Manhattan Associates (NASDAQ:MANH) Shares Gap Up on Strong Earnings

Manhattan Associates, Inc. (NASDAQ:MANH) gapped up before the market opened on Wednesday following a better than expected earnings announcement. The stock had previously closed at $134.89, but opened at $149.00. Manhattan Associates shares last traded at $144.9490, with a volume of 149,771 shares traded.

The software maker reported $1.24 EPS for the quarter, topping the consensus estimate of $1.10 by $0.14. The company had revenue of $282.22 million for the quarter, compared to analyst estimates of $273.71 million. Manhattan Associates had a return on equity of 71.91% and a net margin of 19.68%.The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS.

Manhattan Associates declared that its board has approved a stock repurchase program on Thursday, March 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the software maker to buy up to 5.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Manhattan Associates News Summary

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

• Positive Sentiment: Q1 results beat revenue estimates and management raised FY‑2026 guidance (EPS $5.29–$5.37; revenue ~$1.147B–$1.157B), which signals stronger cloud/backlog momentum and underpins upside to consensus. Manhattan Associates Reports First Quarter Results
• Positive Sentiment: Management highlighted strong cloud growth and a healthy backlog on the earnings call — a core driver for recurring revenue and higher RPO targets cited by press coverage. Q1 2026 Earnings Call Highlights
• Neutral Sentiment: Operating cash flow improved and liquidity rose (cash up ~9.8%), while the company increased capex — mixed fundamentals that support growth but raise near-term spend. Quiver Quant Q1 2026 Earnings Summary
• Neutral Sentiment: Analysts are active: Robert W. Baird raised its target (to $186, outperform), while several firms (Citigroup, DA Davidson, Stifel) trimmed targets but maintained buy ratings — signaling conviction in the story amid differing valuation views. Benzinga Analyst Updates
• Negative Sentiment: Two shareholder‑rights firms (Rosen Law and Schall Law) announced investigations into potential fiduciary breaches by Manhattan’s directors/officers — this creates legal overhang and potential reputational/financial risk. Rosen Law Firm Investigation Schall Law Firm Investigation
• Negative Sentiment: Some third‑party summaries flag softer per‑share metrics and year‑over‑year net income weakness in certain calculations — these mixed per‑share results (and an insider sale noted in filings) are being highlighted by skeptics as reasons for caution. Quiver Quant Q1 2026 Earnings Summary

Analyst Ratings Changes

Several research analysts have commented on the company. DA Davidson cut their price target on Manhattan Associates from $240.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday. Morgan Stanley cut their price target on Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Monday, January 5th. Barclays cut their price target on Manhattan Associates from $237.00 to $236.00 and set an “overweight” rating on the stock in a research report on Monday, March 16th. Rothschild & Co Redburn set a $145.00 price target on Manhattan Associates in a research report on Thursday, April 16th. Finally, Truist Financial set a $240.00 price target on Manhattan Associates in a research report on Thursday, January 15th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $202.64.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of MANH. Norges Bank purchased a new position in shares of Manhattan Associates in the 4th quarter valued at approximately $124,264,000. T. Rowe Price Investment Management Inc. boosted its stake in shares of Manhattan Associates by 35.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,580,241 shares of the software maker’s stock valued at $447,182,000 after buying an additional 671,589 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Manhattan Associates by 22.7% in the third quarter. Alliancebernstein L.P. now owns 2,801,901 shares of the software maker’s stock valued at $574,334,000 after buying an additional 518,321 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Manhattan Associates by 88.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 667,728 shares of the software maker’s stock valued at $136,871,000 after buying an additional 314,112 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Manhattan Associates by 86.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 676,034 shares of the software maker’s stock valued at $138,573,000 after buying an additional 312,858 shares in the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Manhattan Associates Price Performance

The stock has a market capitalization of $8.46 billion, a PE ratio of 40.02 and a beta of 1.05. The stock has a 50 day moving average of $136.96 and a two-hundred day moving average of $162.09.

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.