Manhattan Associates, Inc. (MANH) Stock Analysis

Why this analysis is different

• A sector-relative MoonshotScore — five pillars (business quality, financial safety, valuation, growth durability, momentum) re-ranked nightly against the full universe of US-listed common stocks.
• An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
• Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.

Manhattan Associates, Inc. (MANH) Technology Profile & Competitive Position

Manhattan Associates, Inc. specializes in supply chain and omni-channel commerce solutions, offering software and services that optimize inventory, warehouse management, and transportation. Serving diverse industries globally, Manhattan Associates competes with companies like Dayforce Inc and Procore Technologies, Inc. in the application software market.

What Is the Investment Thesis for MANH?

With a P/E ratio of 58.24 and a healthy profit margin of 19.7%, the company demonstrates financial stability. Growth catalysts include the increasing demand for efficient supply chain management solutions and the expansion of omni-channel retail. The company's focus on innovation and its comprehensive suite of solutions position it well for continued growth. However, potential risks include increased competition and the impact of economic downturns on customer spending. Investors should monitor these factors to assess the long-term viability of Manhattan Associates.

Based on FMP financials and quantitative analysis

MANH Key Highlights

Market capitalization of $12.0B, reflecting investor confidence in the company's market position.

• Profit margin of 19.7%, indicating efficient operations and strong profitability.
• Gross margin of 55.6%, showcasing the company's ability to maintain pricing power and manage costs effectively.
• Beta of 1.05, suggesting the stock's volatility is similar to the overall market.
• Manhattan SCALE and Manhattan Active platforms drive revenue through comprehensive supply chain solutions.

Who Are MANH's Competitors?

MANH is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are MANH's Key Strengths?

Comprehensive suite of supply chain and omni-channel solutions.

• Strong market position and brand reputation.
• High customer retention rates.
• Experienced management team.

What Are MANH's Weaknesses?

Reliance on specific industries, such as retail.

• Exposure to economic cycles and customer spending patterns.
• Potential for disruption from emerging technologies.
• Limited geographic diversification compared to larger competitors.

What Could Drive MANH Stock Higher?

Continued adoption of Manhattan Active solutions by retailers.

• Launch of new AI-powered supply chain optimization features in Q3 2026.
• Expansion into new geographic markets, particularly in Asia Pacific.
• Potential strategic acquisitions to expand product portfolio in Q4 2026.

What Are the Key Risks for MANH?

Rich valuation — a P/E of 58.24 runs well above the Technology sector’s ~32.70x, leaving little room for a miss.

• Insider selling — insiders were net sellers of roughly $3.1M recently.
• Increased competition from established and emerging players.
• Rapid technological changes and evolving customer needs.
• Economic downturns and reduced customer spending.
• Cybersecurity threats and data breaches.
• Integration challenges related to future acquisitions.

What Are the Growth Opportunities for MANH?

• Expansion in the Asia Pacific region: The growing e-commerce market in Asia Pacific presents a significant growth opportunity for Manhattan Associates. By expanding its presence in this region, the company can tap into a large and rapidly growing market for supply chain and omni-channel solutions. This expansion could involve establishing new partnerships, opening new offices, and tailoring its solutions to meet the specific needs of Asian customers.
• Increased adoption of cloud-based solutions: The shift towards cloud-based solutions is accelerating, and Manhattan Associates is well-positioned to capitalize on this trend. By offering its solutions on the cloud, the company can attract new customers, reduce its operating costs, and improve its scalability. The cloud-based supply chain management market is expected to grow significantly in the next few years, driven by the benefits of increased flexibility, reduced IT costs, and improved collaboration.
• Development of advanced analytics and AI capabilities: Investing in advanced analytics and artificial intelligence (AI) can enhance Manhattan Associates' solutions and provide its customers with valuable insights. By incorporating AI into its products, the company can help its customers optimize their supply chains, improve their inventory management, and personalize their customer experiences. The market for AI-powered supply chain solutions is growing rapidly, driven by the increasing availability of data and the advancements in AI technology.
• Strategic acquisitions: Manhattan Associates can pursue strategic acquisitions to expand its product portfolio, enter new markets, and gain access to new technologies. By acquiring complementary businesses, the company can strengthen its competitive position and accelerate its growth. Potential acquisition targets could include companies specializing in areas such as transportation management, warehouse automation, and supply chain analytics. Successful acquisitions can create synergies and drive long-term value for shareholders.
• Focus on sustainability solutions: With increasing awareness of environmental issues, there is a growing demand for sustainable supply chain solutions. Manhattan Associates can develop and offer solutions that help its customers reduce their carbon footprint, optimize their resource consumption, and improve their overall sustainability performance. By positioning itself as a leader in sustainable supply chain management, the company can attract new customers and enhance its brand reputation. The market for sustainable supply chain solutions is expected to grow significantly as businesses prioritize environmental responsibility.

