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MANH 
Manhattan Associates Inc (MANH)
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Upturn Advisory Summary
01/07/2026: 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 $220.82
1 Year Target Price $220.82
| 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 01/07/2026 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 10.47B USD | Price to earnings Ratio 47.81 | 1Y Target Price 220.82 |
Price to earnings Ratio 47.81 | 1Y Target Price 220.82 | ||
Volume (30-day avg) 10 | Beta 1.02 | 52 Weeks Range 140.81 - 299.27 | Updated Date 01/7/2026 |
52 Weeks Range 140.81 - 299.27 | Updated Date 01/7/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 3.62 |
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 47.81 | Forward PE 33.11 | Enterprise Value 10213052808 | Price to Sales(TTM) 9.81 |
Enterprise Value 10213052808 | Price to Sales(TTM) 9.81 | ||
Enterprise Value to Revenue 9.57 | Enterprise Value to EBITDA 36.11 | Shares Outstanding 60258247 | Shares Floating 59662896 |
Shares Outstanding 60258247 | Shares Floating 59662896 | ||
Percent Insiders 1.27 | Percent Institutions 105.45 |
Upturn AI SWOT
Manhattan Associates Inc
Company Overview
History and Background
Manhattan Associates Inc. was founded in 1998 as a spin-off from the logistics division ofinent Consulting Group. The company has since become a leading provider of supply chain commerce solutions. Key milestones include its IPO in 2000, significant product launches, and strategic acquisitions aimed at expanding its portfolio and global reach. Manhattan Associates has evolved from a warehouse management system (WMS) provider to a comprehensive supply chain commerce platform provider.
Core Business Areas
- Supply Chain Commerce Solutions: Manhattan Associates offers a suite of software and services designed to optimize every aspect of the supply chain, from planning and execution to delivery and returns. This includes solutions for warehouse management, transportation management, inventory optimization, labor management, and omnichannel fulfillment.
- Software Licenses and Subscription: This segment includes the revenue generated from selling perpetual software licenses and recurring subscription fees for their cloud-based solutions.
- Services: This segment encompasses implementation, consulting, maintenance, and support services associated with their software solutions.
Leadership and Structure
Manhattan Associates is led by its executive management team, including a Chief Executive Officer, Chief Financial Officer, and other key functional leaders. The company operates on a global scale, with regional sales and service teams to support its diverse customer base. Its organizational structure is designed to foster innovation, customer success, and operational efficiency.
Top Products and Market Share
Key Offerings
- Manhattan Activeu00ae Warehouse Management: A cloud-native, extensible, and modern warehouse management system designed to optimize complex warehouse operations. It offers real-time visibility, advanced automation capabilities, and supports omnichannel fulfillment. Competitors include Blue Yonder (JDA Software), Oracle, SAP, HighJump (Korber), and Ku00f6rber. Specific market share data for individual products is not publicly disclosed by the company, but it is a leading player in the WMS market.
- Manhattan Activeu00ae Transportation Management: A comprehensive transportation management system that provides end-to-end visibility, optimization, and execution of freight across all modes of transportation. Competitors include Oracle, SAP, MercuryGate, and BluJay Solutions. Like WMS, specific market share is not publicly detailed.
- Manhattan Activeu00ae Omni: A unified platform for enabling true omnichannel commerce, connecting all channels and touchpoints for seamless customer experiences. It integrates with WMS, TMS, and order management systems. Competitors include established e-commerce platforms and specialized omnichannel solutions. Market share data is not granularly disclosed.
Market Dynamics
Industry Overview
The supply chain technology market is experiencing robust growth, driven by the increasing complexity of global supply chains, the rise of e-commerce, and the need for greater efficiency, visibility, and resilience. Companies are investing in digital transformation to gain a competitive edge. Key trends include the adoption of cloud-based solutions, AI and machine learning for optimization, automation, and sustainability initiatives.
Positioning
Manhattan Associates is positioned as a leader in the supply chain commerce solutions market, particularly strong in warehouse management and transportation management. Its competitive advantages lie in its deep industry expertise, comprehensive suite of integrated solutions, commitment to innovation (especially its cloud-native Manhattan Active platform), and strong customer relationships.
Total Addressable Market (TAM)
The global supply chain management software market is substantial and growing. Estimates vary, but it is projected to reach hundreds of billions of dollars in the coming years. Manhattan Associates, as a significant player, is well-positioned to capture a considerable portion of this TAM, especially within its core strengths of WMS, TMS, and omnichannel solutions.
