Manhattan Associates, Inc. (MANH) Stock Price & Analysis
Manhattan Associates, Inc. (MANH) closed at USD 242.17 on Thursday, October 22, 2026, up 2.69% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 235.83; the Oct 22, 2026 session ranged USD 237.13–242.49 on volume of 630,709 shares. Market capitalization is $14.12B, with a 52-week range of USD 119.06–242.49 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:23 UTC.
Also available as compact Markdown for AI agents: nexqual.com/MANH.md
Key facts (MANH)
- Last four reported quarters (through Jun 30, 2026): revenue $1.13B, net income $210M (18.7% margin), free cash flow $399M (SEC filings).
- Valuation: P/E 67.2x (avg 67.1x at the last 3 fiscal year-ends).
- 2 of 80 tracked superinvestors hold MANH (13F, Q2 2026): 0 new, 1 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 5 Form 4 filings, $3.1M; 5 not under a Rule 10b5-1 plan ($3.1M); 2 by opportunistic insiders (2 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 1.91 on a 1–5 scale) (11 analysts), mean target USD 235.9 (range 190–260).
- Total return with dividends: 1Y +24.4% vs S&P 500 +14.9%; 5Y +43.6% vs S&P 500 +80.3%.
- Next earnings: 2026-10-27, EPS estimate USD 1.46, revenue estimate $297M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (MANH)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $664M | $767M | $929M | $1.04B | $1.08B | $1.13B |
| Gross profit | $366M | $409M | $498M | $571M | $609M | — |
| Operating income | $134M | $153M | $210M | $262M | $280M | $274M |
| Net income | $110M | $129M | $177M | $218M | $220M | $210M |
| EPS (diluted) | $1.72 | $2.03 | $2.82 | $3.51 | $3.60 | — |
| Free cash flow | $181M | $173M | $241M | $286M | $374M | $399M |
| Gross margin | 55.1% | 53.3% | 53.6% | 54.8% | 56.3% | — |
| Operating margin | 20.2% | 19.9% | 22.6% | 25.1% | 25.9% | 24.3% |
| Net margin | 16.6% | 16.8% | 19.0% | 20.9% | 20.3% | 18.7% |
| Revenue growth | +13.2% | +15.6% | +21.1% | +12.2% | +3.7% | — |
| Cash + short-term investments | — | $225M | $271M | $266M | $329M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (MANH)
P/E 67.2x · P/S 12.5x · P/FCF 35.4x · P/B 89.6x · FCF yield 2.83% · Earnings yield 1.49% · Buyback yield (TTM) 3.08%
P/E at fiscal year-ends: Dec 2025 48.1x, Dec 2024 77.0x, Dec 2023 76.3x.
Superinvestors (SEC 13F-HR, Q2 2026) (MANH)
2 of 80 tracked investors hold MANH. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Terry Smith | Fundsmith | 0.18% | $24.1M | Added +43.1% |
| Jensen Investment Management | 0.01% | $565K | Reduced -8.1% |
Insider sales (SEC Form 4, open-market, last ~7 months) (MANH)
0 of 5 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-11 | Clark Eric Andrew | President & CEO | 3,000 | $593K | 3.2% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-08-06 | Hollembaek Linda T. | Director | 1,579 | $300K | 11.4% | No | Too little history (no open-market trades in 2024) |
| 2026-07-30 | Gantt James Stewart | EVP, Professional Services | 5,139 | $1.0M | 8.5% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-10 | Clark Eric Andrew | President & CEO | 1,000 | $147K | 1.1% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-04-24 | Gantt James Stewart | EVP, Professional Services | 7,300 | $1.0M | 10.7% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (MANH)
Consensus Buy (mean 1.91 on a 1–5 scale), 11 analysts; mean target USD 235.9 (low 190, high 260).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-20 | Citigroup | Target raised | Buy | $203 → $260 |
| 2026-10-14 | Stifel | Target raised | Buy | $225 → $250 |
| 2026-10-12 | Morgan Stanley | Upgrade | Equal-Weight → Overweight | $180 → $250 |
| 2026-09-28 | DA Davidson | Downgrade | Buy → Neutral | $210 |
| 2026-09-08 | Barclays | Target raised | Overweight | $201 → $239 |
| 2026-08-26 | Baird | Target raised | Outperform | $218 → $260 |
| 2026-07-29 | Stifel | Target raised | Buy | $200 → $225 |
| 2026-07-29 | DA Davidson | Target raised | Buy | $200 → $210 |
| 2026-07-29 | Baird | Target raised | Outperform | $186 → $218 |
