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

Manhattan Associates, Inc. (NASDAQ:MANH) shares gapped up prior to trading on Wednesday following a stronger than expected earnings report. The stock had previously closed at $169.73, but opened at $179.27. Manhattan Associates shares last traded at $162.7960, with a volume of 392,530 shares trading hands.

The software maker reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.10. The business had revenue of $270.39 million during the quarter, compared to analyst estimates of $264.69 million. Manhattan Associates had a net margin of 20.34% and a return on equity of 75.61%. Manhattan Associates’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.17 EPS. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS.

More Manhattan Associates News

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

• Positive Sentiment: Q4 results beat and management raised FY‑2026 guidance — Q4 revenue and EPS topped estimates and the company set FY2026 EPS guidance of $5.04–$5.20, which is above consensus; that drove earlier buying. Manhattan Associates shares rise as Q4 results beat, guidance strong
• Positive Sentiment: Management is pushing cloud and AI revenue expansion — the firm is targeting ~21% cloud revenue growth and $2.6B–$2.68B RPO for 2026 as services and AI ramp, supporting longer‑term subscription and services upside. Manhattan Associates targets 21% cloud revenue growth and $2.6B–$2.68B RPO
• Positive Sentiment: Analysts and research commentary remain constructive — firms like William Blair have reiterated buy ratings, highlighting robust subscription growth and AI upside as supportive of the bull case. Manhattan Associates: Robust Subscription Growth… continued Buy Rating
• Neutral Sentiment: DA Davidson trimmed its price target from $250 to $240 but kept a Buy rating — a slight moderation in upside expectations, not a change to the bullish stance. Benzinga (DA Davidson PT change)
• Neutral Sentiment: Earnings‑call detail and transcripts are available for deeper inspection of margins, services mix and AI commentary — useful for investors assessing whether growth and profitability trends are sustainable. Manhattan Associates Q4 Earnings Call Highlights
• Neutral Sentiment: Coverage and trade‑flow writeups (news roundups) show the stock among recent movers — helpful context but not decisive by itself. Stocks making big moves yesterday
• Negative Sentiment: Short interest jumped ~23% in January (to ~2.29M shares) — higher short activity raises the risk of downward pressure and adds volatility. Manhattan Associates: Q4 Earnings Snapshot (short interest note)
• Negative Sentiment: Headline coverage says shares are sliding today — outlets point to post‑earnings profit‑taking, valuation concerns (MANH trades at a premium P/E) and the factors above as causes of the pullback. Why Manhattan Associates (MANH) Shares Are Sliding Today

Analysts Set New Price Targets

MANH has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Manhattan Associates in a research report on Thursday, January 22nd. DA Davidson decreased their price target on shares of Manhattan Associates from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Wednesday. Raymond James Financial dropped their price objective on Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating for the company in a research note on Wednesday, October 22nd. Truist Financial set a $240.00 price target on Manhattan Associates in a research report on Thursday, January 15th. Finally, Stifel Nicolaus lowered their target price on shares of Manhattan Associates from $240.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.75.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MANH. Whipplewood Advisors LLC lifted its position in Manhattan Associates by 907.7% during the second quarter. Whipplewood Advisors LLC now owns 131 shares of the software maker’s stock valued at $26,000 after buying an additional 118 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in Manhattan Associates by 448.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock worth $28,000 after purchasing an additional 112 shares during the period. Eastern Bank bought a new position in shares of Manhattan Associates during the third quarter valued at approximately $30,000. Eagle Bay Advisors LLC bought a new position in Manhattan Associates during the 4th quarter valued at approximately $27,000. Finally, V Square Quantitative Management LLC bought a new position in shares of Manhattan Associates during the fourth quarter valued at $44,000. Institutional investors own 98.45% of the company’s stock.

Manhattan Associates Stock Down 3.3%

The firm has a fifty day moving average price of $173.39 and a two-hundred day moving average price of $192.95. The stock has a market capitalization of $9.39 billion, a P/E ratio of 43.27 and a beta of 1.02.

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.