Symbols / MANH Stock $142.88 +5.92% Manhattan Associates, Inc.

Technology • Software - Application • United States • NMS
MANH (Stock) Chart
O: — H: — L: — C: — V: —
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About

Manhattan Associates, Inc. develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers warehouse management solution for managing goods and information across the distribution centers; Manhattan Active Warehouse Management, a cloud native and version less application for the associate; and transportation management solution for helping shippers navigate their way through the demands and meet customer service expectations at the lowest possible freight costs; Manhattan SCALE, a portfolio of logistics execution solution; and Manhattan Active Omni, which offers order management, store inventory and fulfillment, call center, POS, and customer engagement tools for enterprises and stores. The company also provides demand forecasting and replenishment, allocation, and unified business planning; technology platform including Manhattan Active Platform solutions, a cloud-native product designed to provide version-less product access; maintenance services, which offers on-premises software licensees with software upgrades for additional or improved functionality and technological advances; and professional services, such as solutions planning and implementation, and related consulting services. In addition, it provides training and change management services; and resells computer hardware, radio frequency terminal networks, radio frequency identification chip readers, bar code printers and scanners, and other peripherals. The company offers products through direct sales personnel and partnership agreements with various organizations. It serves retail, consumer goods, food and grocery, logistics service providers, industrial and wholesale, high technology and electronics, life sciences, and government industries. The company operates in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Manhattan Associates, Inc. was founded in 1990 and is headquartered in Atlanta, Georgia.

Stock Fundamentals
Scroll to Statements
Market Cap 8.55B Enterprise Value 8.28B Income 216.66M Sales 1.10B Book/sh 5.26 Cash/sh 3.82
Dividend Yield — Payout 0.00% Employees 4370 IPO — P/E 40.02 Forward P/E 24.06
PEG — P/S 7.77 P/B 27.16 P/C — EV/EBITDA 28.74 EV/Sales 7.52
Quick Ratio 0.97 Current Ratio 1.10 Debt/Eq 27.14 LT Debt/Eq — EPS (ttm) 3.57 EPS next Y 5.94
EPS Growth -3.50% Revenue Growth 7.40% Earnings 2026-07-21 ROA 24.29% ROE 96.24% ROIC —
Gross Margin 55.99% Oper. Margin 23.01% Profit Margin 19.68% Shs Outstand 59.16M Shs Float 58.47M Short Float 5.85%
Short Ratio 4.55 Short Interest — 52W High 247.22 52W Low 119.06 Beta 1.05 Avg Volume 838.62K
Volume 1.48M Target Price $202.00 Recom Buy Prev Close $134.89 Price $142.88 Change 5.92%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$202.00
Mean price target
2. Current target
$142.88
Latest analyst target
3. DCF / Fair value
$89.76
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$142.88
Low
$145.00
High
$240.00
Mean
$202.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-22 main Citigroup Buy → Buy $177
2026-04-22 main Baird Outperform → Outperform $186
2026-04-22 main Stifel Buy → Buy $200
2026-04-22 main DA Davidson Buy → Buy $200
2026-03-16 main Barclays Overweight → Overweight $236
2026-01-28 main DA Davidson Buy → Buy $240
2026-01-23 main Stifel Buy → Buy $225
2026-01-15 up Citigroup Neutral → Buy $208
2026-01-12 main Barclays Overweight → Overweight $237
2026-01-05 main Morgan Stanley Equal-Weight → Equal-Weight $165
2026-01-05 main Truist Securities Buy → Buy $240
2025-12-23 main Citigroup Neutral → Neutral $200
2025-11-13 main Barclays Overweight → Overweight $239
2025-10-22 up Morgan Stanley Underweight → Equal-Weight $200
2025-10-22 main Barclays Overweight → Overweight $244
2025-10-22 main Raymond James Outperform → Outperform $240
2025-10-22 main Stifel Buy → Buy $240
2025-10-14 main Morgan Stanley Underweight → Underweight $195
2025-10-08 init Stifel — → Buy $250
2025-10-08 init Barclays — → Overweight $247
News
RSS: Latest MANH news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-01 PINNE LINDA C Chief Financial Officer — 5,323 $0.00 $0
2026-02-04 PINNE LINDA C Officer — 2,050 $0.00 $0
2026-02-04 GANTT JAMES STEWART Officer — 13,668 $0.00 $0
2026-02-04 CLARK ERIC ANDREW Chief Executive Officer — 34,169 $0.00 $0
2026-02-04 STORY DENNIS B Chief Financial Officer — 13,668 $0.00 $0
2026-02-04 RICHARDS BRUCE S Officer — 3,417 $0.00 $0
2026-02-04 HOWELL ROBERT G Officer — 13,668 $0.00 $0
2026-01-22 PINNE LINDA C Officer — 1,015 $0.00 $0
2026-01-22 GANTT JAMES STEWART Officer — 13,162 $0.00 $0
2026-01-22 CLARK ERIC ANDREW Chief Executive Officer — 16,214 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
1,081.39
+3.75%
1,042.35
+12.23%
928.73
+21.07%
767.08
Operating Revenue
1,081.39
+3.75%
1,042.35
+12.23%
928.73
+21.07%
767.08
Cost Of Revenue
472.34
+0.29%
470.98
+9.37%
430.61
+20.20%
358.24
Reconciled Cost Of Revenue
472.34
+0.29%
470.98
+9.37%
430.61
+20.20%
358.24
Gross Profit
609.05
+6.59%
571.37
+14.71%
498.11
+21.83%
408.85
Operating Expense
326.32
+5.34%
309.78
+7.48%
288.23
+12.53%
256.15
Research And Development
145.06
+5.35%
137.69
+8.58%
126.81
+13.35%
111.88
Selling General And Administration
174.94
+5.52%
165.79
+6.50%
155.66
+13.12%
137.61
Selling And Marketing Expense
81.17
+6.84%
75.98
+1.99%
74.49
+15.42%
64.54
General And Administrative Expense
93.76
+4.40%
89.81
+10.64%
81.17
+11.09%
73.07
Other Gand A
93.76
+4.40%
89.81
+10.64%
81.17
+11.09%
73.07
Total Expenses
798.65
+2.29%
780.76
+8.61%
718.84
+17.00%
614.38
Operating Income
282.74
+8.08%
261.60
+24.64%
209.88
+37.45%
152.70
Total Operating Income As Reported
279.80
+6.96%
261.60
+24.64%
209.88
+37.45%
152.70
EBITDA
289.05
+7.90%
267.90
+24.24%
215.63
+35.31%
159.36
Normalized EBITDA
291.99
+8.99%
267.90
+24.24%
215.63
+35.31%
159.36
Reconciled Depreciation
6.32
+0.25%
6.30
+9.54%
5.75
-13.67%
6.66
EBIT
282.74
+8.08%
261.60
+24.64%
209.88
+37.45%
152.70
Total Unusual Items
-2.94
0.00
0.00
—
Total Unusual Items Excluding Goodwill
-2.94
0.00
0.00
—
Special Income Charges
-2.94
0.00
0.00
—
Restructuring And Mergern Acquisition
2.94
0.00
0.00
—
Net Income
219.95
+0.73%
218.36
+23.67%
176.57
+36.92%
128.96
Pretax Income
285.89
+7.15%
266.81
+24.87%
213.67
+35.13%
158.12
Net Non Operating Interest Income Expense
4.39
-27.20%
6.03
+13.67%
5.30
+789.93%
0.60
Net Interest Income
4.39
-27.20%
6.03
+13.67%
5.30
+789.93%
0.60
Interest Income Non Operating
4.39
-27.20%
6.03
+13.67%
5.30
+789.93%
0.60
Interest Income
4.39
-27.20%
6.03
+13.67%
5.30
+789.93%
0.60
Other Income Expense
-1.23
-51.91%
-0.81
+46.43%
-1.51
-131.38%
4.83
Other Non Operating Income Expenses
1.71
+310.23%
-0.81
+46.43%
-1.51
-131.38%
4.83
Tax Provision
65.95
+36.11%
48.45
+30.58%
37.10
+27.23%
29.16
Tax Rate For Calcs
0.00
+26.92%
0.00
+4.60%
0.00
-5.43%
0.00
Tax Effect Of Unusual Items
-0.68
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
219.95
+0.73%
218.36
+23.67%
176.57
+36.92%
128.96
Net Income From Continuing Operation Net Minority Interest
219.95
+0.73%
218.36
+23.67%
176.57
+36.92%
128.96
Net Income From Continuing And Discontinued Operation
219.95
+0.73%
218.36
+23.67%
176.57
+36.92%
128.96
Net Income Continuous Operations
219.95
+0.73%
218.36
+23.67%
176.57
+36.92%
128.96
Normalized Income
222.21
+1.76%
218.36
+23.67%
176.57
+36.92%
128.96
Net Income Common Stockholders
219.95
+0.73%
218.36
+23.67%
176.57
+36.92%
128.96
Diluted EPS
3.60
+2.56%
3.51
+24.47%
2.82
+38.92%
2.03
Basic EPS
3.64
+2.25%
3.56
+24.48%
2.86
+39.51%
2.05
Basic Average Shares
60.47
-1.35%
61.30
-0.83%
61.82
-1.52%
62.77
Diluted Average Shares
61.05
-1.82%
62.18
-0.68%
62.61
-1.26%
63.41
Diluted NI Availto Com Stockholders
219.95
+0.73%
218.36
+23.67%
176.57
+36.92%
128.96
Depreciation Amortization Depletion Income Statement
6.32
+0.25%
6.30
+9.54%
5.75
-13.67%
6.66
Depreciation And Amortization In Income Statement
6.32
+0.25%
6.30
+9.54%
5.75
-13.67%
6.66
Line Item Trend 2023-12-31
Total Assets
673.35
Current Assets
479.19
Cash Cash Equivalents And Short Term Investments
270.74
Cash And Cash Equivalents
270.74
Receivables
182.54
Accounts Receivable
181.17
Gross Accounts Receivable
—
Allowance For Doubtful Accounts Receivable
—
Taxes Receivable
1.37
Prepaid Assets
20.71
Other Current Assets
5.20
Total Non Current Assets
194.16
Net PPE
33.44
Gross PPE
90.57
Accumulated Depreciation
-57.13
Properties
0.00
Machinery Furniture Equipment
45.08
Other Properties
21.64
Leases
23.85
Goodwill And Other Intangible Assets
62.23
Goodwill
62.23
Non Current Deferred Assets
66.04
Non Current Deferred Taxes Assets
66.04
Other Non Current Assets
32.45
Total Liabilities Net Minority Interest
395.07
Current Liabilities
365.92
Payables And Accrued Expenses
54.91
Payables
27.54
Accounts Payable
24.51
Current Accrued Expenses
27.37
Pensionand Other Post Retirement Benefit Plans Current
73.21
Total Tax Payable
3.03
Income Tax Payable
3.03
Current Deferred Liabilities
237.79
Current Deferred Revenue
237.79
Total Non Current Liabilities Net Minority Interest
29.16
Long Term Debt And Capital Lease Obligation
17.69
Long Term Capital Lease Obligation
17.69
Other Non Current Liabilities
11.47
Stockholders Equity
278.28
Common Stock Equity
278.28
Capital Stock
0.61
Common Stock
0.61
Preferred Stock
0.00
Share Issued
61.57
Ordinary Shares Number
61.57
Treasury Shares Number
0.00
Additional Paid In Capital
0.00
Retained Earnings
304.70
Gains Losses Not Affecting Retained Earnings
-27.04
Other Equity Adjustments
-27.04
Total Equity Gross Minority Interest
278.28
Total Capitalization
278.28
Working Capital
113.28
Invested Capital
278.28
Total Debt
17.69
Capital Lease Obligations
17.69
Net Tangible Assets
216.04
Tangible Book Value
216.04
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
389.47
+32.02%
295.00
+19.81%
246.22
+37.07%
179.63
Cash Flow From Continuing Operating Activities
389.47
+32.02%
295.00
+19.81%
246.22
+37.07%
179.63
Net Income From Continuing Operations
219.95
+0.73%
218.36
+23.67%
176.57
+36.92%
128.96
Depreciation Amortization Depletion
6.32
+0.25%
6.30
+9.54%
5.75
-13.67%
6.66
Depreciation And Amortization
6.32
+0.25%
6.30
+9.54%
5.75
-13.67%
6.66
Stock Based Compensation
111.26
+19.37%
93.21
+30.23%
71.57
+20.57%
59.36
Deferred Tax
18.34
+163.93%
-28.69
+0.54%
-28.84
+2.92%
-29.71
Deferred Income Tax
18.34
+163.93%
-28.69
+0.54%
-28.84
+2.92%
-29.71
Operating Gains Losses
-0.27
+46.59%
-0.51
-138.37%
1.34
+183.35%
-1.60
Net Foreign Currency Exchange Gain Loss
-0.25
+33.42%
-0.38
-129.69%
1.28
+184.49%
-1.51
Gain Loss On Sale Of PPE
-0.02
+84.21%
-0.13
-333.33%
0.06
+164.04%
-0.09
Change In Working Capital
33.87
+434.80%
6.33
-68.06%
19.83
+24.26%
15.96
Change In Receivables
-3.58
+86.58%
-26.70
-104.08%
-13.08
+70.30%
-44.06
Changes In Account Receivables
-3.58
+86.58%
-26.70
-104.08%
-13.08
+70.30%
-44.06
Change In Payables And Accrued Expense
0.09
+101.80%
-4.99
-129.89%
16.71
+33.03%
12.56
Change In Payable
0.09
+101.80%
-4.99
-129.89%
16.71
+33.03%
12.56
Change In Account Payable
-0.23
-118.35%
1.25
-93.11%
18.12
+53.66%
11.79
Change In Other Working Capital
52.10
+23.49%
42.19
+55.47%
27.14
-52.98%
57.71
Change In Other Current Assets
-14.73
-254.32%
-4.16
+61.95%
-10.93
-6.62%
-10.25
Investing Cash Flow
-15.46
-78.18%
-8.68
-83.40%
-4.73
+28.19%
-6.59
Cash Flow From Continuing Investing Activities
-15.46
-78.18%
-8.68
-83.40%
-4.73
+28.19%
-6.59
Net PPE Purchase And Sale
-15.46
-78.18%
-8.68
-83.40%
-4.73
+28.19%
-6.59
Purchase Of PPE
-15.46
-78.18%
-8.68
-83.40%
-4.73
+28.19%
-6.59
Capital Expenditure
-15.46
-78.18%
-8.68
-83.40%
-4.73
+28.19%
-6.59
Net Investment Purchase And Sale
—
—
—
—
Financing Cash Flow
-315.16
-10.06%
-286.37
-46.07%
-196.05
+4.11%
-204.46
Cash Flow From Continuing Financing Activities
-315.16
-10.06%
-286.37
-46.07%
-196.05
+4.11%
-204.46
Net Common Stock Issuance
-315.16
-10.06%
-286.37
-46.07%
-196.05
+4.11%
-204.46
Common Stock Payments
-315.16
-10.06%
-286.37
-46.07%
-196.05
+4.11%
-204.46
Repurchase Of Capital Stock
-315.16
-10.06%
-286.37
-46.07%
-196.05
+4.11%
-204.46
Changes In Cash
58.85
+154971.05%
-0.04
-100.08%
45.44
+244.64%
-31.42
Effect Of Exchange Rate Changes
3.67
+181.96%
-4.47
-2644.17%
-0.16
+97.61%
-6.83
Beginning Cash Position
266.23
-1.67%
270.74
+20.08%
225.46
-14.50%
263.71
End Cash Position
328.75
+23.48%
266.23
-1.67%
270.74
+20.08%
225.46
Free Cash Flow
374.01
+30.62%
286.33
+18.57%
241.49
+39.55%
173.04
Income Tax Paid Supplemental Data
47.27
-43.32%
83.40
+23.79%
67.38
+16.12%
58.02
Change In Income Tax Payable
0.32
+105.11%
-6.24
-340.82%
-1.42
-285.10%
0.77
Change In Tax Payable
0.32
+105.11%
-6.24
-340.82%
-1.42
-285.10%
0.77
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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