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

Manhattan Associates, Inc. (NASDAQ:MANH)’s share price gapped up prior to trading on Wednesday after the company announced better than expected quarterly earnings. 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 changing hands.

The software maker reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.14. Manhattan Associates had a net margin of 20.34% and a return on equity of 75.61%. The firm had revenue of $282.22 million for the quarter, compared to the consensus estimate of $273.71 million. During the same period in the previous year, the firm posted $1.19 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS.

Manhattan Associates announced that its Board of Directors has initiated a stock buyback program on Thursday, March 5th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the software maker to purchase up to 5.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

Manhattan Associates News Summary

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

• Positive Sentiment: Raised FY26 guidance: management bumped FY26 EPS to $5.29–$5.37 and revenue to $1.147B–$1.157B, and set RPO targets of $2.62B–$2.68B — a materially higher EPS outlook than Street consensus, which supports multiple re-rating and explains bullish reactions. Manhattan Associates raises 2026 outlook to $1.147B-$1.157B revenue and $5.29-$5.37 EPS as RPO targets $2.62B-$2.68B
• Positive Sentiment: Q1 results: revenue $282.2M (up 7.4% YoY) and EPS $1.24 beat consensus — the top-line beat and recurring-revenue strength underpin confidence in cloud subscription momentum. Manhattan Associates Inc (MANH) Q1 2026 Earnings Call Highlights: Strong Cloud Growth and …
• Positive Sentiment: Management commentary and headlines point to a stronger backlog and cloud demand, which the market rewarded; several outlets noted the stock jumped on the guidance/backlog signal. Manhattan Associates jumps 9% after lifting FY26 guidance, signals strong backlog
• Positive Sentiment: Cash flow and liquidity trends look constructive: operating cash flow improved and cash balances rose year-over-year, supporting investment and stability while growth scales. Manhattan Associates (MANH) Releases Q1 2026 Earnings: Revenue Beats but EPS Miss; Net Income Down, Cash Flow Up
• Neutral Sentiment: Analyst note: Stifel trimmed its price target from $225 to $200 but kept a Buy — reduces upside expectation but retains conviction; watch for further analyst reactions. Benzinga
• Neutral Sentiment: Mixed/per‑line-item results: while revenue and guidance surprised positively, some third‑party summaries flagged lower net income year-over-year and higher costs — monitor margin trajectory as cloud mix scales. Manhattan Associates (MANH) Releases Q1 2026 Earnings: Revenue Beats but EPS Miss; Net Income Down, Cash Flow Up
• Negative Sentiment: Insider activity and institutional positioning: recent disclosure shows a small insider sale and large, mixed institutional rebalancing in prior quarters — could temper sentiment if selling continues. Manhattan Associates (MANH) Releases Q1 2026 Earnings: Revenue Beats but EPS Miss; Net Income Down, Cash Flow Up

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MANH. Barclays cut their price target on Manhattan Associates from $237.00 to $236.00 and set an “overweight” rating for the company in a research note on Monday, March 16th. William Blair restated an “outperform” rating on shares of Manhattan Associates in a report on Thursday, March 5th. Citigroup raised shares of Manhattan Associates from a “neutral” rating to a “buy” rating and raised their price objective for the company from $200.00 to $208.00 in a research report on Thursday, January 15th. Morgan Stanley reduced their target price on shares of Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating for the company in a research note on Monday, January 5th. Finally, Robert W. Baird increased their price target on shares of Manhattan Associates from $183.00 to $186.00 and gave the stock an “outperform” rating in a research note on Wednesday. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $205.45.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Manhattan Associates by 72.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,245 shares of the software maker’s stock valued at $2,124,000 after purchasing an additional 5,128 shares during the period. Goldman Sachs Group Inc. increased its position in Manhattan Associates by 9.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker’s stock worth $86,532,000 after buying an additional 41,571 shares during the period. Empowered Funds LLC acquired a new position in shares of Manhattan Associates during the first quarter worth approximately $987,000. Focus Partners Wealth lifted its holdings in shares of Manhattan Associates by 181.4% during the first quarter. Focus Partners Wealth now owns 2,400 shares of the software maker’s stock worth $415,000 after buying an additional 1,547 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in shares of Manhattan Associates in the second quarter valued at approximately $446,000. 98.45% of the stock is owned by institutional investors.

Manhattan Associates Stock Up 6.5%

The firm has a 50-day moving average price of $136.96 and a two-hundred day moving average price of $162.23. The company has a market capitalization of $8.51 billion, a P/E ratio of 39.89 and a beta of 1.05.

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.