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

Manhattan Associates (NASDAQ:MANH) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 5.290-5.370 for the period, compared to the consensus earnings per share estimate of 5.040. The company issued revenue guidance of $1.1 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MANH. Barclays decreased their target price on shares of Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Citigroup decreased their target price on shares of Manhattan Associates from $208.00 to $177.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Rothschild & Co Redburn set a $145.00 target price on shares of Manhattan Associates in a research note on Thursday, April 16th. Robert W. Baird increased their price objective on shares of Manhattan Associates from $183.00 to $186.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Finally, Weiss Ratings downgraded shares of Manhattan Associates from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 27th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $199.45.

Manhattan Associates Trading Down 3.3%

Manhattan Associates stock opened at $140.29 on Friday. The company’s 50-day moving average price is $138.23 and its two-hundred day moving average price is $151.05. The stock has a market cap of $8.30 billion, a price-to-earnings ratio of 39.30 and a beta of 0.97. Manhattan Associates has a 52 week low of $119.06 and a 52 week high of $247.22.

Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, April 21st. The software maker reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.14. The business had revenue of $282.22 million for the quarter, compared to the consensus estimate of $273.71 million. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm posted $1.19 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. Research analysts expect that Manhattan Associates will post 3.68 earnings per share for the current fiscal year.

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

Insider Buying and Selling at Manhattan Associates

In other news, EVP James Stewart Gantt sold 7,300 shares of the business’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $139.25, for a total value of $1,016,525.00. Following the sale, the executive vice president owned 60,815 shares in the company, valued at approximately $8,468,488.75. The trade was a 10.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eric Andrew Clark sold 1,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer owned 92,638 shares in the company, valued at $13,596,479.26. This represents a 1.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.84% of the company’s stock.

Trending Headlines about Manhattan Associates

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

• Positive Sentiment: Manhattan Associates raised FY 2026 guidance, with EPS outlook of $5.29-$5.37 above the $5.04 consensus, signaling management expects stronger profitability ahead.
• Positive Sentiment: The company continues to emphasize its cloud-first and AI strategy, including ActivePlatform and agent pilots, which supports the long-term growth narrative if monetization improves.
• Positive Sentiment: Manhattan Associates announced its 2026 Spotlight on Innovation Awards, highlighting customer engagement and reinforcing its brand in supply chain commerce. Article Title
• Neutral Sentiment: Recent bullish write-ups from Insider Monkey and Yahoo Finance may help sentiment, but they mainly restate the investment case rather than introduce a new catalyst.
• Negative Sentiment: CEO Eric Andrew Clark sold 1,000 shares, which can weigh on sentiment even though the sale was relatively small compared with his remaining holdings.
• Negative Sentiment: Zacks commentary flagged risks around services utilization, mix pressure, restructuring, competition, and macro uncertainty, suggesting execution concerns may limit near-term upside.
• Negative Sentiment: Ongoing investor-rights scrutiny from Rosen Law Firm adds another overhang, even though it is only an investigation at this stage.

Institutional Investors Weigh In On Manhattan Associates

A number of hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd lifted its position in Manhattan Associates by 448.0% during 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 during the period. Los Angeles Capital Management LLC acquired a new position in Manhattan Associates during the 4th quarter valued at about $49,000. Quarry LP bought a new stake in shares of Manhattan Associates in the 3rd quarter valued at about $62,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Manhattan Associates in the 3rd quarter valued at about $68,000. Finally, Rafferty Asset Management LLC bought a new stake in shares of Manhattan Associates in the 2nd quarter valued at about $209,000. Institutional investors own 98.45% of the company’s stock.

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.