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Manhattan Associates, Inc.
NASDAQ: MANH Technology IT 🔎 Screen
🏹 Trader: 🚀 Stage 2 + Near High 📈 Stage 2 🎯 Near 52W High | BRS 85 Ready View all →
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$12.9B
Market Cap
48.1
P/E
2.05
PEG
350.3%
ROCE
71.7%
ROE
0.18
D/E
25.9%
OPM
-1.6%
% from 52W High
81
α RS
🔍 MANH is showing a high-conviction setup because it matches 19 of 37 tracked screener presets, RS Rating is 81, and it's within 1.6% of its 52-week high. Net: Broad signal stack, not a recommendation. ? Conviction RS Rating 52W High
Sources
Conviction 19/37 · RS Rating 81 · 1.6% from 52W high
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🌏 Global Investor Returns
Currency-adjusted total returns for MANH including FX impact
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📈 Price History
Ratio Health
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By Category
📊 Sector Averages
About

Manhattan Associates, Inc. develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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⭐ Superinvestors Holding MANH
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 654.8K $87.2M 0.14% Mar 2026
Steve Cohen Point72 Asset Management 75.7K $10.1M 0.01% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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3-Statement Financial Model
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🎙 Management Tone Confident Specific ↑ Improving 4 quarters Full tone analysis in Intelligence →
📊 MIXED Manhattan Associates reports strong Q1 2026: cloud revenue up 24%, RPO up 24% to $2.35B, raises full-year guidance.
Revenue & Profitability
Q1 2026 total revenue was $282 million (up 7% YoY), cloud revenue $117 million (up 24%), services revenue $126 million (up 4%). Adjusted operating profit was $91 million (32.4% margin). Adjusted EPS was $1.24 (up 4%), GAAP EPS $0.82 (down 4%). Operating cash flow $84 million (up 12%). Full-year 2026 guidance raised: total revenue $1.147-1.157 billion, cloud revenue midpoint $495 million (21% growth), adjusted operating margin midpoint 35%, adjusted EPS $5.29-$5.37.
Outlook
Management sees solid demand despite a volatile global macro environment. They raised full-year guidance based on strong Q1 performance, though they remain conservative for the rest of the year given macro uncertainty. FX volatility is expected to be a 1% tailwind to full-year revenue. They target RPO growth of 18-20% for the year.
Growth Drivers
Growth is driven by new logo acquisition (55% of cloud bookings from net new logos in Q1), cross-sell/up-sell into the install base, scaling Active Agent subscriptions (paid pilots converting to subscription), and unified platform deals (warehouse + transportation). Geographically, large deals were closed in Europe and APAC. The company also highlighted increased deal volume across all deal types.
Balance Sheet & CapEx
Not discussed in this earnings call. The company did mention investing $150 million in share repurchases in Q1 and adding 120 headcount to the services team (with 70 more pending). No specific CapEx guidance was provided.
Margins
Adjusted operating margin was 32.4% in Q1. Full-year margin midpoint raised to 35% (from 34.75%), with quarterly targets: Q2 34.7%, Q3 36.9%, Q4 36.1%. License and maintenance attrition to cloud creates a 100-basis-point headwind. The company balances profitability with growth investments.
Key Risks
Management flagged a volatile global macro environment and FX volatility (2-point tailwind to total revenue in Q1). Non-linear bookings from large deal timing could impact quarterly performance. Renewal churn was lower than modeled but the company remains conservative. GAAP EPS was hurt by a decrease in stock-based compensation benefits.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-28
Record Q2 and first half results featured 26% cloud revenue growth, strong RPO, and three consecutive quarters of record bookings. AI offerings and new Editions packaging are expanding the addressable market, while guidance for revenue, margin, and EPS was raised for 2026.
Q1 2026 Q1 2026 2026-04-21
Record Q1 results featured 24% cloud revenue growth, strong new customer bookings, and rapid adoption of AI-powered solutions. Raised full-year guidance for revenue, margins, and EPS, while maintaining a conservative outlook amid macro volatility.
Q4 2025 Q4 2025 2026-01-27
Record Q4 and 2025 results driven by strong cloud growth, new logo wins, and strategic investments in AI and sales. 2026 guidance calls for double-digit cloud revenue growth, robust RPO, and continued margin expansion, with a focus on cross-sell and conversion opportunities.
Q3 2025 Q3 2025 2025-10-21
Q3 results exceeded expectations with 21% cloud revenue growth and strong RPO momentum. Guidance for 2025 and 2026 was raised, with continued investment in AI, new products, and sales capacity, while maintaining robust margins and a strong cash position.
Q2 2025 Q2 2025 2025-07-22
Record Q2 results featured 22% cloud revenue growth, strong RPO, and margin expansion. Full-year guidance was raised for revenue, margin, and EPS, with robust cross-sell momentum and new AI innovations supporting long-term growth.
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📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
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Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

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