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MANH 
Manhattan Associates Inc (MANH)
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Upturn Advisory Summary
12/05/2025: MANH (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
10 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $224.82
1 Year Target Price $224.82
| 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  2.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 12/05/2025 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 10.87B USD | Price to earnings Ratio 51.05 | 1Y Target Price 224.82 |
Price to earnings Ratio 51.05 | 1Y Target Price 224.82 | ||
Volume (30-day avg) 10 | Beta 1.02 | 52 Weeks Range 140.81 - 312.60 | Updated Date 12/7/2025 |
52 Weeks Range 140.81 - 312.60 | Updated Date 12/7/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 3.52 |
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 20.25% | Operating Margin (TTM) 15.83% |
Management Effectiveness
Return on Assets (TTM) 23.55% | Return on Equity (TTM) 73.58% |
Valuation
Trailing PE 51.05 | Forward PE 38.91 | Enterprise Value 10611962403 | Price to Sales(TTM) 10.19 |
Enterprise Value 10611962403 | Price to Sales(TTM) 10.19 | ||
Enterprise Value to Revenue 9.95 | Enterprise Value to EBITDA 37.52 | Shares Outstanding 60258247 | Shares Floating 59525507 |
Shares Outstanding 60258247 | Shares Floating 59525507 | ||
Percent Insiders 1.28 | Percent Institutions 105.6 |
Upturn AI SWOT
Manhattan Associates Inc
Company Overview
History and Background
Manhattan Associates Inc. was founded in 1998. It has evolved from a provider of warehouse management systems to a comprehensive supply chain commerce solutions company. Key milestones include its IPO in 2000, significant expansion of its software and services portfolio, and a continuous focus on innovation in supply chain technology.
Core Business Areas
- Supply Chain Commerce Solutions: Provides a suite of software solutions designed to optimize every aspect of the supply chain, from planning and execution to optimization and insights. This includes warehouse management, transportation management, order management, and omnichannel fulfillment.
- Cloud-Based Solutions: Offers its core solutions as cloud-native services, providing scalability, flexibility, and faster deployment for businesses.
- Professional Services: Includes implementation, consulting, and ongoing support services to help clients maximize the value of Manhattan Associates' solutions.
Leadership and Structure
Manhattan Associates is led by a team of experienced executives, including a CEO, CFO, CTO, and various senior vice presidents overseeing different business functions and regions. The company is structured to deliver integrated solutions across its product lines, with a strong emphasis on customer success and innovation.
Top Products and Market Share
Key Offerings
- Manhattan Active Warehouse Management (WM): A cloud-native, AI-driven solution for optimizing warehouse operations, including receiving, putaway, picking, packing, and shipping. Competitors include Blue Yonder, SAP, Oracle, and HighJump (Ku00f6rber). Specific market share data for individual products is not publicly disclosed by Manhattan Associates, but it is considered a leader in the WM space.
- Manhattan Active Omni: A comprehensive platform for managing omnichannel fulfillment, enabling businesses to fulfill orders from any location (store, warehouse, distribution center). Competitors include Blue Yonder, SAP, Oracle, and various headless commerce platforms. It is a key offering in the retail technology market.
- Manhattan Active Transportation Management (TM): A cloud-based solution for optimizing transportation planning, execution, and visibility. Competitors include Blue Yonder, Oracle, SAP, and MercuryGate. This product aims to reduce transportation costs and improve efficiency.
Market Dynamics
Industry Overview
The supply chain management (SCM) software market is experiencing robust growth driven by increasing e-commerce penetration, the need for greater supply chain visibility and resilience, and the adoption of automation and AI technologies. Companies are seeking solutions that can manage complex global supply chains, optimize inventory, and improve customer experience.
Positioning
Manhattan Associates is positioned as a leader in the supply chain commerce solutions market, known for its comprehensive suite of integrated products and its strong focus on innovation, particularly with its cloud-native Manhattan Active platform. Its competitive advantages include its deep domain expertise, a broad customer base across various industries, and its ability to deliver end-to-end supply chain visibility and control.
Total Addressable Market (TAM)
The global Supply Chain Management software market is substantial and growing. Estimates vary, but many market research firms project the TAM to be in the tens of billions of USD, with continued strong growth projected over the next several years. Manhattan Associates addresses a significant portion of this TAM through its WMS, TMS, Order Management, and related solutions.
