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 |
| Vol | 420.40K |
| As of | 25 Sep 2026 |
The Verdict
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/E | 59.20x |
| Forward P/E | 33.52x |
| EV / EBITDA | 41.12x |
| P / S (ttm) | 10.67x |
| Profit margin | 18.7% |
| Return on equity | 96.4% |
| Revenue growth | +9.3% |
| Earnings growth | -8.6% |
| Debt / equity | 34.21 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| 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.
Risk Metrics
| Beta vs SPX | 1.08 |
|---|---|
| Corr SPX | 0.38 |
| Annual vol | 46.0% |
| 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 |
| Analysts | 11 |
| Strong Buy | 3 | |
|---|---|---|
| Buy | 6 | |
| Hold | 3 | |
| Sell | 0 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-04-23 | Barclays | → Overweight |
| 2026-04-22 | Stifel | → Buy |
| 2026-04-22 | DA Davidson | → Buy |
| 2026-04-22 | Citigroup | → Buy |
| 2026-04-22 | Baird | → Outperform |
| 2026-03-16 | Barclays | → Overweight |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-07-28 | Earnings Release, Exhibits | read |
| 2026-06-01 | Restructuring, Reg FD Disclosure | read |
| 2026-05-20 | Officer / Director Change, Exhibits | read |
| 2026-05-18 | Shareholder Vote | read |
| 2026-04-21 | Earnings Release, Exhibits | read |
| 2026-02-26 | Officer / Director Change, Reg FD Disclosure… | read |
| 2026-01-27 | Earnings Release, Exhibits | read |
| 2025-10-21 | Earnings Release, Officer / Director Change… | read |
| 2025-07-22 | Earnings Release, Exhibits | read |
| 2025-05-14 | Shareholder Vote | read |
| 2025-04-22 | Earnings Release, Officer / Director Change… | read |
| 2025-03-06 | Officer / Director Change, Exhibits | read |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 9 |
| Top-5 share | 98.8% |
| HHI | 2,920 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| Fidelity / FMR LLC | $502.87M | 3.61M |
| AQR Capital Management | $458.02M | 3.33M |
| State Street Corp | $265.34M | 1.91M |
| Renaissance Technologies | $62.49M | 448.76K |
| Capital Research / Capital World | $55.31M | 397.20K |
| Millennium Management | $9.24M | 66.37K |
| Citadel Advisors | $3.98M | 28.60K |
| Bridgewater Associates | $2.73M | 19.57K |
| T. Rowe Price Group | $36.15K | 259.62K |
As of 2026-06-30
SEC Filings
The Long Run
FY 2011–2025 · 15 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| 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
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $209.50 | $210.38 | $205.47 | $206.03 | 420.40K |
| Sep 24 | $211.60 | $213.30 | $208.49 | $209.63 | 355.40K |
| Sep 23 | $209.15 | $212.56 | $207.25 | $210.37 | 444.20K |
| Sep 22 | $211.77 | $212.57 | $202.18 | $207.09 | 637.20K |
| Sep 21 | $212.47 | $212.51 | $206.85 | $209.35 | 487.60K |
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