Manhattan Associates (NASDAQ:MANH) Updates FY 2026 Earnings Guidance

Manhattan Associates (NASDAQ:MANH) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 5.290-5.370 for the period, compared to the consensus earnings per share estimate of 5.040. The company issued revenue guidance of $1.1 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion.

Analysts Set New Price Targets

A number of research firms recently commented on MANH. William Blair reiterated an “outperform” rating on shares of Manhattan Associates in a research note on Thursday, March 5th. Wall Street Zen lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Stifel Nicolaus set a $200.00 price target on shares of Manhattan Associates in a report on Wednesday, May 20th. Citigroup lowered their price objective on shares of Manhattan Associates from $208.00 to $177.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Finally, Barclays dropped their price objective on shares of Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Eight equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $199.45.

Manhattan Associates Price Performance

MANH stock opened at $146.54 on Wednesday. The company has a market capitalization of $8.67 billion, a P/E ratio of 41.05 and a beta of 0.97. Manhattan Associates has a 12 month low of $119.06 and a 12 month high of $247.22. The firm’s fifty day simple moving average is $137.79 and its 200-day simple moving average is $151.42.

Manhattan Associates (NASDAQ:MANH) last issued its earnings results on Tuesday, April 21st. The software maker reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.14. The firm had revenue of $282.22 million during the quarter, compared to analysts’ expectations of $273.71 million. Manhattan Associates had a net margin of 19.68% and a return on equity of 78.13%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.19 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. As a group, sell-side analysts forecast that Manhattan Associates will post 3.68 earnings per share for the current year.

Manhattan Associates declared that its board has authorized a share buyback plan on Thursday, March 5th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the software maker to buy up to 5.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Insider Activity

In other news, EVP James Stewart Gantt sold 7,300 shares of the company’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $139.25, for a total value of $1,016,525.00. Following the sale, the executive vice president owned 60,815 shares in the company, valued at $8,468,488.75. This represents a 10.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.84% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Manhattan Associates

Several hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of 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 worth $2,124,000 after purchasing an additional 5,128 shares during the period. Goldman Sachs Group Inc. increased its holdings in Manhattan Associates by 9.1% in the first quarter. Goldman Sachs Group Inc. now owns 500,068 shares of the software maker’s stock valued at $86,532,000 after buying an additional 41,571 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Manhattan Associates in the first quarter worth about $987,000. Focus Partners Wealth raised its position in shares of Manhattan Associates by 181.4% in the first quarter. Focus Partners Wealth now owns 2,400 shares of the software maker’s stock worth $415,000 after acquiring an additional 1,547 shares during the period. Finally, Sivia Capital Partners LLC purchased a new stake in shares of Manhattan Associates during the 2nd quarter worth about $446,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

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.