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

Manhattan Associates (NASDAQ:MANH) updated 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.

Analysts Set New Price Targets

Several research firms have issued reports on MANH. Morgan Stanley set a $180.00 target price on shares of Manhattan Associates in a research note on Wednesday. Barclays dropped their price objective on Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Weiss Ratings upgraded Manhattan Associates from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 14th. Wall Street Zen cut Manhattan Associates from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, DA Davidson lifted their price target on Manhattan Associates from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday. Eight equities 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.com, the company has a consensus rating of “Moderate Buy” and an average target price of $209.20.

Manhattan Associates Stock Performance

Manhattan Associates stock opened at $191.36 on Friday. Manhattan Associates has a fifty-two week low of $119.06 and a fifty-two week high of $227.43. The stock has a market cap of $11.32 billion, a P/E ratio of 54.83 and a beta of 0.97. The firm’s fifty day moving average price is $150.47 and its 200-day moving average price is $145.48.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, July 28th. The software maker reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.07. The company had revenue of $297.79 million during the quarter, compared to analyst estimates of $289.03 million. Manhattan Associates had a net margin of 18.67% and a return on equity of 86.72%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.31 earnings per share. On average, analysts predict that Manhattan Associates will post 3.82 earnings per share for the current year.

Insider Transactions at Manhattan Associates

In related news, CEO Eric Andrew Clark sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $146.77, for a total transaction of $146,770.00. Following the transaction, the chief executive officer directly owned 92,638 shares of the company’s stock, valued at approximately $13,596,479.26. This trade represents a 1.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP James Stewart Gantt sold 5,139 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $195.53, for a total value of $1,004,828.67. Following the completion of the sale, the executive vice president owned 55,676 shares of the company’s stock, valued at $10,886,328.28. The trade was a 8.45% decrease in their position. The SEC filing for this sale provides additional information. 0.84% of the stock is currently owned by corporate insiders.

Manhattan Associates News Roundup

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

• Positive Sentiment: Manhattan Associates reported quarterly adjusted EPS of $1.39, exceeding the $1.32 consensus estimate, while revenue of $297.79 million surpassed expectations of $289.03 million and increased 9.3% year over year. Manhattan Associates Shares Gap Up After Strong Earnings
• Positive Sentiment: The company raised its fiscal 2026 EPS outlook to $5.44–$5.50, well above the analyst consensus of $5.02. Revenue guidance was approximately $1.2 billion, broadly in line with expectations, suggesting the earnings boost is being driven primarily by profitability and operating leverage. Why Manhattan Associates Is Up After Raising 2026 Guidance
• Positive Sentiment: Robert W. Baird raised its price target for MANH to $218, reinforcing the view that cloud adoption and AI-related products can support further upside. Robert W. Baird Boosts Manhattan Associates Price Target
• Neutral Sentiment: Analysts and investors remain divided on whether the company’s next growth phase is already reflected in the stock’s valuation. Recent commentary highlights the potential of Manhattan’s “Editions” and AI-agent offerings but also recommends patience as these initiatives scale. Manhattan Associates: The Next Chapter Is Already Priced In
• Negative Sentiment: EVP James Stewart Gantt sold 5,139 shares for approximately $1.0 million, reducing his ownership by 8.45%. While the sale may be routine, insider selling can weigh modestly on investor sentiment after a sharp rally. SEC Insider Sale Filing
• Negative Sentiment: Rosen Law Firm announced an investigation into potential breaches of fiduciary duties by Manhattan Associates’ directors and officers. The announcement does not establish wrongdoing, but it introduces a legal and reputational overhang. Rosen Law Firm Announces Investigation

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in MANH. Caitong International Asset Management Co. Ltd boosted its stake in shares of Manhattan Associates by 448.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock valued at $28,000 after purchasing an additional 112 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Manhattan Associates in the 4th quarter worth $49,000. Quarry LP purchased a new position in Manhattan Associates in the 3rd quarter worth $62,000. Measured Wealth Private Client Group LLC bought a new stake in Manhattan Associates in the third quarter worth $68,000. Finally, Rafferty Asset Management LLC purchased a new stake in Manhattan Associates during the second quarter valued at about $209,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

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.