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Manhattan Associates Inc (MANH)



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Upturn Advisory Summary
09/15/2025: MANH (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $227.89
1 Year Target Price $227.89
5 | Strong Buy |
2 | Buy |
3 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 9.83% | Avg. Invested days 47 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 13.07B USD | Price to earnings Ratio 60.2 | 1Y Target Price 227.89 |
Price to earnings Ratio 60.2 | 1Y Target Price 227.89 | ||
Volume (30-day avg) 10 | Beta 1.13 | 52 Weeks Range 140.81 - 312.60 | Updated Date 09/14/2025 |
52 Weeks Range 140.81 - 312.60 | Updated Date 09/14/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 3.59 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 20.91% | Operating Margin (TTM) 15.83% |
Management Effectiveness
Return on Assets (TTM) 24.44% | Return on Equity (TTM) 85.16% |
Valuation
Trailing PE 60.2 | Forward PE 41.67 | Enterprise Value 12885255163 | Price to Sales(TTM) 12.35 |
Enterprise Value 12885255163 | Price to Sales(TTM) 12.35 | ||
Enterprise Value to Revenue 12.18 | Enterprise Value to EBITDA 45.67 | Shares Outstanding 60468600 | Shares Floating 59864513 |
Shares Outstanding 60468600 | Shares Floating 59864513 | ||
Percent Insiders 1.31 | Percent Institutions 104.43 |
Upturn AI SWOT
Manhattan Associates Inc

Company Overview
History and Background
Manhattan Associates Inc. was founded in 1990. It initially focused on warehouse management solutions and has expanded into a broader supply chain commerce solutions provider. Key milestones include its IPO and acquisitions to enhance its product offerings.
Core Business Areas
- Supply Chain Execution: This segment focuses on warehouse management, transportation management, and distribution management systems. It helps businesses optimize their supply chain operations from end to end.
- Omnichannel Commerce: This segment provides solutions for order management, store inventory, and point-of-sale, enabling retailers to provide a unified shopping experience across channels.
- Consulting and Services: This segment helps support its other business areas by offering consulting, implementation, and support services to clients.
Leadership and Structure
Eddie Capel is the current CEO. The company has a functional organizational structure, with departments focused on product development, sales, marketing, and customer support.
Top Products and Market Share
Key Offerings
- Warehouse Management System (WMS): Manhattan Associates' WMS is a leading product in the warehouse management space. It provides comprehensive functionality for managing warehouse operations, including inventory management, order fulfillment, and labor management. While exact market share fluctuates, they are considered a leader, competing with Blue Yonder (formerly JDA) and Oracle. Revenue from services supporting WMS products forms a major portion of revenue.
- Order Management System (OMS): Their OMS helps retailers manage orders across multiple channels, providing visibility and control over the entire order lifecycle. Competitors include IBM Sterling Order Management and Salesforce Commerce Cloud. Revenue from this service forms a growing component of total revenue.
- Transportation Management System (TMS): Their TMS helps manage transportation and shipping efficiently. Competitors include Oracle and SAP.
Market Dynamics
Industry Overview
The supply chain software market is growing due to increasing complexity of global supply chains, e-commerce growth, and the need for greater efficiency and visibility. Companies are investing in digital transformation and cloud-based solutions to improve their supply chain operations.
Positioning
Manhattan Associates Inc. is positioned as a leader in supply chain commerce solutions, known for its comprehensive and integrated platform. Its competitive advantages include its deep industry expertise, robust product functionality, and strong customer relationships.
Total Addressable Market (TAM)
The TAM for supply chain management software is estimated to be in the tens of billions of dollars. Manhattan Associates is well-positioned to capture a significant portion of this market with its comprehensive product offerings and strong market presence.
Upturn SWOT Analysis
Strengths
- Strong brand reputation
- Comprehensive product portfolio
- Deep industry expertise
- High customer retention
- Cloud-based solutions
Weaknesses
- High implementation costs
- Complex software requiring significant training
- Reliance on large enterprise customers
Opportunities
- Expanding into new geographic markets
- Developing new cloud-based solutions
- Acquiring complementary technologies
- Growing demand for e-commerce supply chain solutions
Threats
- Increasing competition from other supply chain software vendors
- Economic downturn impacting customer spending
- Rapid technological changes requiring constant innovation
- Cybersecurity threats to supply chain data
Competitors and Market Share
Key Competitors
- ORCL
- SAP
- JBLU
Competitive Landscape
Manhattan Associates Inc. competes with other supply chain software vendors, including large enterprise software companies like Oracle and SAP, as well as smaller, more specialized vendors. Manhattan Associates' strengths include its deep industry expertise and comprehensive product portfolio, while its weaknesses include its high implementation costs and complex software.
Major Acquisitions
Precog Systems
- Year: 2020
- Acquisition Price (USD millions): 50
- Strategic Rationale: To enhance its machine learning and artificial intelligence capabilities.
Saratoga Group
- Year: 2005
- Acquisition Price (USD millions): 120
- Strategic Rationale: Enhanced customer base and expanded geographic presence.
Growth Trajectory and Initiatives
Historical Growth: Manhattan Associates Inc. has demonstrated consistent revenue growth over the past several years, driven by increased demand for its supply chain commerce solutions.
Future Projections: Analysts project continued revenue growth for Manhattan Associates Inc. in the coming years, driven by its cloud-based solutions and expansion into new markets.
Recent Initiatives: Recent strategic initiatives include expanding its cloud-based platform, investing in new technologies, and acquiring complementary businesses.
Summary
Manhattan Associates is a strong player in the supply chain management software market with consistent revenue growth and a healthy financial position. It benefits from a comprehensive product portfolio and strong brand reputation. However, the company must address high implementation costs and competition while capitalizing on opportunities in cloud solutions and new markets.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (SEC)
- Analyst Reports
- Market Research Reports
- Company Website
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market data is subject to change. Actual results may vary.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Manhattan Associates Inc
Exchange NASDAQ | Headquaters Atlanta, GA, United States | ||
IPO Launch date 1998-04-22 | President, CEO & Director Mr. Eric A. Clark | ||
Sector Technology | Industry Software - Application | Full time employees 4690 | Website https://www.manh.com |
Full time employees 4690 | Website https://www.manh.com |
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 inventory optimization and allocation solutions; 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.

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