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

Manhattan Associates (NASDAQ:MANH) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 5.040-5.200 for the period, compared to the consensus estimate of 4.610. The company issued revenue guidance of $1.1 billion-$1.2 billion, compared to the consensus revenue estimate of $1.1 billion.

Manhattan Associates Stock Performance

Shares of MANH traded down $7.54 during mid-day trading on Tuesday, reaching $169.73. 1,222,269 shares of the company were exchanged, compared to its average volume of 556,878. The business has a 50 day simple moving average of $173.85 and a two-hundred day simple moving average of $193.44. The stock has a market capitalization of $10.23 billion, a PE ratio of 48.36 and a beta of 1.02. Manhattan Associates has a 52 week low of $140.81 and a 52 week high of $299.27.

Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, January 27th. The software maker reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.10. Manhattan Associates had a net margin of 20.25% and a return on equity of 78.80%. The business had revenue of $270.39 million during the quarter, compared to the consensus estimate of $264.69 million. During the same quarter in the prior year, the firm posted $1.17 EPS. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. On average, analysts predict that Manhattan Associates will post 3.3 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on MANH shares. Raymond James Financial decreased their target price on Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating for the company in a research note on Wednesday, October 22nd. Truist Financial set a $240.00 price objective on shares of Manhattan Associates in a research report on Thursday, January 15th. DA Davidson set a $250.00 price objective on shares of Manhattan Associates in a research note on Wednesday, October 22nd. Stifel Nicolaus cut their target price on shares of Manhattan Associates from $240.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Citigroup raised shares of Manhattan Associates from a “neutral” rating to a “buy” rating and lifted their price target for the company from $200.00 to $208.00 in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $219.58.

Manhattan Associates News Roundup

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

• Positive Sentiment: Company beat expectations — Manhattan reported $1.21 EPS vs. a $1.11 consensus and revenue of $270.39M vs. $264.69M, with strong net margin (20.25%) and ROE (78.8%), signaling continued profitability improvement. Press Release
• Positive Sentiment: Ongoing product/strategy positives — coverage highlights strong cloud subscription growth and a new AI agent rollout that could support longer-term recurring revenue expansion. Assessing Valuation & AI
• Neutral Sentiment: Analytical takes and metric comparisons — Zacks and other outlets parsed the quarter vs. estimates and year-ago metrics; useful for watching which revenue streams and margins moved the most. Zacks Metrics
• Neutral Sentiment: Earnings call resources available — transcripts and previews provide color on guidance, customer demand, and margin drivers; watch management comments for FY outlook and subscription vs. services mix. Earnings Transcript
• Negative Sentiment: Analyst pressure on valuation — Stifel cut its price target to $225, a signal that at least some sell-side firms view the stock as vulnerable at current multiples, which likely contributed to downward price pressure. Stifel Price Target Cut

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MANH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Manhattan Associates by 72.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,245 shares of the software maker’s stock worth $2,124,000 after buying an additional 5,128 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Manhattan Associates by 9.1% in the first quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker’s stock valued at $86,532,000 after purchasing an additional 41,571 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Manhattan Associates during the first quarter valued at about $987,000. Focus Partners Wealth boosted its holdings in Manhattan Associates by 181.4% during the first quarter. Focus Partners Wealth now owns 2,400 shares of the software maker’s stock worth $415,000 after purchasing an additional 1,547 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in Manhattan Associates during the second quarter worth about $446,000. 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.