| 2026-07-29 | Loop Capital | Upgrade | Hold → Buy | $150 → $215 |
| 2026-07-21 | Citigroup | Target raised | Buy | $177 → $193 |
Total return (dividends reinvested) (MANH)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +24.4% | +43.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +24.5% | +7.5% |
| Volatility (annualized) | 46.5% | 39.6% |
| Max drawdown | -38.0% (Oct 2025→Apr 2026) | -60.0% (Dec 2024→Apr 2026) |
MANH revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Service Other | $133.0M | 44.7% | +3.2% |
| Cloud Subscriptions | $126.7M | 42.6% | +26.2% |
| Maintenance | $30.5M | 10.2% | -12.9% |
| Hardware | $5.6M | 1.9% | -14.4% |
| License & Maintenance | $1.9M | 0.6% | +25.9% |
| Total revenue | $297.8M | 100% | — |
MANH revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Americas | $227.0M | 76.2% | +9.9% |
| Non Us | $102.0M | 34.3% | +11.5% |
| EMEA | $55.4M | 18.6% | +5.9% |
| Asia Pacific | $15.4M | 5.2% | +14.0% |
| Total revenue | $297.8M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
MANH suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Microsoft (MSFT) | “Through this platform, Manhattan Active SCALE customers receive new capability on an annual basis and enjoy full configurability and elements of technical extensibility even when delivered on Azure.” |
Quoted from the company's 10-K filed Feb 4, 2026.
MANH analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.46 | $1.44 | +1.6% | $297.0M | 10 |
| Next quarter (ends Dec 2026) | $1.40 | $1.37 | +1.9% | $288.3M | 10 |
| Current fiscal year (ends Dec 2026) | $5.50 | $5.36 | +2.5% | $1.17B | 11 |
| Next fiscal year (ends Dec 2027) | $6.12 | $5.97 | +2.6% | $1.26B | 11 |
MANH options: expected move
Options price a move of about ±13.8% (±$33.40) by Nov 20, 2026, which includes earnings on Oct 27, 2026. Over the last 8 reports the stock moved ±11.7% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 61.7% | ±13.8% |
| Dec 18, 2026 | 56 | 51.2% | ±16.0% |
| Jan 15, 2027 | 84 | 46.4% | ±17.7% |
| Apr 16, 2027 | 175 | 46.3% | ±25.4% |
30-day implied volatility 59.1% vs 33.1% realized over the last 30 trading days. Put/call ratio (volume) 1.72. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:23 UTC)
| Price | USD 242.17 |
|---|---|
| Change | ▲ 2.69% (up) |
| Previous Close | USD 235.83 |
| Open | USD 237.13 |
| Day Range | USD 237.13 – 242.49 |
| 52-Week Range | USD 119.06 – 242.49 |
| Volume | 630,709 shares |
| Market Cap | $14.12B |
| Exchange | NMS |
Technical Analysis (MANH)
Nexqual's technical model rates MANH "BUY" based on 5 bullish and 3 bearish signals across 127 daily candles, as of October 23, 2026 at 09:23 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 72.77 (overbought) |
| vs SMA50 | Above (USD 212.05) |
| MACD | 7.76 (positive) |
Analyst Ratings (MANH)
Wall Street analysts rate MANH "Buy" based on 11 analysts, with a mean price target of USD 235.9 (range USD 190–260), per Nexqual as of October 23, 2026 at 09:23 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 11 |
| Mean Target | USD 235.9 |
| High Target | USD 260 |
| Low Target | USD 190 |
| Buy / Hold / Sell | 9 / 2 / 0 |
Earnings (MANH)
| Next Earnings Date | 2026-10-27 |
|---|---|
| EPS Estimate | USD 1.46 |
| Revenue Estimate | $297.01M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.39 vs est 1.32 ▲ beat |
| 2026-03-31 | USD 1.24 vs est 1.11 ▲ beat |
| 2025-12-31 | USD 1.21 vs est 1.13 ▲ beat |
| 2025-09-30 | USD 1.36 vs est 1.19 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Financials & Fundamentals (MANH)
| Total Revenue | $1.13B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +9.30% |
| Gross Margin | +55.81% |
| Operating Margin | +25.01% |
| Profit Margin | +18.67% |
| ROE | +96.38% |
| Debt / Equity | 0.34 |
| Current Ratio | 0.98 |
| Total Cash | $186.11M |
| Total Debt | $53.88M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $399.19M (35.4% of revenue) |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Financial Health Score (MANH)
Nexqual rates Manhattan Associates, Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:23 UTC.
