Manhattan Associates (NASDAQ:MANH) Shares Gap Up Following Earnings Beat

Manhattan Associates, Inc. (NASDAQ:MANH) gapped up prior to trading on Wednesday after the company announced better than expected quarterly earnings. The stock had previously closed at $169.73, but opened at $179.27. Manhattan Associates shares last traded at $162.7960, with a volume of 392,530 shares.

The software maker reported $1.21 earnings per share (EPS) 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 analyst estimates of $264.69 million. During the same period last year, the firm posted $1.17 EPS. The company’s revenue was up 5.7% on a year-over-year basis. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS.

Key Headlines Impacting Manhattan Associates

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

• Positive Sentiment: Q4 results beat expectations: MANH reported $1.21 EPS vs $1.11 consensus and revenue of $270.4M vs $264.7M, with revenue +5.7% year-over-year and strong margins. The company also issued FY2026 EPS guidance of $5.04–$5.20, above Street estimates — a clear operational beat and higher forward profit guide. Manhattan Associates Reports Fourth Quarter Results
• Positive Sentiment: Analyst affirmation: William Blair maintained a Buy rating, citing robust subscription growth, a conservative 2026 outlook (leaving upside), and potential benefits from the company’s AI initiatives — supportive for medium-term investor thesis. Manhattan Associates: Robust Subscription Growth…
• Neutral Sentiment: Earnings call details available — management commentary and the full Q4 transcript provide more color on cloud/subscription trends and AI rollouts; useful for confirming whether guidance cadence or product commentary matched investor expectations. Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Market write-ups and post-earnings analysis discuss valuation after strong cloud growth and the company’s new AI agent — these pieces help investors assess whether current multiples (MANH trades at a high P/E) still justify the growth outlook. Assessing Manhattan Associates Valuation…
• Negative Sentiment: Short interest jumped in January: shorted shares rose ~23% to ~2.29M (≈3.8% of float) with a short-interest ratio ~3.8 days — an increase that can add downward pressure or volatility, and may explain the stock declining despite the beat. (Source: short-interest report)
• Negative Sentiment: Technical and intraday context: the shares are trading below the 50- and 200-day moving averages and volume was below the recent average on the move, which can amplify bearish sentiment among momentum traders. (Market data summary)

Analyst Ratings Changes

Several research analysts have commented on the stock. UBS Group set a $240.00 price objective on shares of Manhattan Associates in a report on Wednesday, October 22nd. DA Davidson set a $250.00 target price on Manhattan Associates in a research report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Manhattan Associates in a report on Thursday, January 22nd. Truist Financial set a $240.00 price objective on Manhattan Associates in a research note on Thursday, January 15th. Finally, Barclays decreased their price objective on Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $219.58.

Hedge Funds Weigh In On Manhattan Associates

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Manhattan Associates by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 6,820,320 shares of the software maker’s stock valued at $1,398,029,000 after buying an additional 108,426 shares during the period. Alliancebernstein L.P. boosted its stake in Manhattan Associates by 22.7% during the third quarter. Alliancebernstein L.P. now owns 2,801,901 shares of the software maker’s stock worth $574,334,000 after buying an additional 518,321 shares during the period. AQR Capital Management LLC increased its position in Manhattan Associates by 7.7% during the third quarter. AQR Capital Management LLC now owns 2,077,132 shares of the software maker’s stock valued at $425,771,000 after acquiring an additional 149,079 shares during the last quarter. Invesco Ltd. raised its stake in shares of Manhattan Associates by 4.1% in the third quarter. Invesco Ltd. now owns 893,264 shares of the software maker’s stock valued at $183,101,000 after acquiring an additional 35,172 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of Manhattan Associates by 0.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 860,869 shares of the software maker’s stock worth $176,461,000 after acquiring an additional 5,961 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Performance

The company’s fifty day moving average price is $173.85 and its 200-day moving average price is $193.44. The stock has a market cap of $9.76 billion, a P/E ratio of 46.25 and a beta of 1.02.

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.