What Are MANH's Competitive Advantages?

• Specialized expertise in supply chain and omni-channel commerce.
• Long-standing relationships with key customers.
• Comprehensive suite of integrated solutions.
• Strong brand reputation in the industry.
• High switching costs for customers due to complex implementations.

What Does MANH Do?

Founded in 1990 and headquartered in Atlanta, Georgia, Manhattan Associates, Inc. has evolved into a leading provider of supply chain and omni-channel commerce solutions. The company develops, sells, deploys, services, and maintains software designed to manage supply chains, inventory, and omni-channel operations. Its flagship offerings include Manhattan SCALE, a portfolio of logistics execution solutions encompassing trading partner management, yard management, optimization, warehouse management, and transportation execution services. Manhattan Active, another key product, provides enterprise and store omni-channel solutions. Manhattan Associates also offers inventory optimization, planning, and allocation solutions, complemented by maintenance services such as customer support and software enhancements. Professional services, including solutions planning and implementation, and related consulting, are also integral to their business model. The company further resells computer hardware, radio frequency terminal networks, radio frequency identification chip readers, bar code printers and scanners, and other peripherals. Manhattan Associates serves a diverse range of industries, including grocery, food and beverage, manufacturing, medical and pharmaceutical, retail, third-party logistics, and wholesale. The company operates across the Americas, Europe, the Middle East, Africa, and the Asia Pacific, delivering solutions through direct sales personnel and strategic partnerships.

What Products and Services Does MANH Offer?

• Develops and sells software solutions for supply chain management.
• Provides solutions for inventory optimization and planning.
• Offers omni-channel commerce solutions for retailers.
• Delivers warehouse management systems (WMS).
• Provides transportation management systems (TMS).
• Offers professional services, including implementation and consulting.
• Resells computer hardware and related peripherals.

How Does MANH Make Money?

• Software license fees for on-premise deployments.
• Subscription fees for cloud-based solutions.
• Professional services revenue from implementation and consulting.
• Maintenance and support fees for ongoing software maintenance.
• Reselling hardware and peripherals.

What Industry Does MANH Operate In?

Manhattan Associates operates in the application software industry, which is experiencing growth driven by the increasing complexity of supply chains and the rise of omni-channel retail. The market is competitive, with players like Dayforce Inc and Procore Technologies, Inc. vying for market share. Manhattan Associates differentiates itself through its comprehensive suite of solutions and its focus on specific industries, such as retail and logistics. The industry is expected to continue growing as businesses seek to optimize their operations and enhance customer experiences.

Who Are MANH's Key Customers?

• Grocery and food and beverage companies.
• Manufacturing businesses.
• Medical and pharmaceutical companies.
• Retailers with omni-channel operations.
• Third-party logistics providers.

Over the past six months, Manhattan Associates, Inc. insiders filed 14 SEC Form 4 transactions — 6 sales and 8 purchases. On net that is roughly 445 shares disposed (about $3.1M), a signal worth weighing alongside the fundamentals.

Manhattan Associates, Inc. has beaten Wall Street's EPS estimate in 8 of its last 8 reported quarters — a consistent record of delivering on expectations. Reported results have landed about 13.8% above estimates on average.

Manhattan Associates, Inc.'s Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 16.61 places it in the safe zone, indicating low near-term bankruptcy risk.

Return on equity for Manhattan Associates, Inc. stands at 85.2%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 30.1%, showing how much profit it generates from its asset base. MANH trades at a trailing price-to-earnings ratio of 58.24, above the Technology sector average of ~32.70x. Its free cash flow yield is 3.5%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.98 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 1.8%, the inverse of the P/E and a quick read on earnings relative to price.

Manhattan Associates, Inc. (MANH) Valuation Context

Valued at $12.0B, MANH is classified as a large-cap stock. Analyst price targets span from $145.00 to $260.00, with a consensus of $210.57. At the current price of $205.02, that implies approximately 3% upside potential. Relative to its peer group, MANH's quantitative score of 92/100 is above the peer average of 75/100.

MANH Revenue & Earnings Trend

In Q2 FY2026, MANH generated $297.8M in top-line revenue, marking a sequential increase of 5.5%. The company recorded net income of $50.4M, with diluted EPS of $0.85. Revenue has increased across the last three reported quarters, suggesting sustained momentum for this large-cap Technology company. Across the four most recent quarters, MANH averaged $0.87 in diluted EPS.

Company Profile

Manhattan Associates, Inc. operates in the Software - Application industry within the Technology sector. It is headquartered in Atlanta, US. The company is led by CEO Eric A. Clark. MANH has traded publicly since 1998.

MANH Financials

MANH Latest News

MANH Analyst Consensus

MANH MoonshotScore

Common Questions About MANH (Technology)

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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