Upturn SWOT Analysis
Strengths
- Strong brand recognition and established market leadership in Warehouse Management.
- Comprehensive suite of integrated supply chain solutions.
- Significant investment in cloud-native technology (Manhattan Active).
- Deep industry expertise and a loyal customer base.
- Proven track record of innovation and product development.
Weaknesses
- Perceived complexity and cost of implementation for some solutions.
- Reliance on existing customer base for a significant portion of revenue.
- Potential for slower adoption of new technologies compared to more niche players.
- Competition from larger, more diversified software providers.
Opportunities
- Growing demand for omnichannel fulfillment solutions.
- Expansion into emerging markets and new industry verticals.
- Leveraging AI and machine learning for enhanced supply chain intelligence.
- Strategic partnerships and acquisitions to expand product capabilities.
- Increased focus on supply chain sustainability and resilience.
Threats
- Intense competition from established players and emerging technology companies.
- Rapid technological advancements requiring continuous investment.
- Economic downturns impacting enterprise IT spending.
- Cybersecurity risks associated with cloud-based solutions.
- Difficulty in attracting and retaining top talent in a competitive tech landscape.
Competitors and Market Share
Key Competitors
- Blue Yonder Holdings, Inc. (Private)
- SAP SE (SAP)
- Oracle Corporation (ORCL)
- Ku00f6rber AG (Private, includes HighJump)
Competitive Landscape
Manhattan Associates' strengths lie in its specialized focus on supply chain commerce and its well-regarded Manhattan Active platform. However, it faces strong competition from large, diversified enterprise software giants like SAP and Oracle, which can bundle supply chain solutions with other core business applications. Niche players like Blue Yonder and Ku00f6rber offer specialized solutions that can also be competitive. Manhattan Associates' advantage is its deep expertise and integrated, cloud-native approach, while a potential disadvantage could be the breadth of offerings from larger competitors.
Major Acquisitions
Vergys
- Year: 2020
- Acquisition Price (USD millions): 150
- Strategic Rationale: To enhance Manhattan Associates' capabilities in areas such as supply chain visibility and analytics, strengthening its end-to-end supply chain execution and planning solutions.
Prentis
- Year: 2021
- Acquisition Price (USD millions): 165
- Strategic Rationale: To expand Manhattan Associates' workforce management capabilities, particularly in improving labor planning and execution within distribution centers.
Growth Trajectory and Initiatives
Historical Growth: Manhattan Associates has achieved steady revenue and profit growth over the years, driven by the increasing adoption of its supply chain solutions and its strategic shift towards cloud-based offerings. The transition to subscription-based revenue models has contributed to more predictable revenue streams.
Future Projections: Analyst consensus typically projects continued revenue growth and earnings per share expansion, driven by the ongoing digital transformation in supply chain management, the expansion of their cloud portfolio, and new client acquisitions. Specific growth rate projections vary by analyst and economic conditions.
Recent Initiatives: Recent initiatives include the continued expansion and enhancement of the Manhattan Active platform, strategic partnerships to broaden its ecosystem, and a focus on driving greater adoption of its cloud solutions across its customer base. Acquisitions may also be part of their growth strategy.
Summary
Manhattan Associates Inc. is a strong player in the supply chain commerce solutions market, leveraging its deep expertise and innovative cloud-native Manhattan Active platform. The company exhibits steady financial growth and a clear strategy to capitalize on the increasing demand for sophisticated supply chain management. Key strengths include its integrated solutions and loyal customer base. However, it must continuously innovate and adapt to intense competition from larger software providers and agile niche players to maintain its market leadership.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Manhattan Associates Inc. Investor Relations
- SEC Filings (10-K, 10-Q)
- Financial News Outlets (e.g., Bloomberg, Reuters)
- Market Research Reports (e.g., Gartner, IDC)
- Financial Data Providers (e.g., Refinitiv, FactSet)
Disclaimers:
This analysis is based on publicly available information and is intended for informational purposes only. It does not constitute financial advice. Market share data and TAM figures are estimates and subject to change. Investors should conduct their own due diligence before making any 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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