Inside the research

Manhattan Associates, Inc.

MANH Research profile · latest available data

Price overview

$206.03

▼ -3.60 (-1.7%)

52w hi$223.76
52w lo$120.88
Vol420.40K
As of25 Sep 2026

The Verdict

Buy

Our score +0.65

Short+0.47
Medium+0.93
Long+0.45

computed 2026-09-27

Key fundamentals

Manhattan Associates, Inc.

Technology · Software - Application

Market cap$12.01B
Enterprise value$11.88B
Trailing P/E59.20x
Forward P/E33.52x
EV / EBITDA41.12x
P / S (ttm)10.67x
Profit margin18.7%
Return on equity96.4%
Revenue growth+9.3%
Earnings growth-8.6%
Debt / equity34.21

Layer Breakdown

LayerRawContribution
Fundamental+0.12
Sector+0.19
Technical+0.43
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-09-27

Business overview

Manhattan Associates, Inc. develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers warehouse management solution for managing goods and information across the distribution centers; Manhattan Active Warehouse Management, a cloud native and version less application for the associate; and transportation management solution for helping shippers navigate their way through the demands and meet customer service expectations at the lowest possible freight costs; Manhattan SCALE, a portfolio of logistics execution solution; and Manhattan Active Omni, which offers order management, store inventory and fulfillment, call center, POS, and customer engagement tools for enterprises and stores. The company also provides demand forecasting and replenishment, allocation, and unified business planning; technology platform including Manhattan Active Platform solutions, a cloud-native product designed to provide version-less product access; maintenance services, which offers on-premises software licensees with software upgrades for additional or improved functionality and technological advances; and professional services, such as solutions planning and implementation, and related consulting services. In addition, it provides training and change management services; and resells computer hardware, radio frequency terminal networks, radio frequency identification chip readers, bar code printers and scanners, and other peripherals. The company offers products through direct sales personnel and partnership agreements with various organizations. It serves retail, consumer goods, food and grocery, logistics service providers, industrial and wholesale, high technology and electronics, life sciences, and government industries. The company operates in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Manhattan Associates, Inc. was founded in 1990 and is headquartered in Atlanta, Georgia.

United States · www.manh.com

Risk Metrics

Beta vs SPX1.08
Corr SPX0.38
Annual vol46.0%
Annual ret-3.9%
Sharpe-0.08
Max DD-61.0%

Window: 504 trading days (504 obs)

Analyst Coverage

Mean PT$188.36
High / Low$240.00 / $145.00
Median$186.00
Analysts11
Strong Buy3
Buy6
Hold3
Sell0
Strong Sell0

Recent rating actions

2026-04-23Barclays→ Overweight
2026-04-22Stifel→ Buy
2026-04-22DA Davidson→ Buy
2026-04-22Citigroup→ Buy
2026-04-22Baird→ Outperform
2026-03-16Barclays→ Overweight

Material Events

DateEvent8-K
2026-07-28Earnings Release, Exhibitsread
2026-06-01Restructuring, Reg FD Disclosureread
2026-05-20Officer / Director Change, Exhibitsread
2026-05-18Shareholder Voteread
2026-04-21Earnings Release, Exhibitsread
2026-02-26Officer / Director Change, Reg FD Disclosure…read
2026-01-27Earnings Release, Exhibitsread
2025-10-21Earnings Release, Officer / Director Change…read
2025-07-22Earnings Release, Exhibitsread
2025-05-14Shareholder Voteread
2025-04-22Earnings Release, Officer / Director Change…read
2025-03-06Officer / Director Change, Exhibitsread

Flow & Concentration

Insider 180d net$0
Insider buys / sells0 / 0
Insider biasNeutral
13F holders9
Top-5 share98.8%
HHI2,920 (concentrated)

Top Holders

HolderValueShares
Fidelity / FMR LLC$502.87M3.61M
AQR Capital Management$458.02M3.33M
State Street Corp$265.34M1.91M
Renaissance Technologies$62.49M448.76K
Capital Research / Capital World$55.31M397.20K
Millennium Management$9.24M66.37K
Citadel Advisors$3.98M28.60K
Bridgewater Associates$2.73M19.57K
T. Rowe Price Group$36.15K259.62K

As of 2026-06-30

SEC Filings

DateFormDoc
2026-08-114view
2026-08-104view
2026-07-314view
2026-07-3110-Qview
2026-07-288-Kview
2026-06-164view
2026-06-104view
2026-06-018-Kview
2026-05-208-Kview
2026-05-184view
2026-05-184view
2026-05-184view
2026-05-184view
2026-05-184view
2026-05-184view

The Long Run

FY 2011–2025 · 15 years

LineLatestCAGRTrend
Revenue$1.04B+19.5%
Operating income$279.80M+21.5%
Net income$219.95M+22.8%
Cash from ops$295.00M+18.1%

Indices

S&P MidCap 400

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$209.50$210.38$205.47$206.03420.40K
Sep 24$211.60$213.30$208.49$209.63355.40K
Sep 23$209.15$212.56$207.25$210.37444.20K
Sep 22$211.77$212.57$202.18$207.09637.20K
Sep 21$212.47$212.51$206.85$209.35487.60K

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