Manhattan Associates (NASDAQ:MANH) Shares Gap Up on Better-Than-Expected Earnings

Manhattan Associates, Inc. (NASDAQ:MANH)’s share price 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 changing hands.

The software maker reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 78.80% and a net margin of 20.25%.The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.17 earnings per share. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS.

Manhattan Associates News Roundup

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

• Positive Sentiment: Q4 results beat expectations: MANH reported $1.21 EPS vs $1.11 consensus and revenue of $270.4M vs $264.7M, with revenue +5.7% year-over-year and strong margins. The company also issued FY2026 EPS guidance of $5.04–$5.20, above Street estimates — a clear operational beat and higher forward profit guide. Manhattan Associates Reports Fourth Quarter Results
• Positive Sentiment: Analyst affirmation: William Blair maintained a Buy rating, citing robust subscription growth, a conservative 2026 outlook (leaving upside), and potential benefits from the company’s AI initiatives — supportive for medium-term investor thesis. Manhattan Associates: Robust Subscription Growth…
• Neutral Sentiment: Earnings call details available — management commentary and the full Q4 transcript provide more color on cloud/subscription trends and AI rollouts; useful for confirming whether guidance cadence or product commentary matched investor expectations. Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Market write-ups and post-earnings analysis discuss valuation after strong cloud growth and the company’s new AI agent — these pieces help investors assess whether current multiples (MANH trades at a high P/E) still justify the growth outlook. Assessing Manhattan Associates Valuation…
• Negative Sentiment: Short interest jumped in January: shorted shares rose ~23% to ~2.29M (≈3.8% of float) with a short-interest ratio ~3.8 days — an increase that can add downward pressure or volatility, and may explain the stock declining despite the beat. (Source: short-interest report)
• Negative Sentiment: Technical and intraday context: the shares are trading below the 50- and 200-day moving averages and volume was below the recent average on the move, which can amplify bearish sentiment among momentum traders. (Market data summary)

Analysts Set New Price Targets

Several research firms have recently weighed in on MANH. Stifel Nicolaus decreased their target price on Manhattan Associates from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, January 23rd. Barclays cut their price target on shares of Manhattan Associates from $239.00 to $237.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Manhattan Associates in a report on Thursday, January 22nd. DA Davidson set a $250.00 target price on shares of Manhattan Associates in a research note on Wednesday, October 22nd. Finally, Citigroup raised shares of Manhattan Associates from a “neutral” rating to a “buy” rating and raised their target price for the stock from $200.00 to $208.00 in a research report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Manhattan Associates currently has an average rating of “Moderate Buy” and an average price target of $219.58.

Hedge Funds Weigh In On Manhattan Associates

Several institutional investors have recently bought and sold shares of MANH. Midwest Professional Planners LTD. lifted its stake in Manhattan Associates by 1.9% in the 2nd quarter. Midwest Professional Planners LTD. now owns 2,850 shares of the software maker’s stock valued at $563,000 after buying an additional 53 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Manhattan Associates by 3.3% in the second quarter. NewEdge Advisors LLC now owns 1,852 shares of the software maker’s stock worth $366,000 after acquiring an additional 59 shares during the last quarter. Archer Investment Corp lifted its position in shares of Manhattan Associates by 8.6% in the third quarter. Archer Investment Corp now owns 787 shares of the software maker’s stock valued at $161,000 after acquiring an additional 62 shares in the last quarter. Quent Capital LLC boosted its stake in shares of Manhattan Associates by 3.5% during the second quarter. Quent Capital LLC now owns 1,947 shares of the software maker’s stock valued at $384,000 after acquiring an additional 65 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its position in Manhattan Associates by 0.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 14,363 shares of the software maker’s stock worth $2,944,000 after purchasing an additional 67 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Manhattan Associates Trading Down 4.6%

The stock has a market cap of $9.76 billion, a price-to-earnings ratio of 46.25 and a beta of 1.02. The firm’s 50 day moving average is $173.85 and its two-hundred day moving average is $193.44.

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.