnings, some analysts argue that the cloud, AI and guidance improvements are already priced in, leaving less room for additional upside and increasing the risk of profit-taking. Manhattan Associates valuation analysis

Hedge Funds Weigh In On Manhattan Associates

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC increased its stake in shares of Manhattan Associates by 3.3% during the second quarter. NewEdge Advisors LLC now owns 1,852 shares of the software maker’s stock worth $366,000 after buying an additional 59 shares during the period. Tower Research Capital LLC TRC grew its holdings in Manhattan Associates by 2.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,708 shares of the software maker’s stock worth $555,000 after acquiring an additional 69 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in shares of Manhattan Associates by 1.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 6,369 shares of the software maker’s stock valued at $1,104,000 after purchasing an additional 80 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Manhattan Associates by 7.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,365 shares of the software maker’s stock valued at $269,000 after purchasing an additional 94 shares in the last quarter. Finally, Lido Advisors LLC raised its holdings in shares of Manhattan Associates by 8.5% in the 4th quarter. Lido Advisors LLC now owns 1,332 shares of the software maker’s stock valued at $231,000 after purchasing an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

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.