| Growth | Mixed — Revenue +3.7% YoY (annual), slow |
|---|---|
| Profitability | Strong — Gross margin 56%, operating 25% (last 12 months) |
| Balance Sheet | Mixed — $186M cash vs $54M debt, net cash position |
| Cash Flow | Strong — FCF $399M (last 4 quarters to Jun 2026, SEC), 35% margin |
| Efficiency | Strong — ROE 96%, ROA 24.4% |
Ownership (MANH)
| Insider Ownership | +1.35% |
|---|---|
| Institutional Ownership | +113.33% |
| Shares Outstanding | 58.30M |
| Float | 54.36M |
| Short % of Float | +7.10% |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Leadership (MANH)
Manhattan Associates, Inc. is led by Eric A. Clark, President, CEO & Director, per Nexqual as of October 23, 2026 at 09:23 UTC.
| President, CEO & Director | Eric A. Clark |
|---|---|
| Executive Vice President of Professional Services - Americas | J. Stewart Gantt |
| CFO, Chief Accounting Officer and Treasurer | Linda C. Pinne |
| Chief Operating Officer | Greg Betz |
| Executive VP & CTO | Sanjeev Siotia |
Major Backers & Investors (MANH)
Notable institutional backers of Manhattan Associates, Inc. include FMR, LLC, T. Rowe Price, AQR Capital Management, LLC, according to Nexqual as of October 23, 2026 at 09:23 UTC.
Active Investors
| Investor | Stake |
|---|---|
| FMR, LLC | 6.19% |
| T. Rowe Price | 5.82% |
| AQR Capital Management, LLC | 5.71% |
| Morgan Stanley | 4.57% |
| Alliancebernstein L.P. | 3.94% |
| Eaton Vance Growth Trust-Eaton Vance Atlanta Capital SMID-Cap Fund | 2.23% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 11.63% |
| Vanguard Group | 11.21% |
| State Street | 3.27% |
| Geode Capital | 3.22% |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
From Manhattan Associates, Inc.'s Latest SEC 10-K Filing (filed 2026-02-04)
Key Strengths & Strategy (as disclosed to the SEC)
- The server side full stack runs exclusively on Google Cloud Platform, and end users can access the system from almost any type of device: mobile, tablet, or desktop.
- Built on the Manhattan Active cloud-native platform, the solution connects planning directly with Manhattan Active execution solutions, including Warehouse Management, Transportation Management, Order Management, and Store Operations, reducing latency between planning and execution and supporting end-to-end supply chain coordination.
- We provide our SaaS services and license our proprietary products to our customers under services contracts and license agreements that we believe contain appropriate use and other restrictions in order to try to best protect our ownership of our services and products and our proprietary rights and to protect our revenue potential.
- Manhattan Active WM runs on Google Cloud Platform, is offered exclusively via subscription, and includes state-of-the-art-fulfillment optimization technology, a consumer grade mobile app experience for the associate, and embedded gamification capabilities to improve associate engagement and performance.
Legal & Regulatory Risks (Item 1A, quoted)
- Risks Related to Laws and Regulations
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:23 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt