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

28 Jan 2026, 14:30 by Sarita Garza · The Markets Daily

Manhattan Associates (NASDAQ:MANH – Get Free Report) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 5.040-5.200 for the period, compared to the consensus EPS estimate of 4.610. The company issued revenue guidance of $1.1 billion-$1.2 billion, compared to the consensus revenue estimate of $1.1 billion.

Manhattan Associates Stock Down 4.3%

Shares of NASDAQ:MANH opened at $169.73 on Wednesday. The firm has a market cap of $10.23 billion, a P/E ratio of 48.36 and a beta of 1.02. Manhattan Associates has a 12-month low of $140.81 and a 12-month high of $299.27. The business has a fifty day simple moving average of $173.85 and a 200 day simple moving average of $193.44.

Manhattan Associates (NASDAQ:MANH – Get Free Report) last released its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.10. The company had revenue of $270.39 million for the quarter, compared to analysts’ expectations of $264.69 million. Manhattan Associates had a net margin of 20.25% and a return on equity of 78.80%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.17 EPS. Manhattan Associates has set its FY 2026 guidance at 5.040-5.200 EPS. As a group, equities research analysts expect that Manhattan Associates will post 3.3 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Manhattan Associates in a report on Thursday, January 22nd. Raymond James Financial cut their target price on shares of Manhattan Associates from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Wednesday, October 22nd. DA Davidson set a $250.00 price target on Manhattan Associates in a research note on Wednesday, October 22nd. Stifel Nicolaus reduced their price objective on Manhattan Associates from $240.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Finally, Morgan Stanley dropped their target price on Manhattan Associates from $200.00 to $165.00 and set an “equal weight” rating for the company in a research report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Manhattan Associates presently has a consensus rating of “Moderate Buy” and a consensus target price of $219.58.

Get Our Latest Stock Report on MANH

Manhattan Associates News Roundup

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

Positive Sentiment: Q4 results beat and management raised FY‑2026 guidance: Manhattan reported $1.21 EPS vs. $1.11 consensus and $270.39M revenue vs. $264.69M est.; it set FY‑2026 EPS guidance of $5.040–5.200 (above the ~4.61 consensus), signaling stronger forward earnings visibility. Manhattan Associates Reports Fourth Quarter Results
Positive Sentiment: Analyst support: William Blair’s Dylan Becker reaffirmed a Buy, citing robust subscription growth, a conservative-looking 2026 outlook and upside from AI initiatives — a validation for growth investors. Manhattan Associates: Robust Subscription Growth, Conservative 2026 Outlook, and AI Upside Support Continued Buy Rating
Positive Sentiment: Market reaction earlier: Several outlets reported that shares initially rose after the Q4 beat and guidance print, reflecting investor enthusiasm for beat + raised guidance dynamics. Manhattan Associates shares rise as Q4 results beat, guidance strong
Neutral Sentiment: Earnings materials and call transcript are available for deeper inspection of margins, subscription dynamics and commentary on AI/product roadmap — useful for modeling forward revenue mix and margin cadence. Manhattan Associates, Inc. (MANH) Q4 2025 Earnings Call Transcript
Neutral Sentiment: Analyst writeups and metric comparisons (Zacks, MarketBeat) provide context on revenue growth (Q4 +5.7% YoY), margins and ROE — helpful for valuation checks versus peers. Manhattan Associates (MANH) Q4 Earnings and Revenues Top Estimates
Negative Sentiment: Rising short interest: shorted shares climbed ~23.2% in January to ~2.29M shares (about 3.8% of shares outstanding) and a short‑interest ratio ~3.8 days — increased bearish positioning can add selling pressure or volatility.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CIBC Bancorp USA Inc. purchased a new stake in shares of Manhattan Associates during the 3rd quarter valued at about $1,357,000. Danske Bank A S purchased a new position in Manhattan Associates during the third quarter valued at $10,654,000. Caitong International Asset Management Co. Ltd increased its holdings in Manhattan Associates by 448.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock valued at $28,000 after acquiring an additional 112 shares during the last quarter. Advisory Services Network LLC boosted its holdings in shares of Manhattan Associates by 18.5% during the 3rd quarter. Advisory Services Network LLC now owns 1,565 shares of the software maker’s stock valued at $321,000 after purchasing an additional 244 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Manhattan Associates by 0.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 860,869 shares of the software maker’s stock valued at $176,461,000 after purchasing an additional 5,961 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

About Manhattan Associates

(Get Free Report)

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.