Upturn SWOT Analysis
Strengths
- Strong market leadership in Warehouse Management Systems (WMS).
- Comprehensive and integrated suite of supply chain solutions.
- Significant investment in cloud-native technology (Manhattan Activeu00ae).
- Established customer base with high retention rates.
- Deep industry expertise and domain knowledge.
Weaknesses
- Perceived as a premium-priced solution, potentially limiting adoption for smaller businesses.
- Reliance on large enterprise clients can create concentration risk.
- Integration complexities with legacy systems for some clients.
- Competition from broader ERP providers with supply chain modules.
Opportunities
- Continued growth of e-commerce and omnichannel retail.
- Increasing demand for supply chain visibility and resilience.
- Expansion into emerging markets and new geographic regions.
- Leveraging AI and machine learning for advanced supply chain analytics and automation.
- Acquisitions to broaden product portfolio or enter new segments.
Threats
- Intensifying competition from established players and new entrants.
- Economic downturns impacting enterprise IT spending.
- Rapid technological advancements requiring continuous innovation.
- Data security and privacy concerns.
- Challenges in attracting and retaining top talent in a competitive tech landscape.
Competitors and Market Share
Key Competitors
- Blue Yonder Group, Inc. (Symbol: BYND - Private)
- Oracle Corporation (Symbol: ORCL)
- SAP SE (Symbol: SAP)
- Ku00f6rber AG (Symbol: KRB.DE - Publicly traded in Germany)
- HighJump Software (now part of Ku00f6rber)
Competitive Landscape
Manhattan Associates holds a strong position, particularly in the WMS segment, where it is often considered a market leader. Its Manhattan Active platform offers a significant competitive advantage in terms of modern architecture and cloud scalability. However, it faces intense competition from large ERP players like Oracle and SAP, which offer integrated supply chain modules, and specialized providers like Blue Yonder and Ku00f6rber, which also have strong offerings. Manhattan's advantage lies in its focused expertise and innovation in supply chain commerce.
Major Acquisitions
Bloomin' Brands Inc.'s Supply Chain Technology Assets
- Year: 2021
- Acquisition Price (USD millions):
- Strategic Rationale: Acquired to enhance its capabilities in inventory and order management, particularly for retail and restaurant operations, and to expand its customer base in the quick-service restaurant sector.
KeyedIn Solutions
- Year: 2021
- Acquisition Price (USD millions):
- Strategic Rationale: Acquired to bolster its capabilities in project-based solutions and asset-intensive industries, expanding its addressable market and offering.
Growth Trajectory and Initiatives
Historical Growth: Manhattan Associates has experienced consistent historical growth, fueled by its strong market position in WMS, expansion into TMS and omnichannel solutions, and its strategic shift towards cloud-based offerings. The company has a track record of reinvesting in its products and services to stay ahead of market trends.
Future Projections: Analyst projections generally indicate continued revenue growth, albeit at a moderated pace, driven by the ongoing adoption of its Manhattan Active platform and expansion into new markets. Profitability is expected to be supported by the increasing mix of recurring subscription revenue and operational efficiencies. Specific growth rate projections vary by analyst but typically range from mid-single digits to low double-digits annually.
Recent Initiatives: Key recent initiatives include the continued rollout and enhancement of its Manhattan Activeu00ae suite of cloud-native solutions, strategic partnerships to expand ecosystem reach, and investments in AI and automation capabilities to further differentiate its offerings and drive customer value.
Summary
Manhattan Associates is a strong player in the supply chain commerce solutions market, particularly in WMS and TMS. Its robust financial performance, consistent dividend growth, and strategic focus on cloud-native technology like Manhattan Active are significant strengths. The company benefits from growing market demand for efficient and visible supply chains. However, it must navigate intense competition from ERP giants and specialized rivals while continuing to innovate and adapt to evolving technological landscapes and economic conditions.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Manhattan Associates Inc. Investor Relations
- Company Annual Reports (10-K filings)
- Financial news and data providers (e.g., Bloomberg, Refinitiv, Yahoo Finance)
- Industry research reports (e.g., Gartner, IDC)
Disclaimers:
This information is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Financial data and market share information are estimates and subject to change. Historical performance is not indicative of future results. Investors should conduct their own due diligence and consult with a qualified financial advisor.
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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