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Manhattan Associates Inc (MANH)



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Upturn Advisory Summary
08/28/2025: 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 13.47% | Avg. Invested days 45 | 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 13.21B USD | Price to earnings Ratio 61.02 | 1Y Target Price 227.89 |
Price to earnings Ratio 61.02 | 1Y Target Price 227.89 | ||
Volume (30-day avg) 10 | Beta 1.1 | 52 Weeks Range 140.81 - 312.60 | Updated Date 08/28/2025 |
52 Weeks Range 140.81 - 312.60 | Updated Date 08/28/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 3.58 |
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 61.02 | Forward PE 45.87 | Enterprise Value 13027961045 | Price to Sales(TTM) 12.49 |
Enterprise Value 13027961045 | Price to Sales(TTM) 12.49 | ||
Enterprise Value to Revenue 12.32 | Enterprise Value to EBITDA 46.18 | Shares Outstanding 60468600 | Shares Floating 59862094 |
Shares Outstanding 60468600 | Shares Floating 59862094 | ||
Percent Insiders 1.32 | Percent Institutions 104.49 |
Upturn AI SWOT
Manhattan Associates Inc

Company Overview
History and Background
Manhattan Associates Inc. was founded in 1990. It started as a warehouse management system (WMS) provider and has evolved into a supply chain and omnichannel commerce solutions company. Significant milestones include expanding its product offerings to include transportation management, order management, and store fulfillment solutions, as well as global expansion and strategic acquisitions.
Core Business Areas
- Supply Chain Commerce Solutions: Provides software solutions for managing and optimizing supply chain, inventory, and logistics processes.
- Omnichannel Commerce Solutions: Offers solutions for managing customer interactions and fulfilling orders across various channels, including online and physical stores.
Leadership and Structure
Eddie Capel serves as the President and 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 WM: A cloud-native warehouse management system designed for complex, high-volume distribution centers. Competitors include Blue Yonder, Oracle, and SAP. Manhattan Associates market share of the WMS market is estimated at around 12%.
- Manhattan Active Omni: A platform for managing orders, inventory, and customer interactions across all channels. Competitors include Salesforce Commerce Cloud, Magento, and Shopify Plus. Market share data specifically for Manhattan Active Omni is less readily available.
Market Dynamics
Industry Overview
The supply chain and omnichannel commerce solutions market is experiencing growth due to increasing e-commerce activity, supply chain disruptions, and demand for greater efficiency and visibility. The industry is competitive, with a mix of large enterprise software vendors and specialized niche players.
Positioning
Manhattan Associates Inc. is positioned as a leading provider of supply chain and omnichannel commerce solutions, particularly for large, complex organizations. Its competitive advantages include its deep industry expertise, comprehensive product suite, and commitment to innovation.
Total Addressable Market (TAM)
The total addressable market (TAM) for supply chain management software is projected to reach hundreds of billions of dollars in coming years. Manhattan Associates Inc. is well-positioned to capture a portion of this expanding market with its diverse product offerings.
Upturn SWOT Analysis
Strengths
- Strong brand reputation
- Comprehensive product suite
- Focus on innovation
- Experienced management team
- Strong customer relationships
Weaknesses
- High price point compared to some competitors
- Complex implementations can require significant resources
- Reliance on large enterprise customers
Opportunities
- Expanding e-commerce market
- Increasing demand for supply chain visibility
- Growing adoption of cloud-based solutions
- Potential for strategic acquisitions
- International expansion
Threats
- Intense competition
- Economic downturn
- Rapid technological change
- Cybersecurity threats
- Supply chain disruptions
Competitors and Market Share
Key Competitors
- ORCL
- SAP
- JNPR
Competitive Landscape
Manhattan Associates competes with a mix of large enterprise software vendors and specialized niche players. Its advantages include its deep industry expertise, comprehensive product suite, and strong customer relationships. Disadvantages include the high price point and implementation complexity of its solutions.
Major Acquisitions
Retail Solutions Inc.
- Year: 2016
- Acquisition Price (USD millions): 80
- Strategic Rationale: Expanded Manhattan Associates' retail store solutions and broadened its customer base.
Growth Trajectory and Initiatives
Historical Growth: Manhattan Associates has experienced steady revenue growth over the past decade, driven by demand for its supply chain and omnichannel commerce solutions.
Future Projections: Analysts project continued growth for Manhattan Associates, driven by strong market trends and the company's competitive position. Specific growth estimates can be found in analyst reports.
Recent Initiatives: Recent initiatives include investing in new product development, expanding its cloud-based offerings, and pursuing strategic acquisitions.
Summary
Manhattan Associates is a strong player in the supply chain and omnichannel commerce solutions market with a comprehensive product suite and a solid reputation. Its innovative cloud-based offerings and strategic acquisitions contribute to its continued growth. However, the company should be mindful of intense competition and potential economic downturns that could impact its performance.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Manhattan Associates' SEC filings (10-K, 10-Q)
- Investor relations materials
- Analyst reports (Gartner, Forrester)
- Industry publications
- Company Website
Disclaimers:
This analysis is based on publicly available information and represents a general overview of Manhattan Associates Inc. Financial data and market share estimates are subject to change. This is not financial advice, and investors should conduct their own due diligence before making investment decisions.
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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