Manhattan Associates (NASDAQ:MANH) Hits New 1-Year High Following Better-Than-Expected Earnings

Key Points

• Manhattan Associates beat quarterly expectations: Adjusted EPS came in at $1.55 versus the $1.46 consensus, while revenue rose 11% year over year to $306.2 million, exceeding estimates.
• Full-year 2026 guidance was raised: Management increased its revenue outlook to $1.176–$1.178 billion and adjusted EPS forecast to $5.54–$5.56, supported by 28% cloud subscription growth and strong contracted revenue.
• The stock reached a new 52-week high but valuation risks remain: Shares traded as high as $254, while the company’s elevated earnings multiple and recent insider sales could limit upside if growth moderates.

Manhattan Associates, Inc. (NASDAQ:MANH - Get Free Report)'s share price hit a new 52-week high on Wednesday following a better than expected earnings announcement. The company 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.46 by $0.09. The firm had revenue of $306.19 million during the quarter, compared to the consensus estimate of $297.01 million. During the same quarter in the previous year, the firm earned $1.36 EPS. The business's revenue for the quarter was up 11.0% on a year-over-year basis.

Key Headlines Impacting 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.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. UBS Group restated a "buy" rating on shares of Manhattan Associates in a research report on Wednesday, October 14th. Weiss Ratings upgraded shares of Manhattan Associates from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, October 2nd. DA Davidson cut shares of Manhattan Associates from a "buy" rating to a "neutral" rating and set a $210.00 price target on the stock. in a research note on Monday, September 28th. Citigroup boosted their price objective on shares of Manhattan Associates from $203.00 to $260.00 and gave the company a "buy" rating in a research report on Tuesday, October 20th. Finally, Robert W. Baird boosted their price target on Manhattan Associates from $218.00 to $260.00 and gave the company an "outperform" rating in a report on Wednesday, August 26th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $234.89.

Insider Activity

In other news, EVP James Gantt sold 5,139 shares of the firm's stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $195.53, for a total transaction of $1,004,828.67. Following the completion of the transaction, the executive vice president owned 55,676 shares in the company, valued at $10,886,328.28. This trade represents a 8.45% decrease in their ownership of the stock. The sale 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 Manhattan Associates stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $197.76, for a total value of $593,280.00. Following the completion of the sale, the chief executive officer directly owned 89,638 shares in the company, valued at approximately $17,726,810.88. The trade was a 3.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.84% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Manhattan Associates

A number of large investors have recently made changes to their positions in MANH. BlackRock Inc. purchased a new stake in Manhattan Associates in the second quarter worth $944,285,000. Swedbank AB boosted its stake in shares of Manhattan Associates by 25.0% during the first quarter. Swedbank AB now owns 1,500,000 shares of the software maker's stock valued at $199,680,000 after purchasing an additional 300,000 shares during the period. William Blair Investment Management LLC purchased a new stake in shares of Manhattan Associates during the second quarter valued at $94,049,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Manhattan Associates by 2.0% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 673,608 shares of the software maker's stock worth $89,671,000 after purchasing an additional 13,128 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of Manhattan Associates by 6.2% in the first quarter. Bessemer Group Inc. now owns 670,427 shares of the software maker's stock worth $89,247,000 after purchasing an additional 39,125 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Manhattan Associates Trading Up 5.1%

The company has a market cap of $14.33 billion, a PE ratio of 70.81 and a beta of 0.95. The company's 50 day moving average is $214.32 and its 200 day 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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