Manhattan Associates (NASDAQ:MANH) Announces Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Manhattan Associates (NASDAQ:MANH) posted its earnings results on Tuesday. The software maker reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.14, FiscalAI reports. The company had revenue of $282.22 million during the quarter, compared to analysts’ expectations of $273.71 million. Manhattan Associates had a net margin of 20.34% and a return on equity of 75.61%. Manhattan Associates’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the company posted $1.19 earnings per share. Manhattan Associates updated its FY 2026 guidance to 5.290-5.370 EPS.

Here are the key takeaways from Manhattan Associates’ conference call:

• Manhattan reported a strong Q1 with $282M revenue (+7%), cloud revenue +24% to $117M, and RPO up 24% to $2.35B, driven by healthy deal volume, >70% win rates and >55% of new cloud bookings from net new logos.
• The new Active Agent AI offering showed early commercial traction with dozens of pilots and paying customers across industries and measurable operational wins (examples include a 5% improvement in order cycle times and up to 75% reduction in exceptions), with monetization via paid 90‑day pilots and expected larger contribution in 2027.
• Management raised full‑year guidance — revenue range of $1.147B–$1.157B (midpoint ~11% ex-license growth), cloud revenue midpoint to $495M, adjusted EPS to $5.29–$5.37 — and returned capital with $150M of buybacks in Q1 and $350M remaining authorization.
• Management flagged risks and one‑offs that temper sustainability, including macro and FX volatility (Q1 FX tailwind), some nonrecurring cloud overage fees boosting results, ongoing license/maintenance attrition to cloud (100bp margin headwind) and the early-stage nature of AI monetization so near-term contribution is being modeled conservatively.

Manhattan Associates Stock Up 0.8%

Shares of NASDAQ:MANH opened at $134.89 on Wednesday. Manhattan Associates has a 52 week low of $119.06 and a 52 week high of $247.22. The stock has a market capitalization of $7.99 billion, a P/E ratio of 37.47 and a beta of 1.05. The firm has a fifty day simple moving average of $136.96 and a two-hundred day simple moving average of $162.23.

Analyst Ratings Changes

Several equities analysts recently weighed in on MANH shares. Citigroup raised shares of Manhattan Associates from a “neutral” rating to a “buy” rating and raised their target price for the company from $200.00 to $208.00 in a research note on Thursday, January 15th. DA Davidson cut their target price on shares of Manhattan Associates from $240.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday. Wall Street Zen raised shares of Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. William Blair reaffirmed an “outperform” rating on shares of Manhattan Associates in a research note on Thursday, March 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Manhattan Associates in a research note on Thursday, January 22nd. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Manhattan Associates currently has an average rating of “Moderate Buy” and an average target price of $211.73.

Hedge Funds Weigh In On Manhattan Associates

A number of institutional investors and hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC grew its stake in shares of Manhattan Associates by 3.3% in the 2nd quarter. NewEdge Advisors LLC now owns 1,852 shares of the software maker’s stock worth $366,000 after buying an additional 59 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Manhattan Associates by 2.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,708 shares of the software maker’s stock worth $555,000 after buying an additional 69 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of Manhattan Associates by 1.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 6,369 shares of the software maker’s stock worth $1,104,000 after buying an additional 80 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Manhattan Associates by 7.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,365 shares of the software maker’s stock worth $269,000 after buying an additional 94 shares in the last quarter. Finally, Lido Advisors LLC grew its stake in shares of Manhattan Associates by 8.5% in the 4th quarter. Lido Advisors LLC now owns 1,332 shares of the software maker’s stock worth $231,000 after buying an additional 104 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Manhattan Associates News Roundup

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

• Positive Sentiment: Q1 results beat expectations — revenue of $282.2M (+7.4% YoY) and reported EPS of $1.24 topped Street estimates, showing continued top‑line growth. Read More.
• Positive Sentiment: Management raised FY‑2026 guidance: EPS $5.29–$5.37 and revenue $1.147B–$1.157B (and higher RPO targets), implying stronger recurring revenue visibility versus prior consensus. Read More.
• Positive Sentiment: Operating cash flow and liquidity improved (operating cash flow up ~11.7%, cash balance up ~9.8%), supporting reinvestment in cloud/PRODUCT development. Read More.
• Neutral Sentiment: Analyst/earnings transcripts and call color focus on whether cloud conversion and subscription momentum can sustain growth; investors will watch backlog/RPO cadence and customer migration timelines. Read More.
• Neutral Sentiment: Industry narrative (unified commerce) supports long‑term TAM expansion for Manhattan’s products, but benefits accrue over multiple quarters as customers migrate. Read More.
• Negative Sentiment: Some GAAP metrics disappointed: one third‑party summary shows diluted GAAP EPS and net income down YoY, and higher liabilities/capex — creating near‑term noise for investors reconciling non‑GAAP vs GAAP numbers. Insider selling was also reported. Read More.
• Negative Sentiment: Technically, the stock remains below its 200‑day moving average, which can limit upside until guidance/outlook is confirmed by several quarters of cloud subscription growth. Read More.

Manhattan Associates declared that its Board of Directors has approved a share repurchase program on Thursday, March 5th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the software maker to repurchase up to 5.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

About Manhattan Associates

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.