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Manhattan Associates Inc (MANH)


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Upturn Advisory Summary
10/15/2025: MANH (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $228.73
1 Year Target Price $228.73
5 | Strong Buy |
2 | Buy |
3 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 6.47% | Avg. Invested days 48 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 12.14B USD | Price to earnings Ratio 56.17 | 1Y Target Price 228.73 |
Price to earnings Ratio 56.17 | 1Y Target Price 228.73 | ||
Volume (30-day avg) 10 | Beta 1.12 | 52 Weeks Range 140.81 - 312.60 | Updated Date 10/14/2025 |
52 Weeks Range 140.81 - 312.60 | Updated Date 10/14/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 3.57 |
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 2025-10-21 | When After Market | Estimate 1.18 | 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 56.17 | Forward PE 38.91 | Enterprise Value 11993948087 | Price to Sales(TTM) 11.48 |
Enterprise Value 11993948087 | Price to Sales(TTM) 11.48 | ||
Enterprise Value to Revenue 11.34 | Enterprise Value to EBITDA 42.51 | Shares Outstanding 60468594 | Shares Floating 59864513 |
Shares Outstanding 60468594 | Shares Floating 59864513 | ||
Percent Insiders 1.31 | Percent Institutions 104.55 |
Upturn AI SWOT
Manhattan Associates Inc

Company Overview
History and Background
Manhattan Associates was founded in 1990. Initially focused on warehouse management systems (WMS), it expanded into supply chain execution (SCE) and omnichannel commerce solutions through organic growth and acquisitions. It became a publicly traded company on the NASDAQ in 1998.
Core Business Areas
- Supply Chain Commerce: Provides solutions for planning, inventory, transportation, and warehouse management to optimize supply chain efficiency.
- Omnichannel Commerce: Offers solutions for order management, store fulfillment, and point-of-sale to enable seamless customer experiences across multiple channels.
- Consulting and Services: Provides implementation, training, and support services for its software solutions.
Leadership and Structure
Eddie Capel serves as the CEO. The company has a typical corporate structure with departments for sales, marketing, product development, finance, and operations.
Top Products and Market Share
Key Offerings
- Manhattan Active Warehouse Management: A cloud-native warehouse management system that optimizes warehouse operations. Competitors include Blue Yonder, Oracle, and SAP. Market share data is difficult to ascertain precisely but Manhattan Associates is considered a market leader.
- Manhattan Active Order Management: A cloud-native order management system for omnichannel retailers. Competitors include Salesforce Commerce Cloud, IBM Sterling Order Management, and Fluent Commerce. Market share data is difficult to ascertain precisely but Manhattan Associates is considered a market leader.
- Manhattan Transportation Management: A comprehensive solution for managing all aspects of transportation planning and execution, from initial shipment planning to final delivery. Competitors include Oracle Transportation Management, SAP Transportation Management, and Blue Yonder Transportation Management.
Market Dynamics
Industry Overview
The supply chain management software market is experiencing significant growth driven by increasing globalization, e-commerce expansion, and the need for greater efficiency and resilience. Cloud-based solutions are gaining traction.
Positioning
Manhattan Associates is positioned as a leading provider of supply chain and omnichannel commerce solutions, known for its innovation and comprehensive platform. They compete primarily on functionality, scalability, and customer service.
Total Addressable Market (TAM)
The global supply chain management software market is projected to reach over $40 billion by 2027. Manhattan Associates is well-positioned to capture a significant share of this growing market.
Upturn SWOT Analysis
Strengths
- Strong brand reputation
- Comprehensive product suite
- Cloud-native architecture
- Deep industry expertise
- Strong customer base
Weaknesses
- Premium pricing compared to some competitors
- Implementation complexity can be high
- Reliance on large enterprise customers
- Limited presence in smaller businesses
Opportunities
- Expanding into new geographic markets
- Developing AI-powered solutions
- Acquiring complementary technologies
- Increasing adoption of cloud-based solutions
- Partnerships with system integrators
Threats
- Increased competition from established players
- Economic slowdown impacting customer spending
- Cybersecurity risks
- Rapid technological advancements requiring constant innovation
- Changing customer expectations
Competitors and Market Share
Key Competitors
- Blue Yonder (private)
- SAP (SAP)
- Oracle (ORCL)
- Salesforce (CRM)
Competitive Landscape
Manhattan Associates competes with a mix of large enterprise software vendors and smaller, specialized players. Its strengths lie in its deep industry expertise, comprehensive product suite, and cloud-native architecture. It is considered a leader in WMS and OMS. Blue Yonder and SAP often compete on scale and global presence, while Salesforce offers a broader CRM-focused solution.
Major Acquisitions
Radius Logistics
- Year: 2006
- Acquisition Price (USD millions): 75
- Strategic Rationale: Expanded transportation management capabilities.
Growth Trajectory and Initiatives
Historical Growth: Manhattan Associates has experienced consistent revenue growth over the past several years, driven by increased demand for its supply chain and omnichannel commerce solutions.
Future Projections: Analysts project continued revenue growth for Manhattan Associates, driven by its strong product portfolio and expanding market opportunity.
Recent Initiatives: Recent initiatives include the launch of new cloud-native solutions, expansion into new geographic markets, and strategic partnerships with system integrators.
Summary
Manhattan Associates is a strong player in the supply chain and omnichannel commerce solutions market. Its cloud-native solutions and industry expertise are key differentiators. Its premium pricing and implementation complexity are potential drawbacks. The company should focus on expanding its presence in smaller businesses and leveraging AI to enhance its product offerings.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Financial Reports
- Industry Analyst Reports
- Market Research Data
Disclaimers:
This analysis is based on available information and is not financial advice. Market conditions and company performance are subject to change.
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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